Businesses asked to freeze prices

BANGKOK - The Ministry of Commerce Minister on Wednesday ordered the Department of Internal Trade to ask manufacturers to maintain their current product prices for at least three more months.

  • Published: 16/01/2013 at 07:50 PM
  • Newspaper section: breakingnews

Watcharee Wimuktayon, permanent secretary for commerce, said the department had been directed to conduct a survey on product prices and determine which manufacturers can cope with the government's 300 baht daily minimum wage, which was enforced nationwide on Jan 1.

She said they will be urged not to raise their prices for three more months, as recommended by the cabinet resolution.

It was expected basic prices will remain unchanged as most major manufacturers, such as Sahapat Group and Unilever, could still shoulder the cost, she said.

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