Thai govt asks retailers to slash prices

[webfact]

Government asks retailers to slash prices

By The Nation

 

The Internal Trade Department has organized a meeting with the country’s biggest retailers to try to persuade them to cut some of their prices by up to 80 per cent.

The department’s director general, Boonyarit Kalayanamitr, said he had invited representative of manufacturers, retailers, department stores and super stores with more than 13,500 outlets to a meeting with him on Monday afternoon.

 

He said he would seek their cooperation in reducing prices on more than 10,000 consumer goods items by 20-80 per cent in order to boost people’s spending.

 

The aim, he said, was to link this new initiative with the government's “shop for the country” project that is running from November 11 to December 3.

 

The project allows taxpayers to claim rebates on their personal income tax, provided they keep their shopping receipts with the Value Added Tax amounts listed on them.

 

Boonyarit said he expected the overall shopping project to boost spending by Bt30 billion nationwide.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30331465

 

-- © Copyright The Nation 2017-11-13

[worgeordie]

Boost spending,or deeper in debt. they want to do something about the high prices of fruit and veg.

regards worgeordie

[al007]

35 minutes ago, webfact said:

to persuade them to cut some of their prices by up to 80 per cent

Wow there must be a lot of gouging of customers

 

How about the govt cutting fuel prices

[idman]

Can't have the average or below average Thai get deeper and deeper into debt.  With household debt at an alltime high and no end in site this is the best they can come with?  Non performing loans AKA bad loans are in a similar situation.  But the Government wants the Thai people to go out and shop till they drop and dam the consequences???  Oh please oh please Mr. Businessperson lower your prices, it will be good for the Thai economy and save us a loss of face by being able to tout how much the people have spent.

[colinneil]

This is a typical Thai attitude live for today, worry about tomorrow, tomorrow.

Brain dead idea, from a brain dead government official.

[janclaes47]

1 minute ago, colinneil said:

This is a typical Thai attitude live for today, worry about tomorrow, tomorrow.

Brain dead idea, from a brain dead government official.

Since when does a Thai think about tomorrow?

[janclaes47]

1 hour ago, webfact said:

The Internal Trade Department has organized a meeting with the country’s biggest retailers to try to persuade them to cut some of their prices by up to 80 per cent.

 

As I don't think it is considered that the retailers will sell at a loss, it becomes clear that this is pure greed and rip off, if a business would be able to reduce prices with 80% and still make a profit.

[Airbagwill]

Most Thai retail is subject to a small but powerful number ofCartels who regulate both the supply and price of retail goods - this is clearly demonstrated in the uniformity of pricing and the uniformity of reductions in sales. Bears no relationship to the individual business's needs to clear stock but is determined by the amount of discount the suppliers will allow.

[edwinchester]

How about cutting import tax?

 

[coulson]

1 hour ago, webfact said:

He said he would seek their cooperation in reducing prices on more than 10,000 consumer goods items by 20-80 per cent in order to boost people’s spending

Surely they would just spend the same!!!???

[Airbagwill]

1 minute ago, coulson said:

Surely they would just spend the same!!!???

perhaps you should look at Alibaba's "11/11"?

[Airbagwill]

8 minutes ago, edwinchester said:

How about cutting import tax?

 

doesn't help home industry.

[55Jay]

We don't do a whole lot of discretionary shopping here because anything of reasonable quality isn't good value IMO, or in the back of my mind, always wondering about counterfeit krap.   And the shops that always have 70-80% off sale signs up give me a laugh, as well as this "SHOCK PRICE!" nonsense.  Yeah, shocking alright!  555!

 

Typically just wait until the next trip to the US to refresh the wardrobe, accessories and electronics.  Always seem to find real sales, and great finds at those end of season/unsold stock/model close out consolidators.

[Farangdanny]

How often posts on here are so negative about Thai life/society/people etc. It's disgraceful. Often the same posters. Why don't you just go home to where you came from.

[saakura]

1 minute ago, Farangdanny said:

How often posts on here are so negative about Thai life/society/people etc. It's disgraceful. Often the same posters. Why don't you just go home to where you came from.

Most of those bitter posters have no home to go back to. Which is one of the main reasons for negativity in their lives!!

