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Commerce Minister Suphajee plans revamp to curb living costs

Commerce Minister Suphajee plans revamp to curb living costs

11 Sept 05:07 Key points summarised by AI
  • Commerce Minister Suphajee Suthumpun is restructuring the Ministry of Commerce, empowering the Department of Internal Trade (DIT) to lead efforts against the rising cost of living amidst economic and geopolitical challenges.
  • The strategic plan involves recruiting specialized talent, deploying more commerce inspectors, forming an advisory team of economists, and adopting a 'cluster model' to foster collaboration across government, private sector, and farmers.
  • The ministry is actively addressing chemical fertilizer shortages and price hikes by negotiating safe passage for stalled shipments, securing alternative supplies from Russia, and planning gradual price adjustments to minimize impact on farmers.
  • Suphajee is engaging with manufacturers requesting price increases for essential consumer goods like bottled palm oil, shampoo, and soap, aiming to stagger any hikes and prevent product disappearances from shelves.
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