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Bangkok Post
Bangkok Post
Business

Warning over minimum wage increase

Minimum Wage
Labourers work at an expressway construction site. (File photo)

Contractor Nawarat Patanakarn Plc says an increase in the daily minimum wage to 450 baht could reduce its gross margin to 3-4%, from the current 5-6%.

Pasan Swasdiburi, senior vice-president for the company's new business and strategic planning department, said a sudden wage hike would affect the firm's backlog, which is valued at 32.5 billion baht.

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