巴新最低工资标准上调

Group 1 - The new minimum wage standard of 5 kina per hour will take effect on January 1, 2026, with phased increases planned to 5.25 kina in January 2027 and 5.5 kina in January 2028 [1] - The current minimum wage of 3.5 kina has remained unchanged since 2014, and the increase is based on national consultations initiated last year to address challenges faced by the labor force and economy [1] - Companies that have applied for exemptions under agricultural or inability to pay categories are permitted to pay below the new minimum wage of 5 kina [1] Group 2 - The executive director of the National Research Institute emphasizes the need for improved business conditions, including good governance and rule of law, before the new minimum wage standard is implemented [2] - Enhancements in business conditions are expected to lower costs and promote investment in productivity, enabling companies to pay competitive wages and improve household income and savings [2]