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[Haloi]

"People's pockets are being hit yet again with the Commerce Ministry's approval of immediate hikes in the price of 60 consumer products because of the rising cost of oil and raw materials. The decision was announced after talks yesterday.

Manufacturers said they had agreed in March to the ministry's request to reduce prices by 5-15% for two to six months. However, with the continuing escalation in costs they could no longer afford to cap or cut prices.

Internal Trade Department deputy chief Vatchari Vimooktayon said approval was given yesterday for manufacturers to raise the prices of 60 consumer products in line with the market mechanism. The decision was effective immediately, she said. Ms Vatchari was speaking after meeting representatives of six manufacturers who together control about 90% of the market share - P&G, Lion (Thailand), Colgate, Kao Commercial, Unilever and Saha Pathanapibul."

http://www.bangkokpost.com/190608_News/19Jun2008_news01.php