The Bank for Agriculture and Agricultural Cooperatives (BAAC) has cut its minimum retail rate (MRR) by 0.125 per cent and its minimum overdraft rate (MOR) by 0.25 per cent from August 20 onwards, the bank’s president Apirom Sukprasert said.

The 0.125 per cent to 0.25 per cent reduction in loan interest rates will benefit small and medium enterprises (SMEs) and boost the country’s gross domestic product by 0.1 per cent, research by Kasikorn Research Centre showed on August 15.

Four major banks on Wednesday (August 14) cut their MRR (Minimum Retail Rate) by 0.25 percentage point, effective from Thursday (August 15), to help lower the financial costs of small and medium enterprises (SMEs), increase their competitiveness and support the Thai economy.

Lazada has reinforced its commitment to empowering small and medium-sized enterprises (SMEs) to become “Super eBusinesses” by arming them with a “Super-Solutions Strategy” and six keys to e-commerce success.

Siam Commercial Bank (SCB) is preparing to offer a programme for small and medium-sized enterprises (SMEs) that it says will create a hotel ecosystem with participation from the government and private sectors.

Most companies oppose the government’s plan to raise the minimum daily wage nationwide to Bt400 as it will hurt small and medium-sized enterprises (SMEs), according to the Thai Chamber of Commerce.

Amid rising non-performing loans (NPL) from small and medium-sized enterprises across Thailand, Siam Commercial Bank (SCB) aims to keep their NPL levels at below 8 per cent this year by developing an SME Ecosystem to promote sustainable business practices both for its existing and potential clients.

Siam Commercial Bank (SCB) is targeting for outstanding new loan growth from small and medium-sized enterprises (SMEs) at Bt70 billion in the second half of this year, due to SMEs benefiting from the new government’s economic stimulus package.

Speaking at the opening ceremony of the Smart SMEs Expo 2019, Utama Savanayon, former Minister of Industry, said he was confident that the government would continue to support SMEs and allow them to catch up with borderless trading..

The Export-Import Bank of Thailand (EXIM Thailand) has appointed new heads to its SMEs Business Department and Insurance Business Promotion Department.

SMALL and medium-sized enterprises (SMEs) can remain competitive in the digital era by using intelligent technology and joining forces with the right business and technology partners to help them scale their operations and get ready for the future, Verena Siow, managing director of SAP Indochina, said.

SCG Logistic has joined hands with the startup company MyCloud Fulfillment to take a step forward by incorporating digital technologies to deliver insight analysis.

UOB (Thai) has announced the 15 small- and medium-sized enterprises (SMEs) selected to participate in the nation's first Smart Business Transformation Programme.

IN AN attempt to unlock business growth among small and medium-sized enterprises (SMEs) in Thailand, Facebook has launched the “Boost with Facebook” digital skills training programme in collaboration with Kenan Foundation Asia. 

INDONESIAN e-commerce firm Bukalapak started offering its services in Singapore on Monday as it sets out on an ambitious regional expansion strategy.

South Korea is creating a path to e-commerce riches, and Thailand should follow

WITH a budget of Bt1.28 billion, the Ministry of Industry’s Department of Industrial Promotion (DIP) aims to generate a business value of Bt13 billion in 2019 through bringing traditional small and medium-sized enterprises (SMEs) onto e-commerce platforms and boosting the country’s startup ecosystem through Thailand Inno Space – the ministry’s flagship project.

The Office of Small and Medium Enterprises Promotion (Osmep) expects to develop 200,000 digital small and medium enterprises (SMEs) by the end of this year. 

THE Export-Import Bank of Thailand (Exim Thailand) has vowed to continue supporting small and medium-sized enterprises (SMEs) in their expansion plans for neighbouring countries, despite the lender having to shoulder the cost of funding, its president Pisit Serewiwattana said.

The Stock Exchange of Thailand (SET) yesterday signed a memorandum of understanding (MoU) with Shenzhen Stock Exchange (SZSE) to expand business opportunities for Thai and Chinese small and medium-sized enterprises (SMEs) and broaden opportunities in investment as well as promoting cross-border collaboration among the two countries.

TCG to help the pave way for loans from financial institutions

Shopee Bootcamp is the latest seller-empowerment initiative, presented in collaboration with DBD, OSMEP and key industry partners

Commerce Ministry pushes agricultural exports from Thai SMEs via competition

TARAD.com, the leading e-commerce services provider in Thailand, announced today a business transformation from an E-marketplace to an integrated e-commerce services provider, according to its press release.