Move Forward which gained the most seats in Thailand's 2023 general election, and its coalition partners have agreed to "abolish monopolies and promote fair competition in all industries such as alcoholic beverages".
Thai Beverage Public Co's (ThaiBev)(SGX:Y92
) share price has lost around 15% this year.
The Bangkok Post has reported that Taopiphob Limkittrakorn, a beer-loving member of the Thai Parliament for the Move Forward Party is looking to break the kingdom's beer duopoly.
