Thailand to relaunch 7-day discount scheme
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Thailand plans to reintroduce its initiative to cut consumer prices after the seven-day campaign last 24-30 Dec as part of a New Year gift to the public proved a great success.
The new campaign could be held in May and might be extended to 10 days, Commerce Minister Chatchai Sarikulya said on Tuesday after meeting with 35 representatives of modern trade outlets, manufacturers and rice packers.
Under the seven-day campaign, retailers and suppliers agreed to cut their product prices at 12,800 outlets nationwide by 10-70 percent.
Questions & Answers
Q.What was the previous discount scheme's duration and when did it take place?
What was the previous discount scheme's duration and when did it take place?
The previous discount scheme lasted for seven days, running from 24th to 30th December. It was implemented as a New Year gift to the public, offering price cuts of 10-70 percent.
Q.Which types of businesses participated in the earlier price-cutting initiative?
Which types of businesses participated in the earlier price-cutting initiative?
Retailers and suppliers agreed to cut product prices at 12,800 outlets nationwide during the previous campaign. This included modern trade outlets, manufacturers, and rice packers.
Q.When is the upcoming discount campaign expected to be held, and how long might it last?
When is the upcoming discount campaign expected to be held, and how long might it last?
The new campaign is tentatively scheduled for May. It is currently being considered for an extended duration, possibly lasting up to 10 days, compared to the previous seven-day period.
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