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37 firms vow to hold prices through June.

Bangkok Post (Bangkok, Thailand)

| April 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 1--Commerce Minister Thanong Bidaya yesterday signed agreements with 37 suppliers, operators of supercentres, hypermarts and convenience stores not to raise product prices through the end of June.

Mr Thanong is also seeking co-operation from about 20 producers of construction materials such as cement and steel to freeze their prices for as long as possible.

He said it was necessary for the ministry to control product prices to keep the inflation rate in check, otherwise the government might have to apply some monetary measures to curb rising inflation.

Producers, however, have been reluctant to make firm promises to keep their product ...

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