Price plunge extravaganza: Nationwide cuts on products and services to boost Thailand economy

A nationwide price reduction on over 150,000 products and services, ranging up to an 87% discount, has been declared with immediate effect in Thailand until the end of December. This is part of the government’s Quick Win policy initiative, aimed at reducing costs, boosting the economy, and expanding business opportunities, stated Commerce Minister Phumtham Wechayachai.

The agreement, reached yesterday, involves 288 business operators consenting to cut prices on their offerings for the next three months.

The participating entities encompass 88 essential consumer goods manufacturers, 83 distributors including modern trade malls, local shopping centres, home decoration and equipment stores, 110 service providers like hospitals and car service centres, 110 logistics companies, and seven online platforms.

The goods affected span three categories: food…