Wed Sep 25 03:44:45 UTC 2024: ## Thailand’s New PM Vows to Implement 400 Baht Minimum Wage This Year

**Bangkok, Thailand** – Prime Minister Paetongtarn Shinawatra today reaffirmed her government’s commitment to implementing a 400 baht minimum wage within this year, despite the tripartite wage committee’s failure to reach an agreement on the issue.

Speaking after a cabinet meeting, Paetongtarn acknowledged the government’s commitment to increasing the minimum wage but stressed the need for a consensus with the committee, which includes representatives from labor, business, and the government. She indicated that the government is actively pushing for a timely decision from the committee.

The current minimum wage ranges from 330 to 370 baht, depending on the region. While acknowledging potential obstacles and the need for further discussion, Paetongtarn emphasized that the government aims to implement the wage hike before the end of the year.

Meanwhile, Finance Minister Pichai Chunhavajira announced that the government will discuss the inflation target and the strong baht with the Bank of Thailand next week. This comes as the government advocates for a cut in the current 2.50% interest rate, aiming to boost economic growth.

The government’s push for a rate cut aligns with former Prime Minister Srettha Thavisin’s previous stance. The current inflation rate stands at 0.35%, and the country’s economy is projected to grow 2.6% this year.

The government’s economic recovery plan includes a 450 billion baht stimulus package and the planned increase in the minimum wage, highlighting its commitment to tackling economic challenges and promoting growth.

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