webfact Posted January 8, 2015 Share Posted January 8, 2015 Commerce to cut prices of consumer productsBANGKOK: -- More than 40 items of consumer products will come under price revision to reflect actual costs after the government has cut retail oil prices several times but prices of these products remained unchanged.Commerce Minister General Chatchai Sarikalya said that he has ordered the Internal Trade Department to speed up its study on real cost of consumer goods, especially the 43 items under the price control list, in the light of the lowering oil prices.He advised them that the report should be completed by the end of this month.Gen Chatchai said the ministry will cut prices of these goods if it is found that their production cost is lower.According to the minister, in studying production cost of consumer products, the Internal Trade Department will look into oil price and their labour and raw material costs.Gen Chatchai said the department has already discussed with local retailers about its planned cut of goods prices.The department has also instructed retailers to attach price tag to some 200 products with volatile price, he said.Source: http://englishnews.thaipbs.or.th/commerce-cut-prices-consumer-products -- Thai PBS 2015-01-08 1 Link to comment Share on other sites More sharing options...
JOC Posted January 8, 2015 Share Posted January 8, 2015 When will they ever learn?? Let the market decide the prices without government interventions!! Only patch-work anyway!! 2 Link to comment Share on other sites More sharing options...
Popular Post tom21 Posted January 8, 2015 Popular Post Share Posted January 8, 2015 I bet the price of beer does not go down 5 Link to comment Share on other sites More sharing options...
TheSiemReaper Posted January 8, 2015 Share Posted January 8, 2015 A market only works if it is actually free. The reason that regulators interfere is that most markets are not free they are effectively monopolies with a few fronts... when prices of oil go down; the savings should be passed on to consumers. But why bother? They're used to paying higher prices - so milk them a bit more. It's not like they have an alternative supply line is it? People who believe in the fairness of markets must believe in the tooth fairy and Father Christmas as they are both as likely to exist as a fair market in this world. Link to comment Share on other sites More sharing options...
selftaopath Posted January 8, 2015 Share Posted January 8, 2015 I'd personally like govt. tax on new automobiles/pick up trucks (made in Thailand) reduced to reasonable rates. Yea I understand a/b "overcrowded" roads etc. But ...... really. Link to comment Share on other sites More sharing options...
chooka Posted January 8, 2015 Share Posted January 8, 2015 Why is the Junta claiming the accolades for the cut in oil prices, the had nothing to do with it. It is a global thing, do they really think people are that stupid? Link to comment Share on other sites More sharing options...
noitom Posted January 8, 2015 Share Posted January 8, 2015 Thais keep laying on those government subsidies. Thais are happy with these gifts. Link to comment Share on other sites More sharing options...
JOC Posted January 8, 2015 Share Posted January 8, 2015 I bet the price of beer does not go down Yes, who cares about the prices of food, fuel, electricity, water or clothing, when we have the important beer prices as measurement for a happy society?? Lord have mercy.............................. Link to comment Share on other sites More sharing options...
worgeordie Posted January 8, 2015 Share Posted January 8, 2015 Bringing prices down is a very difficult task,they rise very easily,the manufacturers think the public are buying my product at xx,why should i lower the price even though the costs of production,delivery have all fallen. regards worgeordie Link to comment Share on other sites More sharing options...
ToddinChonburi Posted January 8, 2015 Share Posted January 8, 2015 Does this mean my bowl of tum yum will go down to 30 baht ? Link to comment Share on other sites More sharing options...
wesleyh Posted January 8, 2015 Share Posted January 8, 2015 What i personally wunder is this: is the producer of these items making the biggest profit or are the shops making the biggest profit ? I would suggest that perhaps the government take a look at and perhaps try to find a way to increase competition. If it's the retailers then more big discount retailers are required perhaps someday a Lidl, Aldi, Wall mart could open in Thailand if this is not the problem and it's the producers who have a very great profit margin then more competition is required in that certain area. Perhaps (and this is only my personally opinion) the government could do a better job by making it easier for foreign competitors to be active on the thai market. When prices of certain items are high and keep rising one should not fight the symptoms (by trying to lower the prices of these items directly) but one should take the root cause of the problem namely a lack of competition in that certain area of the market. The government can make a huge difference but i'm not sure by lowering the prices directly this is the way of doing things on the long run but on the other hand who i'm a to say something, after all i'm just a normal citizen not a policy maker it's easy to come up with ideas(the citizens part) but it's harder to implement them and keep everybody happy at the end of the ride(the policy makers part). Link to comment Share on other sites More sharing options...
binnsy1 Posted January 8, 2015 Share Posted January 8, 2015 Leo on the way down same as the GBP 1 Link to comment Share on other sites More sharing options...
apetley Posted January 8, 2015 Share Posted January 8, 2015 If this is the same returning happiness to the people New Year style price reduction it will be another non event I suspect. Link to comment Share on other sites More sharing options...
elgordo38 Posted January 8, 2015 Share Posted January 8, 2015 I bet the price of beer does not go down Beer must almost be at a price where brewing your own is competitive. Any malt here on store shelves? Link to comment Share on other sites More sharing options...
rethaier Posted January 8, 2015 Share Posted January 8, 2015 Why is the Junta claiming the accolades for the cut in oil prices, the had nothing to do with it. It is a global thing, do they really think people are that stupid? Not only YES. Also, the people are that stupid and probably ignorant of world affairs also. Link to comment Share on other sites More sharing options...
anon022 Posted January 8, 2015 Share Posted January 8, 2015 (edited) When will they ever learn?? Let the market decide the prices without government interventions!! Only patch-work anyway!! Just look at Singapore and Hong Kong what detrimental effect that would have on lower household incomes. Welcome to Hong Kong. Have a seat! Or better yet, sit on the floor in front of my cage. Edited January 8, 2015 by Impossible 1 Link to comment Share on other sites More sharing options...
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