Small firms feel the pinch amid an array of challenges

Quick Summary:

Thai small and medium-sized enterprises (SMEs) remain trapped in a cycle of rising costs, declining revenues and weakening consumer purchasing power.

After implementing free trade and investment policies over the past 10–20 years, the result has been Thai SMEs have gradually disappeared, he said.

Mr Sangchai also said the Bank of Thailand should reduce the policy interest rate to help lower costs for SMEs.

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Article Details

Category: EconomyBusiness

Markets: ThailandIndonesiaIsraelUkraine

Topics: Credit Loans Thai Sangchai Phichit Small Government Smes Bank Financial Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 04:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1213 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22310270

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 1 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 1 days ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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