Arkhom Termpittayapaisith, Minister of Finance, delivered a keynote address on the topic of “Stimulating the Thai Economy through Monetary and Fiscal Measures” at the FTI EXPO 2022. in the past The government has issued measures to help people from conflict situations. Ukraine and Russia, including 8 measures: 1. Measures to freeze the retail price of NGV 2. Measures to mitigate the impact of diesel prices 3. Measures to manage the price of diesel fuel 4. Measures to ask for cooperation from the refinery group 5. Measures to help with the price of LPG 6. Measures to save energy for both the public and private sectors 7. Tax measures to support domestic training 8.Tax measures to support exhibitions and trade fairs in Thailand
After the speech, the Minister of Finance witnessed the signing ceremony. “Supporting Entrepreneurs to Access Funds for Business Operations” between Mr. Sittikorn Direksoontorn, Director and General Manager Small Industry Credit Guarantee Corporation (TCG) and Mr. Kriengkrai Thiannukul, Chairman of the Federation of Thai Industries (FTI)
Mr. Sittikorn Direksoontorn Director and General Manager Small Industrial Credit Guarantee Corporation (TCG) said that this cooperation in line with the policy of opening the country and promoting trade and investment especially access to funding sources, which TCG as a state-owned specialized financial institution under the Ministry of Finance under the vision “Center Capital Link and business opportunities for SMEs entrepreneurs” has 2 roles
- first role is to be a Credit Enhancer, issuing credit guarantees to SMEs to use as collateral in applying for loans with financial institutions This is to reduce credit costs or credit costs.
- second role is to be a financial advisory center, FA Center and a debt doctor to provide financial advice, Financial Literacy, whether it is a loan application. business development debt restructuring and fixing debt according to the policy of the Ministry of Finance In the past, the FA Center has given advice and assistance to more than 8,000 SMEs, which is a credit limit of more than 10 billion baht.
cooperation sign “Supporting entrepreneurs to access funding for business operations” between TISCO and TCG today will be another step in driving the economy in response to the opening of the country. To drive and strengthen the industry operators especially members of the Federation of Thai Industries. Able to operate business stably and sustainably
Mr. Kriengkrai Thiannukul, Chairman of the Federation of Thai Industries (FTI), said that FIAT recognizes the importance of being a driving force for industrial operators to maintain business stability and able to continue doing business This is the origin of the collaboration project with TCG. TCG will support financial and business knowledge. Carrying out activities to help TISCO members gain access to capital for business operations. Including the development of potential to enhance potential in various fields, including financial consulting through the SMEs Financial Advisory Center or TCG FA Center, both in terms of preparation before applying for a loan Capital Management debt restructuring and business development
In the past 3 months, there have been more than 200 members of the FTI interested in receiving financial advice under the aforementioned cooperation. “Know the advantages of one account with help” and “Financial Statement Analysis for CEO”, which will later cooperate in other activities including helping to guarantee credit for TISI members, business development in various fields such as marketing and technology. Optimization and productivity in the production process Promoting and pushing members to BCG ECONOMY MODEL
By InfoQuest News Agency (02 Jul 65)