‘ Thailand Freezes Prices of Goods’

#AceFinanceNews – BANGKOK – June 06 – Thailand’s Commerce Ministry said on Friday that prices of many consumer goods would be capped for six months to November.

The measure is aimed at holding down living costs and boost the economy and confidence. 

“Producers of 205 categories of necessary consumer goods are happy to freeze prices for six months,”Reuters quoted the ministry’s permanent secretary, Srirat Rastapana, as saying.

Rastapana is acting minister under a military government that seized power on May 22.

The move was announced after a meeting with companies and trade associations.

Straits Times

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