BANGKOK, NNA - Japanese firms operating in Thailand intend to carry out wage hikes this year, thanks to a brighter economic outlook in the Southeast Asian country.
According to a survey by the Japanese Chamber of Commerce, Bangkok, member manufacturers and non-manufacturers plan to raise wages by 4.8 percent and 4.9 percent on a median figure basis, up 0.2 and 0.3 percentage points from the previous year, respectively.
Japanese subsidiaries and affiliates in Thailand's manufacturing sector will implement higher salary increases for two years in a row, while those in the non-manufacturing sector, including representative offices, will do so for the first time in three years, the survey found.
Japanese firms in Thailand as a whole are raising wages every year, although average monthly salaries in the country have not grown since the onset of military government in 2014, said Kazuma Takago, first secretary at the Japanese Embassy in Bangkok.
The survey results are based on data collected from 568 companies among the chamber membership in April. (NNA/Kyodo)