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LINE MAN Opposes Trade Competition Commission Price Controls

LINE MAN Opposes Trade Competition Commission Price Controls

Thansettakij•Economy•1h ago

Reader Briefing

LINE MAN Wongnai expresses concern over proposed price regulations by the Trade Competition Commission that may hinder business agility and IPO plans.

  • •LINE MAN Wongnai opposes a rule requiring 180-day advance notice for price changes.
  • •The company urges the Trade Competition Commission to separate the market definitions of Food Delivery and Ride-hailing.
  • •Regulatory constraints may affect the company's IPO timeline scheduled for 2027.
  • •LINE MAN Wongnai warns that rigid price controls could negatively impact restaurants, drivers, and consumers.

Overview

  • •Yod Chinsupakul, CEO of LINE MAN Wongnai, states that 180-day advance price control is unsuitable for the volatile food delivery business.
  • •LINE MAN Wongnai argues that Food Delivery and Ride-hailing have different operational structures and stakeholders and should be regulated separately.
  • •Yod Chinsupakul questions the source of data used by the Trade Competition Commission to assess market share and dominant power as the company was not directly requested for information.
  • •LINE MAN Wongnai warns that an inability to adjust prices according to costs may lead to the cessation of services in certain areas.
  • •Yod Chinsupakul notes that regulatory risks may cause new players to reconsider market entry, potentially reducing long-term competition and innovation.
  • •The proposed regulations are a concern for investors, which may influence LINE MAN Wongnai's decision regarding its IPO timing in 2027.

Full article content is available on the original source.

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Source: Thansettakij (Original)

Key Quotes

Yod Chinsupakul
"The important thing is not whether separating markets makes us a dominant power or not, but it must be clear first which market is being regulated and what criteria will be used."
สิ่งสำคัญไม่ใช่ว่าการแยกตลาดจะทำให้เราเป็นหรือไม่เป็นผู้มีอำนาจเหนือตลาด แต่ต้องทำให้ชัดเจนก่อนว่าจะกำกับตลาดไหน และจะใช้หลักเกณฑ์อย่างไร
Yod Chinsupakul
"If the business loses money and has no opportunity to adjust the price structure to align with costs, it must reconsider how to continue providing services."
หากธุรกิจขาดทุนและไม่มีโอกาสปรับโครงสร้างราคาให้สอดคล้องกับต้นทุน ก็ต้องกลับมาพิจารณาว่าจะให้บริการต่อไปได้อย่างไร

Key Entities

Person

Yod Chinsupakul(ยอด ชินสุภัคกุล)
CEO of LINE MAN Wongnai.

Organization

LINE MAN Wongnaiℹ️
A platform business provider in the food delivery and ride-hailing sectors.
Trade Competition Commission(คณะกรรมการการแข่งขันทางการค้า)ℹ️
The regulatory body preparing criteria to oversee the service fee structures of platforms.