Thailand Politics

The incoming government should review its policy to raise the daily minimum wage to 300 baht because manufacturers would not be able to carry the added labour cost, the chairman of Khon Kaen Federation of Industries said on Wednesday.

According to the Deputy Director, the Thailand Ministry of Education is warning all schools who offer Education Visas to foreigners to be legitimate and make sure students adhere to attendance and testing requirements.

Bank of Thailand expects a mild impact on inflation if the minimum wage hike is raised to Bt300 as campaigned by the Pheu Thai government, on anticipation that the increase would be gradual.

As the dust settles on Pheu Thai’s landslide victory, the political situation in Thailand has become clearer but the economic situation for the property sector is still ambiguous.

Stock investors reacted positively to the election result, with the Stock Exchange of Thailand Composite Index opening 33.48 points or 3.21 per cent higher.

If implemented, the political parties' election campaign promises, and their populist policies in particular.

A Thai Cabinet meeting, in early May, approved a proposal to add six European countries to its 30-day visa exemption list.

Securities analysts have a positive view of the Thai stock market after the general election due to growing earnings.

The Thai Chamber of Commerce (TCC) has expressed strong concern over populist policies launched by political parties that it says will undermine consumer and investor confidence.

The dispute between the National Telecommunications Commission and CAT Telecom over the licensing of third-generation high-speed cellular networks will not be resolved.