Hot News: Krungsri SME Index Tourism -EEC to support
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Krungsri SME Index
Tourism -EEC to support

Krungsri 'Revealed' Survey Results Krungsri SME Index Sentiment Index Rebound Supporting Factors EEC SME All economic groups in the first quarter of 2019 have continued to grow well.

Mr. Sayam Prasitsirigul, Krungsri Head of SME Banking Group, said, The latest result of Krungsri SME Index survey in the fourth quarter clearly showed that entrepreneurs have more confidence in the economic growth. Both small-sized and medium-sized enterprises from every industry in Bangkok and its vicinity, and in the provinces share the same view that the Thai economy is likely to expand further in the first quarter of this year, while the progress of EEC projects will be the main catalyst to build confidence of entrepreneurs in the eastern provinces of Rayong, Chonburi and Chachoengsao. Meanwhile, entrepreneurs in trade sector still have positive view on the economy, despite at lower rate than the previous quarter.

The quarterly survey conducted nationwide during November 1-23, 2018 showed 71% of respondents were concerned about doing businesses in the next three months, due mainly to worries about the economy, followed by political situation and operating costs.

In addition, Krungsri conducted the survey about how SME entrepreneurs enhance their competitive advantage through outsourcing. The survey found that more than half of SME entrepreneurs (56%) do not hire outsourcing, especially those in small business and trade sector. However, for those hire outsourcing, the most popular outsourced jobs were finance and accounting (52%), followed by manufacturing (12%), transportation (10%) and human resources (6%). The main reasons behind outsourcing were the need for specialists (53%) and cost-saving (24%).

For the overall economic outlook, Krungsri Research forecasts the Thai economy would continue to grow by 4.1% in 2019, and domestic consumption will be a major driver of Thai economic growth. The private investment will enter into the upcycle after the capacity utilization rate of several industries hit multi-year highs. The acceleration of Public Private Partnership (PPP fast track) and the investment in mega infrastructure projects will gather steam this year, while private consumption will continue its growth momentum, driven by rise in both farm and non-farm incomes, and increase in non-farm employment.

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EXIM Thailand Appoints Head of Banking Department

Export-Import Bank of Thailand (EXIM Thailand) appointed Miss Pornsuree Thaisriharaj as First Vice President of Banking Department, effective from now onwards, in charge of financial services for export and export-oriented import business as well as export document services and export credit utilization.

Miss Pornsuree hold a master of Business Administration in General Management from East Texas State University, United States and bachelor of Business Administration in Accounting from Thammasat University. She formerly worked as Transactional Banking Sales Head (Corporate Banking Group), Standard Chartered Bank (Thai) Pcl., Global Transactional Banking Associate Director, ANZ Bank (Thai) Pcl. Prior to joining EXIM Thailand, Miss Pornsuree was Transactional Banking Origination Head, CIMB Thai Bank Pcl.

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