Government asks retailers to slash prices

Breaking News November 13, 2017 10:03

By The Nation

The Internal Trade Department has organized a meeting with the country’s biggest retailers to try to persuade them to cut some of their prices by up to 80 per cent.



The department’s director general, Boonyarit Kalayanamitr, said he had invited representative of manufacturers, retailers, department stores and super stores with more than 13,500 outlets to a meeting with him on Monday afternoon.

He said he would seek their cooperation in reducing prices on more than 10,000 consumer goods items by 20-80 per cent in order to boost people’s spending.

The aim, he said, was to link this new initiative with the government's “shop for the country” project that is running from November 11 to December 3.

The project allows taxpayers to claim rebates on their personal income tax, provided they keep their shopping receipts with the Value Added Tax amounts listed on them.

Boonyarit said he expected the overall shopping project to boost spending by Bt30 billion nationwide.

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