News
Govt plans to create 1,000 SMEs in five years with revenue exceeding Bt1 billion per year
The Education Ministry will work with the Federation of Thai Industries (FTI) in setting up an innovation fund for small and medium enterprises (SMEs), with the aim of creating at least 1,000 start-up SMEs with revenue exceeding Bt1 billion per year within five years.Kittipong Promwong, ...
The Nation Reporter
BoT prolongs debt moratorium for SMEs
The Bank of Thailand has extended the debt moratorium period to next June for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht and difficulty in servicing existing debts.The extension period will end on June 30, 2021. The extension will only ...
Bangkok Post Reporter
FTI taking SME rehab plan to PM
The Federation of Thai Industries (FTI) will submit its economic rehabilitation plan to Prime Minister Prayut Chan-o-cha today, urging the government to speed up issuance of soft loans and technological help for farmers and small and medium-sized enterprises (SMEs).Speaking on Thursday, FTI chairman Supant Mongkolsuthree ...
Lamonphet Apisitniran
Thai government warned 10 million may lose their jobs in next three months
As many as ten million workers in Thailand may lose their jobs in the next three months, if the COVID-19 pandemic drags on and if the Government does not provide timely support for businesses, according to Mr. Supant Mongkolsuthee, president of the Federation of Thai ...
Minimum wage waive floated to sustain SMEs
The government is being advised to waive the daily minimum wage requirement for six months to help entrepreneurs maintain employment during the pandemic.Thanit Sorat, vice-chairman of the National Labour Development Advisory Council, said the council estimated that the country’s total unemployed could reach 9-10 million ...
Chatrudee Theparat
Industry Ministry to suspend small firms' debts
The Industry Ministry plans to roll out rescue measures by suspending debt payments for 6-12 months for small community enterprises for several industries affected by the Covid-19 outbreak.The measure covers businesses in food, drinks, herbs, jewellery, souvenirs and clothing. Local producers can apply for debt ...
Lamonphet Apisitniran
Export-Import Bank of Thailand launches New Year schemes to help SMEs
In making the announcement, the bank’s president Pisit Serewiwattana noted that the 2019 global economic and trade expansion at 10-year low rates of 3.0 per cent and 1.1 per cent respectively and the prevailing low inflation and interest rates have dampened Thailand’s international trade.Keep reading ...
PM harps on more stimulus measures to lift economy
Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy. He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).He assured that Thailand and Asean economies were not in recession but they ...
The Nation Reporter
Govt agencies to focus on development of SMEs to complement S-curve industries
In the next fiscal year, the Industrial Promotion Centre Region 9 (IPC9) under the Department of Industrial Promotion (DIP) will focus on improving SMEs to support S-curve industries in the future.The move will also complement the infrastructure the government has invested in and the expansion ...
The Nation Reporter
Companies join hands helping upgrade SMEs for Industry 4.0
The Federation of Thai Industries (FTI) has joined hands with private companies with the expertise in digital technology to mentor SMEs on digitization, in order to better prepare themselves for the Fourth Industrial Revolution (Industry 4.0) and to enhance their competitiveness.Keep watching ...
