BANGKOK (NNT) – The Commerce Ministry is planning to help Thai businesses in Myanmar as the prolonged political conflict is affecting their liquidity, productivity and goods transport.
Commerce Ministry Permanent Secretary Boonyarit Kalayanamit said following a meeting with businesses and Thai-Myanmar border traders that he will suggest the Commerce Minister push ahead with relief measures including tax reduction and a new soft loan scheme.
He said Thai businessmen, mostly SMEs in Myanmar, are bearing the impact as many of them are facing a labor shortage. Goods transport is also disrupted and some entrepreneurs are facing liquidity problems.
Mr Boonyarit noted that if the political conflict escalates, becoming more violent and leading to further international sanctions on Myanmar, Thai businesses will face more problems.
