Thursday, March 3, 2011

Thai-ASEAN News Network

The prime minister says the palm oil crisis is easing and that the government will reassess the situation next week.

He also hinted at a possible minimum wage increase in a bid to deal with surging goods prices.

During his weekly television address, Prime Minister Abhisit Vejjajiva said regarding the current palm-oil crisis that the situation is improving, with oil palm outputs expected to pick up and eventually help bring an end to the domestic shortage.

He said that the government will reassess the situation next Tuesday.

The premier told the public not to panic and stock up palm oil, affirming that the pink-capped palm oil will be available nationwide in two days, at the price of 47 baht a bottle.

Concerning rising goods prices, Abhisit explained that a surge in goods prices is a global issue, and he said his administration is currently considering further increases to the minimum wage as part of their measures to deal with the problem.

He went on to say that prices have recently gone up sharply due to zooming oil prices which is an effect of the ongoing protests in the Middle East.

Abhisit affirmed the use of the state Oil Fund to subsidize diesel, natural gas for vehicles or NGV, and liquefied petroleum gas or LPG.

Regarding progress on the national reform under the Strong Thailand scheme, Abhisit said at least 400,000 unregistered workerS will be enrolled in the state's social security system during the first phase of the program.

As with the five billion baht loan scheme for informal workers, he said it is proceeding on schedule in the metropolitan area, and is now expanding to the provinces.


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