Bank Of Baku

Retail prices will not rise on goods in Thaliand for another four months

Retail prices will not rise on goods in Thaliand for another four months
# 16 May 2012 12:42 (UTC +04:00)
Baku - APA-Economics. The Commerce Ministry yesterday successfully pushed for 200 manufacturers to maintain retail prices on goods for another four months - but without any supporting measures when this period expires.

Commerce Minister Boonsong Teriyapirom met yesterday with representatives of businesses that cover 90 per cent of the country’s goods trading. During the meeting firms complained that the price freeze policy undermined business growth. They said it would also affect future expansion, as the policy has hit their profit margins.

Boonsong convinced businesses to freeze the price of goods and food from May 15 till September 15. However, the ministry did not promise any measures to offset producers’ burdens that would stem from the price freezing policy.
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