Business Department Aims to Promote SME Listings
BANGKOK (NNT) – The Business Development Department has vowed to step up support for medium-sized wholesale and retail operators listing on the Stock Exchange of Thailand (SET) to raise funds to finance business expansion, in addition to ensuring their good corporate governance.
Deputy director-general Poonpong Naiyanapakorn said the department has teamed up with the SET to promote 213 potential smart medium-sized wholesalers and retailers in the pilot project to list on the bourse under the partnership scheme between the SET and the department.
He insisted listing on the SET will help strengthen the calibre of small and medium-sized enterprises (SMEs), helping them to increase in scale because they can raise funds for future expansion and add branches to allow them to better compete with modern trade.
The department is also committed to upgrading existing traditional retailers to become smart operators by helping them systemize their store management with modern standards to reduce production costs and increase profits.