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Bank of Thailand Sasin clarifies the index of confidence for SMEs in the 3rd quarter, moving to recover, pointing out that the BCG Model is the solution to reduce costs Elevate the business for sustainable growth

SME Bank – Sasin clarified the index of confidence in SMEs in the 3rd quarter to move to recover
Pointing out the BCG Model as a solution to reduce costs Elevate the business for sustainable growth

SME Bank together with Sasin reveals the results of the third quarter SMEs confidence index survey and forecasts for the future increase Benefit of purchasing power domestic spending And the number of tourists is increasing, indicating that SMEs should be alert to use the BCG Model as a mechanism to increase efficiency, reduce costs, cope with inflation. and energy prices skyrocketed while the Bank of Thailand is ready to fully support Bring access to BCG Loan and help develop through the SME D Coach project, giving close advice support sustainable growth

Ms. Nartnaree Rattaphat Managing Director Small and Medium Enterprise Development Bank of Thailand (SME Bank) or SME D Bank assigned Mr. Mokul Posayapisit, Deputy Managing Director. disclosed in a statement “Confidence survey results of SMEs entrepreneurs on the economy and business in the 3rd quarter of 2022 and forecasting the future” by “Research and Information Center of SME Bank” together with “Research and Consulting Center Sasin Graduate Institute of Business Administration of Chulalongkorn University” that the overall picture of SMEs entrepreneurs have increased confidence in the Thai economy and business. This is because the economic recovery in the country is a supporting factor and SMEs are able to adjust their business better. especially in the field of marketing cost management support inflation While the overall profit of SMEs entrepreneurs at present is lower than the period before the Covid-19 situation, an average of 21.94%, especially for the small group (Micro) and the service sector, profits recover more slowly than other groups.

Dr. Mayukphan Chaimankong, Project Director Research and Consulting Center Sasin Graduate Institute of Business Administration of Chulalongkorn University He added that from a survey of 500 SMEs across the country Covering all types of industries The Index of Business and Economic Confidence in the third quarter was at 56.82, up from 56.00 in the second quarter due to positive factors in purchasing power and increasing domestic spending. including the increasing number of tourists Meanwhile, concerns over high costs have also increased.

Trend of confidence in the next three months SMEs are confident that the turnover and orders will increase from the present, resulting in production volumes. and increased liquidity as well while the concerns over high cost have been somewhat eased. or employment is still at a low level

Dr. Mayukphan Referring to the opinion poll of SMEs entrepreneurs on inflation and rising energy prices, it was found that 97.60% was affected by transport costs and raw material prices. Decreased purchasing power of customers In the past, more than 53.07% have adjusted through the price increase of goods and services, while 36.48% reduce costs, such as finding other raw materials to replace or finding new suppliers, including reducing the size and quantity. and improve the production process to be efficient Apply technology to business, etc.

However, what SME entrepreneurs want the government to help or solve the problem of inflation and rising energy prices, the first one is to freeze the price of diesel and utilities, and the second is to control the price of raw materials. and want to freeze the price of cooking gas Most SMEs need capital. to enhance liquidity during inflation coupled with consulting to help improve cost reduction or improve processes to be efficient In addition, the survey results show that SMEs entrepreneurs have the idea of ​​applying the BCG Model to their businesses. To improve and increase efficiency in the production process or service add value of goods and services Reduce emissions or pollution and increase energy efficiency. However, the proportion of SMEs who apply the BCG Model concept to their businesses is still a small proportion, or only 2.6% of the sample group. Relevant agencies should consider increasing public relations communication among SMEs in order to create awareness, understanding and benefits from applying the BCG Model policy to their businesses. And there should be measures to encourage SME entrepreneurs to implement the BCG Model policy more and more.

Mr. Mughal concluded at the end that From the survey results reflecting the vulnerability of some SMEs, including the recovery from the COVID-19 situation and concerns over cost conditions, therefore, SME Bank will monitor the economic situation and SMEs business, including the direction of policy interest This will affect the financial cost of the business closely. In order to help mitigate the impact that may occur to SMEs entrepreneurs in a timely manner, especially taking care of the financial costs of SMEs entrepreneurs to be able to plan appropriate management. Along with promoting the entry into the BCG Model, which helps reduce the cost of the business. Ready to support “top-up capital” with BCG Loan, loan amount up to 50 million baht, special conditions, interest starting at 4% per year, installments up to 12 years, principal repayment up to 2 years, along with support for “development” with partner agencies Implemented the “SME D Coach” project, organized activities to add knowledge and provide business advice from professional experts without any cost, which corresponds to the needs of SMEs entrepreneurs

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