Monday, August 10, 2020

Additional measure to help SMEs

Jan 15. 2020
Finance Minister Uttama Savanayana
Finance Minister Uttama Savanayana
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By THE NATION

The Finance Ministry will introduce an additional measure to help small and medium-sized enterprises (SMEs). Minister Uttama Savanayana said the Fiscal Policy Office, the Bank of Thailand and the Board of Investment will jointly draw up the measure.

The state agencies under the ministry earlier launched measures to enable SMEs to gain easier access to low-interest loans.

On Monday (January 13), Deputy Prime Minister Somkid Jatusripitak instructed the BOI to consider launching more measures to boost competitiveness and cut operating costs.

The ministry will also urge state enterprises to accelerate investment, aiming to lift the economy, he added.

The ministry will hold a meeting with state enterprises on Wednesday (January 15) to accelerate their budget disbursement. Somkid will chair the meeting.

The fiscal 2020 budget bill sailed through the House of Representatives on Saturday (January 11).

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