Finance Minister Arkhom Termpittayapaisith has instructed the Fiscal Policy Office and the Bank of Thailand to jointly seek ways to relax some of the criteria for state banks to lend to domestic airlines to improve their liquidity.
Small and medium-sized enterprises (SMEs) should venture into overseas markets to seek growth, says Export-Import Bank of Thailand (Exim Bank) president Rak Vorrakitpokatorn.
As soft loans for airlines go through the approval process under the Thai Credit Guarantee Corporation (TCG), the Airlines Association of Thailand (AAT) is urging the government to help clear the loan conditions as soon as possible.
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Exim urges exporters to adapt strategies
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To ensure sustainable growth, Thai exporters need to adapt amid the current disruptions
published : 14 Jul 2021 at 08:11 Rak Vorrakitpokatorn, the new president at Export-Import (Exim) Bank of Thailand.
Digital disruption and the pandemic have served as a wake-up call to Thai exporters to change their business strategies to ensure sustainable growth in the global market, says Rak Vorrakitpokatorn, the new president at Export-Import Bank of Thailand (Exim Bank).
Thailand s exports contracted 6% last year, mostly attributed to the impact of the pandemic. The sector has a significantly better outlook this year, though, based on the recovering global economy.