BANGKOK, 14 June 2012 – The Thai Chamber of Commerce is urging the government to offer more helps to SME business operators, who are facing immense pressure from the new minimum wage rule.
Thai Chamber of Commerce Vice Chairman Bhumindr Harinsuit said that the government’s implementation of the 300-baht minimum wage policy has put SME business operators across the country in a difficult position.
The new minimum wage rule has been declared in 7 provinces since April 1st, and will be in effect in the rest of the provinces on January 1st, 2013.
Mr. Bhumindr is now asking the government to soon come up with new measures to ease the problems faced by SME entrepreneurs.
Meanwhile, the University of Thai Chamber of Commerce’s Economic and Business Forecasting Center Director Thanavath Pholvichai has commented that the business sector has been most worried about the current political situation in the country, as it can boost or shake business confidence, which is essential to the promotion of trade and investment.
He also noted that while big businesses will be able to adjust themselves to deal with a higher minimum wage policy, SME operators will only have to shoulder heavier burden without benefiting from the new rule.
