S. Thai Retailers Confirm to join the price fixing, ready to submit 4 measures to top up the economy.
Yon Phokasub, president of the Thai Retailers Association, said Thailand is facing problems caused by rising energy and fresh food prices. Affects the cost of living of all people and at all levels, especially those with low incomes who experience 2 bounce impacts, both in terms of higher living costs. and income that has not recovered from COVID-19 Fixing the prices of consumer products will help people directly.
Since the end of 2021, the association and network partners has tried to help alleviate the burden of the people in various aspects such as allocating good quality products to meet the needs of consumers continuously and work closely with suppliers to fix the prices of essential consumer goods. including members and network members of the association Still maintaining the employment rate of more than 1.1 million rates unchanged.
At the last meeting of the Thai Retailers Association, the Committee still insisted on trying to fix prices of consumer products. In order to alleviate the suffering of the people as much as possible, however, the situation is still very uncertain and must be assessed on a quarterly basis. especially the price of energy and fresh food, which is the main factor of the people’s cost of living problem at the moment.
The association also strongly agrees with various projects. of the government sector that can inject money into the system especially the project Half of the people who go to the government to help alleviate the burden of the people’s expenses. Help motivate Thai people to come out shopping. more usable This is a direct benefit to the overall economy. In addition, another project that came in time is Shop Dee Mee Night. that stimulates spending from people who still have purchasing power It’s a solution to the problem right on the spot. in a short time and use the least budget Although at the time of the start of the project “Shop Dee Mee Night” was the time of the Omicron epidemic, causing Mood to spend less than it should. But it is considered that sales growth of this size is satisfactory. Both of these projects are considered to bring money into the economy that allows Thai entrepreneurs and SMEs to maintain liquidity and maintain employment.
Therefore, the Thai Retailers Association Therefore, we would like to present measures to cooperate with the government sector in helping people and businesses in times of high cost of living and to restore the Thai economy as follows:
Measures on the part of the Thai Retailers Association and suppliers in the network
1. Freeze the prices of consumer goods and essential consumables. which associations and suppliers in network partners confirm to freeze the prices of the products Until the end of the first quarter of 2022, the price fixing policy will be assessed on a quarterly basis.
2. Prepare necessary consumer goods and consumer goods for the people. The association has discussed with the private sector to prepare sufficient stocks to meet the needs of the people.
3. Help revive Thai SMEs The association and network partners will expedite expansion of financing for Thai SMEs through the Bank of Thailand’s Digital Supplychain Finance project. and the Thai Bankers’ Association as well as expanding and increasing sales channels for SMEs in order to create added value for the business. In addition, the association still insists on supporting employment in the retail system at 1.1 million positions.
Measures on the part of the government sector
1. Accelerate the disbursement of budgets and government expenditures with a budget of 3.1 trillion baht to be approved and acted to bring money into the economy asap
2. to stabilize energy prices by taking all measures to support energy prices as long as possible Even if the government has measures to support oil prices, cut the tax rate of excise diesel and other oils by 3 baht per liter for a period of 3 months, this may not be enough. Therefore, additional measures should be considered, such as the use of the Fuel Fund Mechanism. and the issuance of measures to control the price of transportation The shipping cost is considered to be 8-10% of the product cost.
3. Stimulate the purchasing power of the people by continuing to maintain economic stimulus measures such as the Half People Project and the Shop Dee Mee Night project, which the government has already performed well in stimulating people’s purchasing power. and in order to inject money circulating into the system from those who still have purchasing power Ask the government to consider the project Shop well, have more phase two nights. And to extend the project period, including the limit that can be spent, increasing from 30,000 baht to 100,000 baht. Both projects will increase local consumption, which is considered to increase income for entrepreneurs and Thai SMEs. to be able to sustain the business to survive
“The Association and its network partners Confirm to cooperate with the government to help. and reduce the burden of living costs of people, which all sectors must work together to solve this problem as quickly as possible Because this issue is considered a national agenda that cannot be solved by just one agency. This collaboration So it’s the most important thing. in order not to halt the economic recovery of the country And our country will come back stronger than before,” concluded Mr. Yon.