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Govt to establish Bt5-bn SME fund
Prime Minister Surayud Chulanont on Friday approved the short-term economic package proposed by the Joint Public and Private Committee aimed at boosting the economy amidst the appreciation of the Thai baht.
Kosit
Deputy Prime Minister Kosit Panpiemras said Surayud agreed with six points raised by the committee, except for one proposal calling for the government to stock the fuel.
However, Kosit declined to disclose the six points, except for a proposal to estalish the fund worth Bt5 billion to provide the soft loan to the SMEs exporters in short of liquidity.
Surayud this mornting called a meeting with Finance Minister Chalongphob Sussangkarn and governor of The Bank of Thailand, Tarisa Watanagase, to discuss ways to handle the rise of the Thai baht, which erodes the competitiveness of several labour intensive industries such as textile.
Deputy Prime Ministetr Kosit Panpiemras said that half of the SME fund would be contributed by the Bank of Thailand and the other half from the commercia banks. The Thai Bankers' Association will manage the fund.
-The Nation
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