Newly-appointed Commerce Minister Phumtham Wechayachai announced plans to address the rising cost of living. The ministry will analyse the costs of products with a focus on daily necessities. Products that can be reduced in price will be adjusted immediately, while efforts will be made to control the prices of essential items.
Phumtham stated that the ministry is currently analysing the costs of various products and will reduce prices wherever possible. Even if some reductions are not feasible, attempts will be made to minimise costs. The government encourages producers, retailers, and service providers to cooperate in reducing prices and services for the public, aiming to significantly alleviate the burden on citizens within three months.
Poj Aramawattananon, Vice Chairman of the Board of Trade and Managing Director of Sea Value Plc, said the private sector does not want to sell…
