Survey finds many small firms on brink of closure

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Published by
The Bangkok Post

Survey finds many small firms on brink of closure More than half say they need more liquidity Many smaller companies in Thailand could already be out of business as they struggle with falling income, rising costs and a lack of liquidity due to the impacts of the coronavirus pandemic, a university survey showed on Friday. Thailand’s roughly 3 million small and medium-sized businesses are key drivers of its economy. A majority of SMEs surveyed by the University of the Thai Chamber of Commerce forecast the economy grow only 1%-2% next year. SMEs account for about 40% of gross domestic product and…

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