WAGE HIKE
FTI wants B20bn SME rescue fund
- Published: 15 Jan 2013 at 00.00
- Newspaper section: Business
The private sector is proposing the government set up a 20-billion-baht fund to help small and medium-sized enterprises (SMEs) cope with the nationwide minimum wage hike.
Payungsak Chartsutthipol, chairman of the Federation of Thai Industries (FTI), said the government's package to ease the strain is insufficient for affected SMEs.
The daily minimum wage was increased to 300 baht at the start of the year. Earlier this month, the government introduced four measures including a corporate tax reduction to help alleviate the impact on SMEs.
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