Economic Recovery Initiative for Small Businesses in Thailand
The Commerce Ministry of Thailand has initiated a five-month economic recovery project to assist small businesses and reduce living expenses. Led by Minister Pichai Naripthaphan with support from various government bodies, the initiative aims to cut rental fees and organize 'Commerce Markets' across 76 provinces. In collaboration with large manufacturers and retailers, the plan offers discounted essential goods to boost the economy.
The Thai Commerce Ministry, in collaboration with various government agencies, has launched an economic recovery initiative aimed at supporting small businesses nationwide.
Spearheaded by Commerce Minister Pichai Naripthaphan, the project seeks to alleviate costs for small enterprises and reduce the cost of living over a five-month period from September 2024 to January 2025.
This initiative includes plans to lower rental fees for market stalls and implement 'Commerce Markets' in all 76 provinces of Thailand.
In partnership with organizations such as the Defence Ministry, Interior Ministry, Thai Chamber of Commerce, and large retailers, the program focuses on offering discounted products and essential goods to the public.
The involvement of large manufacturers and wholesalers ensures additional price reductions and support for small businesses.
Prime Minister Paetongtarn Shinawatra is overseeing the launch and will address entrepreneurs in five key provinces, further highlighting the government's commitment to economic stimulation through this project as well as their existing 10,000-baht cash handout scheme.
Spearheaded by Commerce Minister Pichai Naripthaphan, the project seeks to alleviate costs for small enterprises and reduce the cost of living over a five-month period from September 2024 to January 2025.
This initiative includes plans to lower rental fees for market stalls and implement 'Commerce Markets' in all 76 provinces of Thailand.
In partnership with organizations such as the Defence Ministry, Interior Ministry, Thai Chamber of Commerce, and large retailers, the program focuses on offering discounted products and essential goods to the public.
The involvement of large manufacturers and wholesalers ensures additional price reductions and support for small businesses.
Prime Minister Paetongtarn Shinawatra is overseeing the launch and will address entrepreneurs in five key provinces, further highlighting the government's commitment to economic stimulation through this project as well as their existing 10,000-baht cash handout scheme.
