BANGKOK : The Cabinet on Tuesday approved a financial package of more than 100bil baht to support struggling small and medium-sized enterprises, including tax exemption to SMEs who restructure their loans with banks.
As the SMEs have been experiencing high risk stemming from the US-China trade tensions, uncertainty of the global economy, export contraction and the strengthening of the baht, the Cabinet on Tuesday approved an assistance package proposed by the Finance Ministry, Lavaron Sangsnit, director-general of Fiscal Policy Office, told a press conference.
For those who need more liquidity to run their business, the state-owned Thai Credit Guarantee Corporation has set aside a credit guarantee facility worth up to 60bil baht. Eligible are those have business potential but whose ability to repay debt had reduced, those who are on the list of non-performing loans, or those who restructure their debts with banks and get new loans from those banks. - The Nation/Asia News Network
Source: Loan News Today (loannewstoday.net)
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