Thailand’s small businesses seek greater funding, training programmes from next government ahead of polls

Small and medium-size enterprises , which form a significant part of the Thai economy, have expressed a desire for greater funding to support their businesses.

However, experts said that such measures would require a significant boost in the national budget and also the amending of certain pre-existing laws.SMEs in Thailand account for some 35 per cent of the economy. They hire 70 per cent of the country’s workforce.in the next government’s plan to boost growth, a key priority if Thailand wants to surpass the 3.7 per cent economic growth forecast by the World Bank next year.

“When politicians conduct campaigns seeking support, they usually think of the small ordinary people first. But once they’ve won and achieved where they want to be, we’re never in their eyes anymore,” she said.Small businesses are seeking greater funding from the next government to help them start or grow their businesses."Sometimes I feel left behind because lots of companies or lots of countries have been improving.

Mr Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said that even if there is an increase in spending to boost the private sector, the government needs to figure out how to secure constant revenue to make the model sustainable in the long run.

Source: Financial Digest (financialdigest.net)

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