Thailand - The election of the prime minister of Thailand has shown a victory for a beautiful woman named Yingluck Shinawatra. The 44-year-old woman who is also chairman of Pheu Thai party which won elections with a landslide defeat rival Abhisit Vejjajiva who is prime minister in power today (06/07).
Sinawathra which will become the first female PM in Thailand is the younger brother of former PM Thaksin Sinawathra which is currently in exile in Dubai since the case involved abuse of authority. Victory followed victory Yingluck Sinawathra Pheu Thai Party which won 265 of 500 seats in parliament.
Following the official voting results of the Thailand's central bank expressed concern that a victory by Pheu diperole Sinawathra Thai and will result in a threat of inflation for the country. Businessmen began to worry about wage inflation in line with the party's election promises and Sinawathra on wage increases, household debt moratorium and the provision of health facilities and better welfare.
One proposal called for by the Thai and Sinawathra Pheu is in Thailand to raise the minimum wage to 300 baht (9.8 dollars) per day, which is 90% higher than the current wage rate.
With the wage rate is estimated entrepreneurs will not be able to bear it. There are two things that can be done by employers to accept reduced profit margins or raise prices and push inflation. This condition will cause a wage inflation spiral.
Thailand's central bank governor Prasam Trairatvorakul stated that high rates of inflation will result in the ability of buyers terhantamnya community that will have an impact in declining consumption. Thailand's annual inflation reached 19.4% in May, the highest since September 2008. In June inflation softened to a level of 4:06%.
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