Tag Archives: Pheu Thai Party

Key elements of the incoming government's populist policies, particularly the planned increase in the minimum wage and heavy subsidies, are a major concern for companies, as they fear the measures will slow the business sector down over the remainder of the year and during 2012.

Charoen Pokphand Group, the country's largest agro-business conglomerate, said yesterday that it stood ready to increase minimum wages to Bt300 and new graduates' salaries to Bt15,000 in line with the incoming government's policy pledges, in order to drive the country's growth and domestic consumption.

The Revenue Department is ready to cut the corporate income tax rate, though it is also proposing a rise in the value-added tax (VAT) rate, says Satit Rungkasiri, director-general of the department.

The Democrat Party is seen as having an edge over Pheu Thai in terms of megaproject policies.