Thailand’s exports still have a chance to contract by a modest 5-10% if the government rapidly extends loans to ease liquidity problems for local industries and exporters, according to the Thai Chamber of Commerce. “The most effective stimulus measure to improve exports right now is accelerating loan extensions,” said Pornsil Patchrintanakul, the deputy secretary-general of the chamber. “Tight liquidity remains unaddressed and the credit extension by local banks is still moving at a snail’s pace despite government pledges to speed up their lending activities.” (Bangkok Post)
Exporters renew plea for greater loan access
the authorThaiVest Editorial Team
The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Choking on the Smog: The Devastating Effects of Air Pollution in Thailand
ThaiVest Editorial TeamApril 16, 2023
December - April is on of the best times to travel to Thailand. Very sadly, what is known as the...
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
ThaiVest Editorial TeamApril 13, 2023
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...