Tuesday, August 04, 2020

Phuket entrepreneurs offered loans to kick-start business

Jun 17. 2020
Pakkapong Taweepat
Pakkapong Taweepat
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By The Nation

Local businesses in Phuket are being offered a financial kick-start as the holiday province prepares to welcome back tourists after months of Covid-19 lockdown.

City Hall on Tuesday (June 16) hosted a meet-and-greet between local entrepreneurs and providers of loans and other financial services, in a bid to get businesses back on their feet after the long shutdown.

Phuket governor Pakkapong Taweepat said 85 per cent of the province’s GDP came from the services and tourism sectors, which had been battered by the pandemic. The absence of visitors for the past two and half months had left tourism businesses with no revenue and huge debts, he added. Local authorities had therefore liaised with 15 financial institutes to bring support measures for residents and entrepreneurs.

Boonchod Kittisitto, president of the Phuket Bank Club, expressed thanks to Phuket City Hall for coordinating the financial meet-and-greet with the club. Entrepreneurs who attended the event were offered help on a case-by-case basis.

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