Minimum wage, debt and power bills on cabinet meeting agenda

The source said another key agenda on the table for Tuesday’s meeting was the consideration of a measure to offer a debt moratorium to small and medium enterprises that are classified as code 21 debtors (more than 90-day late payment).

The measure, proposed by the Finance Ministry, aims to offer one-year moratorium period to those who owe less than 10 million baht, while the government will also subsidise 1% of their interest owed to commercial banks.

The measure is expected to help SME operators, who comprise 99.5% of total code 21 debtors, pay back some 60 billion baht in debts.

The Energy Ministry will also propose to the cabinet a measure to help people in vulnerable groups regarding their electric bills, which are set to rise to 4.68 baht per unit in January, according to the Energy Regulatory Commission’s recommendation.

The measure will cap power bills for certain…