Home / Thai coup threatens retailers

Thai coup threatens retailers

Multinational supermarket groups in Thailand are re-assessing growth plans after the military seized control of the country in a bloodless coup. The new government has created a special committee to establish new rules and guidelines for the expansion of retailers, under which they are prohibited from practices such as selling products below cost, asking suppliers for big discounts, and demanding higher listing fees for new products. Violators could be fined up to THB6 million (US $160,000) or imprisoned for up to three years.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018