The private sector is ready to help reduce prices of consumer products, including service fees, from 20-87 percent, up to 151,676 items, to help reduce the cost of living for people throughout the country, starting from 1 Oct. – 31. December 2023 first as a New Year’s gift to the people. It is expected that this time the cost of living can be reduced by 2,000-3,000 million baht.

Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Said after meeting with the business sector following the guidelines of the Ministry of Commerce towards driving the government’s urgent policy (Quick Win) to reduce expenses, increase income, and expand opportunities by drawing in 288 entrepreneurs, consisting of product manufacturers. Food and essential items, a total of 88 vendors, including modern trade department stores, local department stores, and home decoration and mechanic equipment stores, a total of 83 vendors, service providers such as hospitals, car service centers and 110 delivery/parcel companies, 7 platforms reduced prices on products and services, a total of 151,676 items, and each platform distributed discount codes for ordering food and purchasing products online, a total of 1,012,000 items, starting from 1 Oct. – 31

Dec. This July

The discounted products are divided into 3 categories: food and beverage categories, such as ready-to-eat food, rice, seasoning sauces, and beverages, a total of 3,058 items, discounts up to 87%, and necessities such as daily necessities. electrical appliance Home decorations – Mechanical equipment Medicines and medical supplies, a total of 8,290 items, discounted up to 80%, and the agricultural factor category, including fertilizers, agricultural chemicals, and animal feed, 198 items, discounted up to 40%. For service groups, divided into 3 categories: medical services category, 140,000 items, discounted up to 20%, repair and maintenance service category Car maintenance: 123 items, discounts up to 50%, and shipping/parcel management category: 7 items, discounts up to 69%.

However, the Ministry of Commerce would like to thank all entrepreneurs who have announced price reductions for their products and services together with the Ministry of Commerce this time. In addition to helping reduce the burden of living expenses on the citizens by approximately 2,000-3,000 million baht, it will also help stimulate spending and drive the country’s economy at the end of the year. Importantly, it helps create a balance for all sectors to benefit together fairly in a Win-win manner for citizens, consumers, farmers and entrepreneurs, whether small or large.

Mr. Wattanasak Suea-iam, Director-General of the Department of Internal Trade, said that this price reduction is only partially due to production factors that affect product costs, such as electricity and oil. Therefore, we must rely on the cooperation of related operators to help reduce costs in areas that can be reduced. However, if the product price has higher costs due to various factors. Products will be reviewed as appropriate. so that all parties can survive Ready to confirm that This price reduction does not result in an increase in product prices.

Mr. Somkiat Marayathorn, Honorary President of the Thai Bag Rice Operators Association, stated that bag rice entrepreneurs are ready to cooperate in reducing product prices. The price of 5 kilograms of jasmine rice decreased by 20 percent, while white rice has high demand and is exported quite a lot. It depends on how much the cost of each entrepreneur can be reduced. Depends on cost

Mr. Phan Paniangwet, manager of the director’s office of Thai President Foods Public Company Limited, a major producer of instant noodles, stated that reducing product prices is possible. Because many parts cooperate, for example, producing instant noodles at 7 baht per pack will have costs including wheat flour, palm oil, electricity, transportation, labor, and even department stores. If some costs are reduced, it can make the product cheaper. But it is not a matter of allowing producers to reduce prices unilaterally.

Source: Thai News Agency