Up to 100,000 small and medium-sized enterprises (SMEs) could be forced to shut down within six months if the government fails to help them to cope with cash flow problems, the Federation of Thai Industries (FTI) warned yesterday.
Suphan Mongkulsuthee, the FTI’s new chairman, said the prolonged political turmoil has caused consumer spending to slow while the cost of living is on the rise. These factors have strongly affected SMEs, which account for a large portion of the industrial sector.
The FTI has asked the government to set a clear policy direction to help small entrepreneurs in tems of cash flow, he said.
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