The country has lost an estimated 25.4 billion baht in investment value from the closures. "During the same period in 2019, 666 factories closed permanently in Thailand, so the DIW is actually not very concerned about the factory closures because they are relatively normal," he said. "What the full impact of the pandemic will be on factories so far in the first half of the year is difficult to gauge," Mr Prakob said. Mr Prakob said the DIW has proposed to the Industry Ministry an economic rehabilitation plan of five projects worth a total of 148 billion baht to support domestic factories. "The government wants to support factories with access to soft loans at low interest rates," Mr Prakob said.

Source: Bangkok Post June 30, 2020 23:41 UTC