Wednesday, August 05, 2020

Liquidity crunch tops problems of SMEs

Mar 09. 2020
Chonrungsri Chalermchaikit
Chonrungsri Chalermchaikit
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By THE NATION

The Federation of Thai SME recently conducted a survey among its members and submitted a report of their problems to the Office of Small and Medium Enterprises Promotion , said Chonrungsri Chalermchaikit, the federation’s president.

“The federation met with 51 entrepreneurs, with 38 ( 74.5 per cent) experiencing liquidity problem, 27 could not afford to meet their debt payments , while 12 entrepreneurs failed to find market for their products in stock.

“42 entrepreneurs (82.4 per cent), said sales had decreased in past two months” she added. “Other problems they mentioned were the shortage of material and costs”.

Regarding possible measures in dealing with their problems, 30 of the 52 wanted to suspend debt payments, while 25 needed revolving fund.

21 entrepreneurs (40.4 per cent), called for cost-reduction measures, such as a cut in value added tax, government assistance in the areas of materials, employees, and informal debts.

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