INVESTMENT
BBL paints bleak picture for SMEs locally, pushes Asean
- Published: 16 Jul 2012 at 00.00
- Newspaper section: Business
Bangkok Bank (BBL), Thailand's largest bank, will target supporting small and medium-sized enterprises (SMEs) exploring opportunities in Asean, especially in the high-growth countries of Indonesia, Vietnam, Laos and the Philippines.
Some domestic industries are not as competitive as before due to the high cost of raw materials and labour, as well as a labour shortage in some fields.
Executive chairman Kosit Panpiemras suggests Thai entrepreneurs consider investing within Asean to cut investment expenses and enjoy lower raw material and labour costs.
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