(Photo by Apichart Jinakul)The Finance Ministry is on course to provide 2 billion baht as seed money for rehabilitating small and medium-sized enterprises (SMEs). Deputy Prime Minister Somkid Jatusripitak said on Friday that as part of efforts to aid SMEs hit hard by the economic slowdown, the Finance Ministry plans to set up a fund tasked with supporting SMEs. "The SME rehabilitation fund will be proposed to the cabinet for approval by the end of this month," Mr Somkid said. The ministry plans to enforce the long-awaited mandatory pension fund within the current government's tenure, said Mr Somkid. The Finance Ministry is also set to offer privileges to people who take care of their parents and is pushing to set up a mandatory pension fund as part of its efforts to prepare for the coming aged society.

Source: Bangkok Post July 15, 2016 21:11 UTC