PM harps on more stimulus measures to lift economy
Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy.
He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).
He assured that Thailand and Asean economies were not in recession but they would just have slower growth next year. Therefore, Thailand needed to come up with more economic stimulus measures to lift the economy.
He added that Thailand’s monetary and fiscal policies must also facilitate domestic spending and business investment.
The meeting on Friday also gave the nod in principle to the guidelines to solve the problems of small and medium-sized enterprises (SMEs).
The guidelines cover several areas and 13 measures as proposed by the Office of the Small and Medium Enterprise Promotion. They also aimed to help SMEs get easier access to capital, know-how and market access.
The measures include the launch of new types of SME loan guarantee, the promotion of software use by SMEs to draw accounts, to the launch of an SMEs festival.
