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Economy August 23, 2014 01:00

By The Nation

First 'Cheap Price Fair'

The Commerce Ministry has organised a four-day “Cheap Price Fair”, which runs until tomorrow at Impact Muang Thong Thani.
   Jintana Chaiyawonnagal, director-general of the Internal Trade Department, yesterday said the fairs – of which some 950 will be held around the country over the next year – are expected to reduce the cost of living for consumers by about Bt1 billion. 
   Discounts of 20-40 per cent for food and consumer products will be available at the fairs.
   Meanwhile, the Intellectual Property Department has organised the “OTOP Plus GI 2014” event, which is being held to promote One Tambon One Product and Geographical Indication items from August 28 to September 3 at Central Plaza, Chaeng Wattana.
July auto sales down 
The domestic automotive market has not yet stopped bleeding, with July vehicle sales recording yet another drop from the same period last year.
According to industry-wide data compiled by Toyota Motor Thailand, 69,527 vehicles were sold in the month, representing a year-on-year decline of 29.2 per cent.
However, the bleeding was less severe than in the previous month. Cumulative sales in the first seven months plunged by 39.2 per cent to 510,438 units, compared to the same period last year.