Cabinet approves wage hike, next phase of handout

Quick Summary:

The Thai cabinet on Tuesday approved new minimum wage increases from January, tax breaks to boost spending and the second phase the government’s signature handout scheme, Prime Minister Paetongtarn Shinawatra said.

The agreement also signals an easing of tensions between the central bank and the Pheu Thai government after clashes over interest rates and the best way to revive the economy.

The Pheu Thai government had promised to raise the daily minimum wage to 400 baht nationwide to help drive the economy.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Baht Central Wage Inflation Bank Spending Target Year Range Government Thai

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 14:46:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24627614

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 17 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

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Publisher ID: #66

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