Post by account_disabled on Dec 27, 2023 21:49:32 GMT -6
Mr. Suphan Mongkolsuthi, Chairman of the Federation of Thai Industries (F.T.I.), revealed that the results of the industrial confidence index survey in May 2020 were at a level of 78.4, increasing from the level of 75.9 in April 2020. The index increased for the first time in 4 months since the outbreak of the COVID-19 virus after the government was able to control the spread and relaxed the lockdown measures in Phase 1 and Phase 2, including relaxation. Prohibiting leaving one's home or curfew from 10:00 p.m. - 4:00 a.m. to 11:00 p.m. - 4:00 a.m. has a positive effect on economic activities. In addition, the government has issued measures to help entrepreneurs affected by the COVID-19 virus. Meanwhile, the Monetary Policy Committee (BoT) has resolved to reduce the policy interest rate to 0.50% per year, resulting in lower financial costs for entrepreneurs. Entrepreneurs are also concerned about the slowdown of the world economy and the Thai economy. which affects trade, investment and employment Meanwhile, small entrepreneurs face problems with lack of liquidity and access to credit.
In addition, there is the problem of the appreciation of the baht more than trading partners. It affects the competitiveness of export enterprises. From a survey of 1,157 entrepreneurs covering 45 industry groups across the country in May 2020, it was found that factors that cause entrepreneurs to be more concerned include: 71.2% of entrepreneurs are more concerned about the state of the global Telegram Number Data economy. This is because entrepreneurs are concerned about the global economic slowdown affected by the COVID-19 outbreak. and trade wars, political situations in the country 47.7%,exchange rate (Exporter's perspective) The reference exchange rate is the baht against the US dollar at 43.4% and the oil price at 32.5%, respectively. Factors that cause entrepreneurs to be less concerned. is the loan interest rate of 17.6 % For the next 3 months,
The index is expected to be at a level of 91.5, increasing from the level of 88.8 in April 2020, as entrepreneurs view that the relaxation of the government's lockdown measures in the next period will have a positive effect on economic activities. Domestic economy While many countries have relaxed lockdown measures as well. Causing orders for products from abroad to expand again However, the index is still below the 100 level, reflecting that entrepreneurs' confidence is still not good. Suggestions to the government sector include: 1. Accelerate the use of soft loans in the amount of 500 billion baht, including allowing TCG to help guarantee additional loans for SMEs. 2. Helping small entrepreneurs to have easy access to credit. climb 3. Push all government agencies to use the online system for issuing licenses and accepting payment of fees. Including other services.
In addition, there is the problem of the appreciation of the baht more than trading partners. It affects the competitiveness of export enterprises. From a survey of 1,157 entrepreneurs covering 45 industry groups across the country in May 2020, it was found that factors that cause entrepreneurs to be more concerned include: 71.2% of entrepreneurs are more concerned about the state of the global Telegram Number Data economy. This is because entrepreneurs are concerned about the global economic slowdown affected by the COVID-19 outbreak. and trade wars, political situations in the country 47.7%,exchange rate (Exporter's perspective) The reference exchange rate is the baht against the US dollar at 43.4% and the oil price at 32.5%, respectively. Factors that cause entrepreneurs to be less concerned. is the loan interest rate of 17.6 % For the next 3 months,
The index is expected to be at a level of 91.5, increasing from the level of 88.8 in April 2020, as entrepreneurs view that the relaxation of the government's lockdown measures in the next period will have a positive effect on economic activities. Domestic economy While many countries have relaxed lockdown measures as well. Causing orders for products from abroad to expand again However, the index is still below the 100 level, reflecting that entrepreneurs' confidence is still not good. Suggestions to the government sector include: 1. Accelerate the use of soft loans in the amount of 500 billion baht, including allowing TCG to help guarantee additional loans for SMEs. 2. Helping small entrepreneurs to have easy access to credit. climb 3. Push all government agencies to use the online system for issuing licenses and accepting payment of fees. Including other services.