SET-listed Asian Sea Corporation, a Thai frozen food producer, and its subsidiary Asian Alliance International (AAI) are ready to move their production base to Vietnam or the Philippines if the new coalition government raises the daily minimum wage to 450 baht.
President and chief executive Somsak Amornrattanachaikul said the group is preparing to relocate its production and investment bases to Vietnam or the Philippines to expand production capacity if the daily minimum wage is increased to 450 baht.
The Move Forward Party won the majority of seats in the House of Representative in the general election on May 14. The party’s proposed minimum wage hike would affect the industry and the Thai…
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