4,000 SMEs shut down in first half of year
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The Business Development Department reported that about 4,000 SMEs had shut down in the first half of the year because of a lack of financial liquidity and missed business goals, along with tough competition.
Chainarong Chochai, deputy director-general of the department, said about 93 per cent of total business closures in the first five months of the year were SMEs.
The total number of business shutdowns of all sizes increased 8 per cent to 4,564 in the January-to-May period.
The Nation
