The Federation of Thai Industries (FTI) is increasing its efforts to help small and medium-sized enterprises (SMEs), especially micro-SMEs, as they try to cope with the financial burden of interest rate hikes and a higher minimum wage.
The Bank of Thailand's Monetary Policy Committee decided on Sept 28 to increase its policy rate to 1%, causing commercial banks to follow suit by raising both loan and deposit rates.
Last month the cabinet also approved a new daily minimum wage, ranging from 328 to 354 baht, which took effect from Oct 1.
