Business sector feels pinch of govt’s minimum wage hike

BANGKOK – The Pheu Thai-led coalition government’s planned 300 baht daily minimum wage hike has forced some businesses to shift their production bases to areas bordering Cambodia and Myanmar, the Employers’ Confederation of Thailand (ECOT) told a seminar on Monday. At a seminar on implementing the Bt 300 daily minimum wage policy held here by ECOT and the International Labour Organisation (ILO),  ECOT President Anantachai Khunanantakul warned that the government’s planned wage increase would inevitably hurt tens of thousands of small and medium-sized enterprises (SMEs) as well as subcontractors. “ Some electronics entreperneurs have relocated their plants to Sa Kaeo province’s Aranyaprathet district bordering Cambodia and Tak province’s Mae Sot district bordering Myanmar,” Mr Anantachai said.