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SME Bank joins hands with Sasin to explore the confidence of SMEs in the 2nd and 3rd quarter after the Covid-19 outbreak Launching a campaign for SMEs Re-Start to support tourism recovery Pushing technology to reduce costs

SME Bank joins hands with Sasin to explore the confidence of SMEs in the 2nd – 3rd quarter after the Covid-19 outbreak
Launching a campaign for SMEs Re-Start to support tourism recovery Pushing technology to reduce costs

SME Bank joins hands with the Sasin Graduate Institute of Business Administration to reveal “the survey results of SMEs confidence in the economy and business” indicating that the 2nd quarter of the year 2022 increased to 56.00 and the 3rd quarter of 2022 increased to 62.91, benefiting the situation of COVID-19 Unraveling the group of SMEs, travel with the highest confidence move forward “Fill up capital for development” launches SME Re-Start loan campaign together with promoting technology to help reduce costs drive to expand investment encourage more employment Help drive the Thai economy

  

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 Q2/22 and forecasting the future” via online system that SMEs by “Research and Information Center of SMEs” together with “Research and Consulting Center Sasin Graduate Institute of Business Administration of Chulalongkorn University” conducted a survey of SME entrepreneurs’ confidence in the economy and business for the 2nd quarter of 2022 and forecasting the future. To provide information for all sectors involved in supporting SMEs to see the perspectives of SMEs and the direction of adaptation. which is prepared on a quarterly basis to be aware of the situation can be used to plan the operation appropriately and maximize benefits to SMEs. At the same time, SME Bank will use it as information to develop credit products and services to meet the needs of SMEs.

  

Dr. Mayukphan Chaimankong, Project Director Research and Consulting Center Sasin Graduate Institute of Business Administration of Chulalongkorn University revealed that from a survey of 504 SMEs across the country Covering all industries, it was found that in the second quarter of 2022, SMEs had confidence in the economy and business at the level of 56.00 and the third quarter of 2022 is expected to increase to the level of 62.91 from the main positive factor, namely the Covid situation. -19 Unfolding, gaining new customers or new groups The number of tourists has increased increased purchasing power Customers are willing to pay and orders increased, respectively, with medium-sized SMEs being the group with the highest current and future confidence.

When considering by industry type, it was found that SMEs in the tourism business sector have the highest confidence Both at present and in the 3rd quarter, with the proportion of entrepreneurs expected to invest more in the 2nd and 3rd quarter, higher than other types of businesses Including the proportion of entrepreneurs who are expected to employ more than other types of businesses as well As for the construction sector, confidence in the second quarter decreased from the previous quarter. due to the increased cost effect Lack of liquidity. However, confidence in the future has increased.

In addition, the vast majority of SMEs, 69.84%, expect their business performance to return to the same level as the pre-COVID-19 epidemic during 2023 onwards, divided between 36.90% during 2023 and after 2023. at 32.94%
As for the situation of COVID-19 in the past, 59.33% of SMEs said they had been severely affected, especially SMEs in the tourism sector. most affected The main factors are the number of customers and the decrease in purchasing power of customers. During the COVID-19 crisis, the vast majority of SMEs, up to 64.48%, adjusted by reducing costs. and a proportion of 61.11%, using digital technology or online media to adapt, such as online advertising Create a website/facebook to sell products. Adding contactless payment methods Expand online sales channels, etc.

The survey results show that SMEs have the greatest need for business development in terms of technology and innovation, with the assistance they need from the government the most is co-payment support to help cover the cost of training and development. Business, human resource development, up to 42.86%, funding or experts in innovation development 36.31%, and expanding economic stimulus measures 27.38%. The most needed assistance from financial institutions is soft loans to enhance liquidity. 77.58%, debt moratorium 41.27% and debt restructuring 21.57%

Mr. Mughal added that From the survey results It clearly shows that SMEs focus on adjusting their business with technology for both marketing and production upgrades. Therefore, SME Bank as a development bank Always focus on supporting SMEs to keep up with technology. and will expand the effect more broadly through cooperation with partner agencies with expertise, for example, with King Mongkut’s University of Technology Thonburi, supporting SMEs to use technology and innovation to enhance their business, etc.

Another interesting point, most SMEs want the government to support co-payment (Co-payment) to help reduce the cost of increasing business potential, such as business development training, personnel development, as well as support for capital and experts in innovation development. Ready to be an intermediary connecting SMEs with government co-paying projects or an agency that specializes in innovation development

while SMEs in the tourism business which is the group that is most severely affected But when the Covid-19 situation unfolds, it becomes a group that wants to invest and hire more than other groups. In line with the guidelines of the Bank of Thailand, which aims to continuously support SMEs in tourism business according to the policies assigned by the government. Through the measures of “financial” since the outbreak of COVID-19 brought access to sources of capital through various credit projects, totaling more than 60,000 million baht, amounting to more than 30,000 cases, such as loans to raise the economy

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