Retail giants will need to outline expansion plans every quarter.

(From The Nation (Thailand))

Byline: The Nation.

The Commerce Ministry plans to revamp a draft of the long-awaited retail business law to help local retailers resist the aggressive expansion of giant foreign retailers in the Kingdom.

One of the amended sections will require retailers to report their expansion plans on a quarterly basis, which will allow the ministry to keep closer tabs on multinational companies.

The ministry will hold a meeting in response to complaints from small retailers that they were being forced out of business by multinational juggernauts.

The retail business law was first drafted in 2003. However, the …