Thai Industrial Sector Will Propose Measures to Help Small Businesses

[snoop1130]

 

BANGKOK (NNT) - The Federation of Thai Industries (FTI) and the Thai Listed Companies Association (TLCA) will propose four debt and health-related measures to Prime Minister Prayut Chan-o-cha, to help small and medium-sized enterprises (SMEs) survive the COVID-19 crisis.

 

FTI chairman Supant Mongkolsuthree said many SMEs badly need help to deal with debt and liquidity problems and, at the same time, must be equipped with a better protection against disease transmission, as they will go bankrupt without effective measures.

 

He said the FTI has teamed up with TLCA to provide relief measures to help SMEs weather the impacts of pandemic related lockdown measures, which will be proposed at the meeting of the Centre for Economic Situation Administration on 22 July.

 

According to Mr Supant, the FTI and TLCA will suggest that the Thai Credit Guarantee Corporation increase the loan guarantee ratio to 60% and wants authorities to help SMEs deal with their debt payment records. Another measure is to relax loan application conditions for SME, which find it hard to access loans due to financial institutions’ strict criteria for selecting borrowers.

 

-- © Copyright NNT 2021-07-22

 

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[Thomas J]

7 minutes ago, snoop1130 said:

FTI and TLCA will suggest that the Thai Credit Guarantee Corporation increase the loan guarantee ratio to 60% and wants authorities to help SMEs deal with their debt payment records. Another measure is to relax loan application conditions for SME, which find it hard to access loans due to financial institutions’ strict criteria for selecting borrowers.

Now lets see, the businesses are suffering and failing because they are closed or severely impacted by Covid and the answer is to relax credit standards and guarantee more money.  

How about getting some vaccines, inoculating the people and let these businesses start to earn a living again? 

[French mate]

4 hours ago, Thomas J said:

Now lets see, the businesses are suffering and failing because they are closed or severely impacted by Covid and the answer is to relax credit standards and guarantee more money. 

Its perfectly logical, the idea behind is either to buy back for a symbolic amount the buisness who are judged potentialy profitable when the covid periode will be ended or under control.
Or to start at a later time the same exact buisness, while the original compagny  will be unable to face a new rival who will start debt free when the buisness condition become favorable again.

[hotchilli]

16 hours ago, snoop1130 said:

FTI chairman Supant Mongkolsuthree said many SMEs badly need help to deal with debt and liquidity problems and, at the same time, must be equipped with a better protection against disease transmission, as they will go bankrupt without effective measures.

Best of luck with that.