The Corrections Department has joined hands with a university and small and medium enterprises (SMEs) to improve prisoners’ vocational skills.

The state-owned Thai Credit Guarantee Corporation (TCG) will for the first time provide direct guarantees to small and medium-size enterprises in urgent need of loans.

Kasikornbank is taking a cautious approach on loans to small and medium-sized enterprises in fear of rising bad debts, said senior executive vice president Wirawat Panthawangkun. 

Many clients have complained to the Bank of Thailand about the high fees charged by commercial banks, Thanyanit Niyomkarn, assistant central bank governor, said yesterday, adding that the central bank would investigate and ensure that the fees charged are consistent with bank operating costs and that the banks do not place an unnecessary burden on clients.

The gross domestic product of SMEs in the third quarter of 2019 expanded 3.1 per cent, witnessing Bt1.81 trillion in value, Office of Small and Medium Enterprises Promotion (OSMEP) deputy director-general Wimonkan Kosumas said.

Money Expo Year-End 2019, where all banks compete in offering promotions from November 28 to December 1 under the concept “Digital Orchestra”, ended with more than Bt14.2 billion in transactions during the event. As much as Bt6.8 billion went to home loans, Bt4.4 billion for SMEs, and Bt2.1 billion on life insurance and saving funds.

The Cabinet today (November 26) approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana, adding that the measures aim to support small farmers, SMEs and property developers.

Fifteen small and medium-sized enterprises (SMEs) participated in the first Smart Business Transformation Programme run by United Overseas Bank (Thai) and The FinLab, reaping positive results from digital transformation, according to UOB Thai on Tuesday (November 19).

Bad debts or NPLs in Thailand’s banking system are on the rise as SMEs face difficulties and lower asset quality but bank profits still increased in the third quarter of this year, the central bank said today (November 18).

The Export-Import Bank of Thailand (Exim Thailand) has announced a prime interest cut to 6 per cent per annum down from 6.125 per cent to support the government policy to help Thai entrepreneurs, especially SMEs, reduce international trade and investment costs.

Small and medium-sized enterprises (SMEs) in Thailand are enjoying boost in revenues of up to 130 per cent thanks to the growth of e-commerce in the country, according to a new research report published on Thursday (November 7) by Sea, the leading consumer internet company in Southeast Asia and Taiwan.

Prakob Wiwitthajinda, director-general of the Industry Ministry’s Department of Industrial Works, said on Monday (Nov. 4) that his department is ready to serve and guide business entrepreneurs in compliance with the newly amended Factory Act, which came into effect on October 27.

The Export-Import Bank of Thailand (EXIM) said it granted loans totalling Bt140.51 billion in the first nine months of this year, with Bt79.24 billion, or 56.40 per cent, going to SMEs.

Chutintorn Gongsakdi, Thailand’s ambassador to India, on Saturday (October 26) urged Thai businesses to invest in India, noting that the relationship between the two countries is excellent, especially in economic terms.

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 South Korean Minister of SMEs and Startups Park Young-sun along with about 40 high-level representatives from the Republic of Korea and Asean nations were in Seoul this week to attend the launch of the “Asean Korean Train: Advancing Together”.

The Securities and Exchange Commission (SEC) and the Industry Ministry’s Department of Industrial Promotion (DIP) are working together to help Small and Medium Enterprises (SMEs) register with the stock market. More than 10 SMEs are anticipated to register with the stock market every year.

Krungsri (Bank of Ayudhya PCL) on Thursday (September 19) said its commercial banking business strategy in the second half of 2019 includes synergising Krungsri’s local strength with Mitsubishi UFJ Financial Group (MUFG)’s global network to provide superior financial services that serve the different needs of corporate customers and small- and medium-sized enterprises (SMEs).

UOB (Thai) has showcased the digital transformation of 15 small-and medium-sized enterprises (SMEs) which took part in the first Smart Business Transformation Programme held in Thailand.

The Securities and Exchange Commission (SEC) will introduce two regulatory reforms to make it easier for small and medium-sized enterprises to gain access to capital in the stock market.

The Stock Exchange of Thailand (SET) can withstand external threats and will grow to become a key platform for start-ups and SMEs to gain access to capital, SET president Pakorn Peetathawatchai said on Wednesday.

Energy Minister Sontirat Sontijirawong is collaborating with PTT Plc to find ways of reducing the cost of electricity for small and medium enterprises (SMEs).