A total of 1.5 billion baht has been set aside by the government to aid small businesses, who have been affected by the strong baht.
The money is to be made available in the form of loans according to Industry Minister Uttama Savanayana, speaking after a meeting chaired by Deputy Prime Minister Somkid Jatusripitak. The meeting was held to promote small and medium sized business ventures.
The aim is to counterbalance loss of income to those companies whose markets tend to be based on exports to other nations but have been impacted by the strength of the Thai baht.
Around 1.5 billion baht will be allocated in loans to business owners who hope to increase production capacity.
Training facilities are also to be made available to help those business owners affected by unpredictable currency values, so they are better prepared for the future.
The baht has strengthened against many currencies such as the US dollar, which saw the baht gain by up to eight percent. Exporters are concerned that their prices will not be able to compete with international competition as a result of the strong baht.
Source : Thenation
Content : LovePattayaThailand