wowpow
June 4th, 2006, 09:07
The Nation 4th June 2006
"Minimum wage may be raised Bt10 a day. Govt also considers lower SSF contributions
The caretaker government yesterday considered raising the minimum wage by Bt10 per day and reducing the compulsory contribution to the Social Security Fund (SSF) as two immediate measures to relieve the burden of low-income earners from soaring oil prices.
Other issues considered at the special Cabinet meeting included a plan to have the Bank for Agriculture and Agricultural Cooperatives (BAAC) cut its lending rate by 1 per cent for farmers whose debts are under Bt100,000.
Meanwhile, like other proposals, the Cabinet reached no conclusion whether to transfer government funds to BAAC and the Government Housing Bank for relending to low-income earners.
"We consider that it is extremely appropriate to raise the minimum wage. Despite the increase in wages, this one is special given the volatility of oil prices," said caretaker Labour Minister Somsak Thepsuthin after the hours-long meeting at Government House.
The minimum wage is now Bt184 per day......"
Full article http://www.nationmultimedia.com/2006/06 ... 005587.php (http://www.nationmultimedia.com/2006/06/03/business/business_30005587.php)
"Minimum wage may be raised Bt10 a day. Govt also considers lower SSF contributions
The caretaker government yesterday considered raising the minimum wage by Bt10 per day and reducing the compulsory contribution to the Social Security Fund (SSF) as two immediate measures to relieve the burden of low-income earners from soaring oil prices.
Other issues considered at the special Cabinet meeting included a plan to have the Bank for Agriculture and Agricultural Cooperatives (BAAC) cut its lending rate by 1 per cent for farmers whose debts are under Bt100,000.
Meanwhile, like other proposals, the Cabinet reached no conclusion whether to transfer government funds to BAAC and the Government Housing Bank for relending to low-income earners.
"We consider that it is extremely appropriate to raise the minimum wage. Despite the increase in wages, this one is special given the volatility of oil prices," said caretaker Labour Minister Somsak Thepsuthin after the hours-long meeting at Government House.
The minimum wage is now Bt184 per day......"
Full article http://www.nationmultimedia.com/2006/06 ... 005587.php (http://www.nationmultimedia.com/2006/06/03/business/business_30005587.php)