SME D Bank – Sasin reveals the results of the survey of SMEs confidence index Q1/66 slowing down
worry about high energy bills increase business costs Encourage SMEs to upgrade with the BCG Model.
SME D Bank joins hands with Sasin, revealing the results of the SMEs Confidence Index survey for the first quarter of 2023, slightly slowing down. Concerned about fluctuating energy costs impact on business costs But the overall sentiment remains at a high level. from the driving force of the bustling tourism sector He said he wanted the government to control energy prices. Help support the installation of alternative energy in the area of SME D Bank, along with knowledge of partners. Encouraging SMEs to upgrade their business with the BCG Model
Small and Medium Enterprise Development Bank of Thailand or SME D Bank by “Research and Information Center, SME D Bank.” and “Research and Consulting Center” Sasin Graduate Institute of Business Administration of Chulalongkorn University revealed ” SMEs Confidence Survey on Economy and Business Q1/2023 and future forecasts From a survey of more than 500 SMEs entrepreneurs across the country. Covering all types of industries, it was found that the index of economic and business confidence of SMEs entrepreneurs in the first quarter of 2023 was at 65.09, a slight slowdown compared to the previous quarter 4/2022, which was at the level of 65.66 due to receiving The impact of concerns of SME entrepreneurs in terms of costs remains high. especially energy costs both electricity and fuel
However, the SMEs Entrepreneurs Confidence Index as a whole remained at a high level. Because the Thai economy has benefited from the continuous growth of domestic tourism. and the number of foreign tourists increasing Especially the Chinese policy to open the country. Including people returning to normal life Supporting spending during the New Year and Chinese New Year festivals expands. As a result, small businesses have more income.
As for the trend of confidence in the next 3 months, SMEs still have confidence in the economy and business at the level of 66.76, an increase from three months ago at 66.46 because of the virtue of the increased number of orders and services. according to the expansion of the domestic economy support the performance of SMEs businesses tend to increase and reduced cost concerns
When considering the confidence index on the economy and business Classified by industry, it was found that SMEs entrepreneurs in the construction sector improved higher than other businesses. This is in line with the expansion of the low-rise real estate sector. and government construction policy While entrepreneurs in the manufacturing and trade sector declined. This is because the cost burden remains at a high level. and the purchasing power of consumers began to stabilize
However, due to concerns about rising costs, 91.22% of SMEs entrepreneurs wanted the government to control energy prices, followed by 52.50% who wanted to support the installation of alternative energy. To reduce the cost of electricity, while 48.30% want to add special tax benefits to reduce the tax burden and 30.74% want to reduce social security contributions.
Ms. Nartnaree Rattapat, Managing Director The Small and Medium Enterprise Development Bank of Thailand (SME Bank) or SME D Bank concluded that from the survey results This reflects the concerns of SME entrepreneurs, both towards future economic uncertainty. As a result, investment confidence is still low. While the cost concerns are still high in this regard, in order to build long-term strength in cost management, SME D Bank, a bank for Thai SMEs has cooperated with partner agencies, both public and private sectors development support Helping SMEs Entrepreneurs Increase Production Efficiency and cost reduction especially pushing for the BCG model to be used in business enhances competency and reduce energy costs Along with helping to increase capital through “BCG Loan” credit, a credit line of up to 50 million baht, supporting SMEs entrepreneurs to modify machinery or invest in alternative energy technologies. reduce costs elevate business Increase business potential for sustainable growth