Export-Import Bank of Thailand pledges more assistance for exporters

BANGKOK, 14 June 2016 (NNT) - The Export-Import Bank of Thailand (EXIM Bank) has announced that it will shift its focus from lending to providing support for businesses which are relevant to the government’s strategies to boost Thai exports.

EXIM Bank President Pisit Serewiwattana on Monday said the bank just adopted a new role to support such businesses by issuing credit guarantees for exports as well as providing loans for trade and investment expansion.

The bank is urgently developing comprehensive services for SMEs and lending while issuing credit guarantees for entrepreneurs who are investing in foreign countries, especially the CLMV group and new markets, said the president.

The president confirmed that the bank will still provide financial assistance for businesses of all sizes.

Mr. Pisit also predicted that Thailand’s export sector will improve in the second half of the year and suggested that it urgently adjusts its production by using innovation to enhance competitiveness in the upper market segment.


-- NNT 2016-06-14

urgently adjusts its production by using innovation to enhance competitiveness in the upper market segment

Somehow I don't think that's going to happen through the second half of the year. Maybe in a couple of years.

urgently adjusts its production by using innovation to enhance competitiveness in the upper market segment

Somehow I don't think that's going to happen through the second half of the year. Maybe in a couple of years.

That's very optimistic of you. They are going to change Thai culture in 2 years?

More loans will not help, unless they expect not to get the money back.

"entrepreneurs who are investing in foreign countries" The competition is pretty though for an entrepreneur from here. Fix the laws and education here, and the rest will fall into place.

Edited June 14, 201610 yr by Redline