[jinners]

2 hours ago, al007 said:

Wow there must be a lot of gouging of customers

 

How about the govt cutting fuel prices

 

"How about the govt cutting fuel prices", I thank the govt every time I fill up for the fuel prices. Half the price of the robbing bastards in the UK

[ZeVonderBearz]

42 minutes ago, Farangdanny said:

How often posts on here are so negative about Thai life/society/people etc. It's disgraceful. Often the same posters. Why don't you just go home to where you came from.

Who's pulled the wool over your eyes? It's an online forum, people are allowed to vent. Thailand has some fundamental issues and it's not always possible to talk about them in public or to Thais so people turn to forums, like this one. 

[Dave67]

They just spend all their money and stockpile the cheap shit until the price goes back up

[Guderian]

3 hours ago, al007 said:

Wow there must be a lot of gouging of customers

 

How about the govt cutting fuel prices

 Or what about reducing the ridiculous levies and duties on beer and wine?

[Dave67]

54 minutes ago, Farangdanny said:

How often posts on here are so negative about Thai life/society/people etc. It's disgraceful. Often the same posters. Why don't you just go home to where you came from.

I think you should go home to be fair mate if you are so naive you can't see scams until you fall over them in street

[eddie61]

2 hours ago, idman said:

Can't have the average or below average Thai get deeper and deeper into debt.  With household debt at an alltime high and no end in site this is the best they can come with?  Non performing loans AKA bad loans are in a similar situation.  But the Government wants the Thai people to go out and shop till they drop and dam the consequences???  Oh please oh please Mr. Businessperson lower your prices, it will be good for the Thai economy and save us a loss of face by being able to tout how much the people have spent.

 I think it is good for Thai people to be in debt. They need it as a stimulus to industry, otherwise they would not get up in the morning

 

[Dave67]

4 minutes ago, eddie61 said:

 I think it is good for Thai people to be in debt. They need it as a stimulus to industry, otherwise they would not get up in the morning

 

it's a good stimulus to pay a decent wage not burdening people with debt

[maxisrael]

They slash the prices already ! a pack of Allowrie butter 454 grams went from 175 to 220 baht and my favorite jam stayed at the same price of 125 Baht BUT went from 400 gram to 340 gram LESS 15 % ! and it does not stop there........................

[mark01]

Why not stop propping up the Thai baht.

Everyone's a winner

[RichardColeman]

Why would you slash prices in an economy that according to the PM is booming ? Something's a miss Sherlock 

[NextStationBangkok]

What can you expect, when import tax is 300% ?

 

I see, most big brands are 3 times more expensive than Amazon.com price.

 

Most malls are good for Arab customers, that is going to be terrible soon, since Saudi Royals are cracking down corrupt people.

 

What about Tom-Yam/ any other popular dishes sold for 250-300 Baht at big malls ?

 

Better keep away from big malls, they big polluters, and looters. Similar stuff can be bought for 1/5 of the price somewhere outside, or order online.

 

Better keep the money at bank, buy 199 stuff for your use. Spent money will never return back. Saving will help you have dignified life in the future without worries.

[pattayadon]

1 hour ago, Farangdanny said:

How often posts on here are so negative about Thai life/society/people etc. It's disgraceful. Often the same posters. Why don't you just go home to where you came from.

Farang Danny..... This forum is NOT for you. Good by!

[chainarong]

Perhaps lifting wages from 1992 level , 10 thousand Baht a month then, with three quarters of the population still on this rate 2017 ,  then people might be able to afford to buy, the whole wages structure of Thailand is bad industrial law , it favors' one section of the population......................................

[toybits]

The private sector, the commercial and retail industry is not something that you can just give control by giving them a command.  Jump! and they won't jump because their action is determined by market forces and confidence (or lack of) in the economy.  This is the problem when you have someone who is so incompetent running the show.

 

Sound economic policies, strong confidence in the economy are what they are looking for. Issuing commands do not work.

 

[overherebc]

3 hours ago, edwinchester said:

How about cutting import tax?

 

Can't, no way, impossible. Imagine the number of people who would become alkies when they get hooked on really good quality wine.