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Commerce Ministry mulls controlling profit margins

By Petchanet Pratruangkrai
The Nation
Published on July 25, 2008

The profit margins of consumer-goods manufacturers could be controlled if the Commerce Ministry gets its way as part of its plan to curb inflation and relieve consumers' cost burden.

The move followed requests by several companies' to raise prices. Internal Trade Department director-general Yangyong Phuangrach said the ministry was studying three scenarios for controlling goods prices.

"Under the worst-case scenario, we would limit not only the price ceiling of essential products, but also profit margins, in order to ensure fair practice for consumers," he said.

Previously, the ministry calculated the price ceiling of essential goods but decided to leave profit margins intact.

He said the ministry would also introduce other measures to help reduce costs.

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Commerce Ministry mulls controlling profit margins

The profit margins of consumer-goods manufacturers could be controlled if the Commerce Ministry gets its way as part of its plan to curb inflation and relieve consumers' cost burden.

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