Tag Archives: Thai Populist Policies

Business owners should adjust themselves and support the new government's plan to increase the daily minimum wage, say economists from the Panyapiwat Institute of Technology and the Thailand Development Research Institute (TDRI).

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.

As expected, the Cabinet quickly approved the huge Bt66-billion budget for its populist policies with the hope of winning majority support in the next general election.