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Commission preps digital guidelines
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Commission to set guidelines for digital platforms, prices
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Panel mulls online food delivery fee revamp
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Eateries, vendors decry commissions
1 Food delivery bikes line up in front of a mall in the Ratchaprasong-Siam area. (Photo by Apichart Jinakul)
The government is setting up a working panel to study an appropriate structure for the gross profit (GP) or commission fee applied to food vendors by online food delivery platforms to prevent operators from profiteering.
Online food orders have surged during the pandemic.
Wattanasak Sur-iam, director-general of the Internal Trade Department, said Commerce Minister Jurin Laksanawisit recently ordered the department to study the GP structure after many small and medium-sized restaurants and food vendors complained about exorbitant fees.
Trade watchdog eyes Shopee courier selection
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Users complain of higher costs and longer delivery times
published : 29 Jan 2021 at 18:42
8 A shopper uses a mobile phone to select items on the Shopee platform. (Bangkok Post photo)
Competition regulators are looking at the decision by Shopee, the country’s most popular e-commerce platform, to choose delivery services rather than letting customers do so, saying the practice could run afoul of the Trade Competition Act.
Shopee’s move to automatically select couriers for customers has prompted an outcry from some users, who have complained via social media of higher delivery costs and longer delivery times. Their comments have appeared under the hashtag “Shopee – this is not your business”.
A banner year for M&A deals
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Despite the pandemic, there were many large merger and acquisition agreements
published : 25 Dec 2020 at 07:00
1 A woman pushes a shopping cart in front of a Tesco Lotus store in Bangkok. CP Group s acquisition of the hypermarket chain was one of the largest deals this year. (Photo by Wisit Tham-ngern)
Merger and acquisition (M&A) activity looked strong at the beginning of 2020 with numerous transactions, including the acquisition of the Ninth Towers office building and Unilever House office building projects (US$186 million and $50.4 million, respectively) by CPN Retail Growth Leasehold REIT.
In the first quarter of 2020, according to international consulting firm KPMG, the real estate, infrastructure and construction sectors contributed 83.5% of the $1.36 billion M&A transaction value.
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