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.
Biden tax plan keeps lid on equity enthusiasm
published : 24 Apr 2021 at 04:00
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Recap: Global shares steadied yesterday around 1% below record highs reached earlier in the week week after US President Joe Biden announced a plan to raise taxes on the wealthy. European shares were mixed as a surge in global coronavirus cases offset optimism about a strong earnings season.
The SET index moved in a range of 1,550.62 and 1,587.95 points this week before closing yesterday at 1,553.59, up 0.3% from the previous week, in daily turnover averaging 90.02 billion baht.
Retail investors were net buyers of 10.17 billion baht and brokerage firms bought 838.09 million baht. Foreign investors were net sellers of 8.71 billion baht and institutional investors sold 2.29 billion baht worth of shares.
The year 2020 was an eventful year for competition law in Thailand: four public hearings took place, three industry-specific regulations focused on unfair practices were delivered, and after the publishing of a merger control manual, two pre-closing merger approvals were handed out, resulting in one landmark case leading to remedies.
Weighing up the year just past, Pranat Laohapairoj and Jutharat Anuktanakul, partners at Chandler MHM say it was nothing short of “impactful.”
“2020 was a good year because the Office of Trade Competition Commission (OTCC) released many case precedents, many of which are useful for practitioners as they narrow down many formerly unclear fields into more manageable schemes,” Pranat and Jutharat say.
Economic fire continues to rage
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The struggles and successes amid the pandemic may be permanent.
published : 23 Dec 2020 at 04:02
10 The yak (giant) statue at Suvarnabhumi airport wears a face mask as part of the campaign to encourage mask wearing and the observation of social distancing to prevent infection. (Photo by Wichan Charoenkiatpakul)
Fighting the pandemic and keeping the ailing economy going have been almost insurmountable tasks for Thailand this year. The Bank of Thailand has forecast a GDP contraction of 7.8% in 2020, crucially weighed down by the outbreak.
After wading through the first lockdown and fending off new local infections for months, a sudden spike in new infections this week is expected to drag businesses back towards the circling the drain, where many are likely to be gutted by the outbreak, and a lucky handful will manage to reap windfalls.
State to help address container shortage
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Steps include subsidy of importation fees
published : 15 Dec 2020 at 04:03
11 Mr Jurin gestures during his visit to Bangkok Port in Klong Toey. The government has vowed to subsidise part of the import fees for empty and used containers as part of its efforts to alleviate the container shortage. Arnun Chonmahatrakool
The government has pledged to subsidise part of the import fees for empty and used containers and has assigned the Office of Trade Competition Commission to monitor any possible monopoly by freight forwarders in a move to alleviate the container shortage for exporters.
Speaking after visiting Bangkok Port in the Klong Toey area and talking with executives of the Port Authority of Thailand, related government agencies and the private sector, Commerce Minister Jurin Laksanawisit said on Monday the ministry has agreed to offer a certain subsidy for import fees for empty