Thai duty-free monopoly under pressure after election

BANGKOK -- After more than three decades, King Power's duty-free monopoly in Thailand may be coming to an end as the country's next government is expected to act on calls to break the company's long-standing grip on the sector.

Rival retailers filed a petition with regulators in January seeking to end King Power's monopoly when the latter's current license expires next year. A new government is expected to be formed once the results of the recent general election are formally announced.