Nationwide cuts on products and services to boost Thailand economy

[webfact]

 

A nationwide price reduction on over 150,000 products and services, ranging up to an 87% discount, has been declared with immediate effect in Thailand until the end of December.

 

This is part of the government’s Quick Win policy initiative, aimed at reducing costs, boosting the economy, and expanding business opportunities, stated Commerce Minister Phumtham Wechayachai.

 

The agreement, reached yesterday, involves 288 business operators consenting to cut prices on their offerings for the next three months.

 

The participating entities encompass 88 essential consumer goods manufacturers, 83 distributors including modern trade malls, local shopping centres, home decoration and equipment stores, 110 service providers like hospitals and car service centres, 110 logistics companies, and seven online platforms.

The goods affected span three categories: food and beverages, essentials, and agricultural inputs. The first includes processed food, rice, seasonings, and beverages, totalling 3,058 items with a maximum discount of 87%.

Essentials, comprising daily necessities, electrical appliances, home decoration, tools, medicines, and medical supplies, make up 8,290 items with a top discount of 80%.

 

by Alex Morgan

Photo: by Vecstock, on Freepik.

 

Full story: The Thaiger 2023-10-03

 

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[mfd101]

Whoopee!  Down to Lotus, everyone, to boost the economy.

[daveAustin]

Take the ridiculous taxes off wine, beer and supposed ‘luxury’ items. I don’t care about 1 baht off a packet of Mama!

[FritsSikkink]

1 hour ago, daveAustin said:

I don’t care about 1 baht off a packet of Mama!

Poor Thai will, which is much more important.

[JackGats]

More hand-outs.

[Baht Simpson]

3 hours ago, webfact said:

110 service providers like hospitals...

Good time to have a heart attack.    ???? 

[trainman34014]

They talk this junk every year at sometime but when you check out Supermarket prices very little has changed apart from pricing in the wrong direction !

[Middle Aged Grouch]

Really ? 3bb internet has increased it's rates for fiber towards it's old customers...so where is the price drop ?

[transam]

2 minutes ago, Middle Aged Grouch said:

Really ? 3bb internet has increased it's rates for fiber towards it's old customers...so where is the price drop ?

When was this, just paid my 3BB, it's the same as it has been for many years......????

[GreasyFingers]

1 hour ago, transam said:

When was this, just paid my 3BB, it's the same as it has been for many years......????

Actually mine went down a couple of baht +satang last month. Have no idea why as you said it has been the same for years.

[Digitalbanana]

Shouldn't the subject title be Nationwide Price Cuts rather than Nationwide Cuts?

[RichardColeman]

6 hours ago, webfact said:

A nationwide price reduction on over 150,000 products and services, ranging up to an 87% discount,

Anyone care to explain how you can sell something decent at a 87% discount and make money on it ? 

[proton]

Thought it was about the building society cutting interest rates! No doubt this will lead to more mistakes, lower price on the shelves but old higher price at the till, happens all the time as it is.

[transam]

2 hours ago, Middle Aged Grouch said:

Really ? 3bb internet has increased it's rates for fiber towards it's old customers...so where is the price drop ?

Just checked my 3BB bill, 631 bht, it has been the same since I signed up, probably 12+ years back, fiber optic supply, a free upgrade, and 1GB to use...????