For the business owners out there, you may have to pay your staff at a new, slightly higher minimum wage, which is expected to take effect at the end of January.

Labor Minister Pol. Gen. Adul Saengsingkaew said the daily minimum wage may be raised by THB15 per day. Currently, the minimum wage in Thailand varies from THB300 – THB310.

A meeting to discuss the new wage is expected to take place before Jan. 15 as the prime minister wishes to give workers the raise as a new year’s gift, Thai PBS reported.

Gen. Adul said the ministry will consider several factors before making a decision, from the cost of living, to employer’s ability to pay their workers, to the minimum wage in neighboring countries.

Last year, 69 out of 77 provinces got a THB5 to THB10 raise. The daily minimum wage in Bangkok and the metropolis was raised from THB300 to THB310.

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