17 Occupational sectors: The Cabinet taps the highest wage per day to 715 baht. The IMF indicates that the year 2023 slows down. Thailand expects GDP to grow by 3.6%. People with houses are flooded with interest rising by 1%. Home loan increases by 8%.
On February 1, reporters reported that Mr. Suchart Chomklin Minister of Labor gave an interview on January 31 that the Cabinet meeting approved the announcement of wage rates based on skill standards for workers in 3 occupational groups, 17 sectors, to encourage workers to pass the skill standard test. in each occupation and each level receive reasonable and fair wages in line with skills, knowledge, abilities and employment in the labor market
For workers in 3 occupational groups, 17 branches, including industrial technicians such as transmission system mechanic level 1, wage rate is not less than 495 baht per day, mechatronics and industrial robots level 1, wage rate is not lower per day. more than 545 baht, level 2 not less than 635 baht per day and level 3 not less than 715 baht per day, mechanical technicians such as agricultural tractor mechanics, level 1, wages not less than 465 baht per day, level 2 not lower more than 535 baht per day and level 3 not less than 620 baht per day, etc.
Wage rates according to workmanship standards 112 branches have been announced before, and when an additional 17 branches are announced, the total is 129 branches, making it more comprehensive in occupations that require skilled workers.
The Thai economy is not recovering widely, GDP is expected to grow by 3.6%.
Mr. Phiphat Luengnaruemitchai chief economist Kiatnakin Phatra Securities Public Company Limited said Kiatnakin Phatra Economic Analysis Center (KKP Research) has revised its forecast of Thai economic growth this year from 2.8% to 3.6%, driven by the recovering tourism sector. and the opening of the country faster than China’s expectation As a result, the number of tourists this year is expected to reach 25 million people, driving the Thai economy to expand. Despite the risk from the economic situation outside the country, however, the export sector is still a major problem. From the December 2022 export figure, it was 14% negative for 3 consecutive months and it was expected that exports would expand by 1-2% due to the global economic slowdown. This impact made the Thai economy recover unevenly and unequally. The service sector, the tourism sector will recover, while the export sector, the manufacturing sector will shrink.
Mr. Pipat said direction of interest rates Although inflation tends to slow down and may return to the Bank of Thailand’s (BOT) target of 1-3% in the middle of 2023, with Thailand’s policy interest rates rising slower than other countries. That maintains high interest rates, therefore believes that the BOT continues to gradually adjust interest rates to normalcy
“I would like to leave this to political parties on issues that make policies. may question those who propose to act as leaders of this country In addition to populist policies to stimulate the economy in the short term How will the structural policy issues of Thailand be added? Because if you haven’t done anything yet believe that the Thai economy may grow at a slower pace And there are subsequent problems such as opportunities, social and economic class shifts. and long-term competitiveness of the country, ”said Mr. Pipat.
postpone the announcement of the results of the new poor people card
A news report from the Ministry of Finance indicates the progress of qualification checks. Registration project for state welfare (poor card) new round 2022 Originally scheduled to announce results within January that Upon examination of the information, it was found that it was necessary to postpone it. due to the qualification data Must be audited by multiple authorization agencies. In order for the examination to be accurate, complete, complete, therefore, the announcement of the result of the new round of examination of the poor card qualifications will be postponed first, but will speed up the completion and announce to the public as soon as possible. Registrants can follow news and project details through the website. https://government welfare card.mof.go.th or https://welfare.mof.go.th Initially, it is expected that the number of eligible recipients will increase from the current 13 million to almost 20 million.
8% interest increase on home loan
Miss Kessara Thanyalakpark Managing Director of Sena Development Public Company Limited or SENA said that an increase in interest rates by another 0.25% per year affects real estate developers, with increased costs and expensive home buyers with installment obligations. house rose In which interest increases every 1%, resulting in an additional 7-8% burden on home loans, and the increase in electricity costs for Sena’s business is not affected much. May be good in terms of making people turn to install solar power generation systems on the roof or solar rooftop. which are more affiliated businesses of the Company to stop the electricity bill But the market has enormous price competition.
IMF predicts 2023 economic slowdown
Reuters reports that International Monetary Fund (IMF) announced that the global economy is likely to slow this year. before recovering next year But it has slightly raised its global economic growth forecast for 2023 due to rapidly recovering demand in the US and Europe. which makes energy costs more relaxed and the opening of China after the zero-covid policy was lifted.
The IMF lowered global growth this year to 2.9% from 3.4% in 2022, a slight improvement from last October’s 2.7%, warning that the world could enter a deeper recession. The economy is easy, while in 2024, the IMF indicates that global growth will recover slightly to 3.1%.
Mr. Ière-Olivier Gurinchas The IMF’s chief economist said the risk of a global recession was reduced. Many central banks have made progress in controlling inflation. But more work is still needed to control prices. and potential new disruptions from the escalating war in Ukraine. The economies of China and India, the two main drivers of Asia’s economy, will account for more than 50% of global economic growth this year.
