Living cost occupies Yingluck’s talk show

Published on February 25, 2012 by TFP   ·   1 Comment

BANGKOK, 25 February 2012 – Consumer product prices are the main topic of this Saturday’s government talk show which was held at Minburi Fresh Market.

PM Yingluck Shinawatra, joined by Commerce Minister Boonsong Teriyapirom and Wacharee Wimuktayon Director-General of the Internal Trade Department (ITD), stressed that fair pricing would be one of the top priorities for the government.

The PM said effective pricing management would be the government’s first option rather than price intervention so that consumers can be reasonably charged for food and services, and producers can be fairly treated.

Ms Yingluck disclosed that she had assigned Commerce Minister Boonsong Teriyapirom to keep a close watch on food staples like pork and chicken meat.

The premier also admitted egg farmers were facing a sharp drop in prices due to the oversupply led by the import of layer chickens. She added that the government would try to help agro producers to lower their capital cost, for example, by finding ways to cut fuel and transport expenses, and promoting food preservation.

As for the consumers, the government plans to increase the number of Blue Flag shops from 5,000 to 8,000 to give them better access to inexpensive products. Its target is to set up at least a Blue Flag shop in each community.

The Commerce Ministry has formed a center aimed at solving living expense problems. The center can be reached by its 1569 hotline.

(NNT : Vipaporn Pooritanasarn)


Readers Comments (1)
  1. Douglas Thanpornisarn says:

    Let me get this straight: Yingluck wants to raise the price of rice, and raise the minimum-wage — but she wants to reduce the cost of living. How exactly does she think the economy works? These aren’t separate and unrelated items that she can pick and choose from off a menu. This is an integrated system. Raise the minimum wage, and the cost of living goes up. Raise the price of rice and the price of food goes up.

    Yingluck is playing with fire. Ultimately, as all populist Prime Ministers do, she will opt for inflation. It’s the only way to give the people what they want. And in the end, the baht will collapse like it did in 1997.

    We have seen this movie before. I am worried for Thailand.

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