Commerce Minister formally opens New Year Grand Sale 2020

By THE NATION

 

 

Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit on Friday (December. 13) opened the “New Year Grand Sale 2020” campaign at the Ministry’s headquarters in Nonthaburi province.

 

“This campaign is a collaboration between the Ministry’s Department of Internal Trade and private sector bodies including the Thai Retailers Association, the Thai Wholesalers Association, department stores and convenience stores,” he said. “The campaign will be joined by 20,000 partner shops nationwide under 54 entrepreneurs and 52 manufacturers.”

 

 

Jurin added that the New Year Grand Sale 2020 will feature up to 80-per-cent discounts across 10 categories of products, namely food and beverage, personal care, electrical appliances, agricultural equipment, clothes, construction materials, sport equipment, cosmetics, furniture and home decoration, and tyres. “The markdown on tyres will be 20 to 30 per cent and come with special discounts on checkup services,” he added.

 

 

The New Year Grand Sale 2020 will last until January 12 at participating shops nationwide. “The Ministry of Commerce aims to present this campaign as New Year gift for Thai people and support the government’s economic stimulus policy by boosting domestic consumption,” said Jurin. “It is expected that the campaign will help reduce the cost of living burden for low to mid-income earners by 30 per cent or Bt21.6 billion.”

 

Source: https://www.nationthailand.com/news/30379403

 

-- © Copyright The Nation Thailand 2019-12-13

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Markdown sale should be matching the decrease of prices on imported goods due to high baht ( imports are a lot cheaper now but shop prices are unchanged). Just another scam starting to be watered down.

Sold out............to the Chinese

18 hours ago, webfact said:

“The Ministry of Commerce aims to present this campaign as New Year gift for Thai people

Wowser, what next free air nationwide?

Wow. Look at us, we've got companies to offer you a Christmas/New Year sale. 

The government offers nothing, the companies are offering the sale.

Government should govern, businesses should conduct business.

23 hours ago, webfact said:

“It is expected that the campaign will help reduce the cost of living burden for low to mid-income earners by 30 per cent or Bt21.6 billion.”

If that is the case, then I'd expect the CPI for the quarter to be close to ZERO.

Anything higher than 0.5% would be a difficult statistic to spin away if zero CPI didn't occur.