Retail in Asia

In Shops

Thailand’s budget brands proposed

The Thai government should help consumers cope with rising food prices by asking large businesses to offer some of their products at a 10-20 percent lower price, says Pornsil Patcharintanakul, vice-chairman of the Thai Chamber of Commerce.

Recent schemes by the government including the Blue Flag, Took Jai (favourite), Took Tang Paendin (cheap nationwide shops) and price controls for four months are short-term measures, but over the long term, staples such as rice could affect the price of khao kaeng (rice with curry), which should always be cheap to help poor people, said Pornsil.

The chamber would like to see 20-30 staples sold at large businesses or modern trades 10-20 percent cheaper, said Pornsil.

(Source: Bangkok Post)