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Economy dominated by geopolitics turning its back on small concerns. Commerce Minister’s warning

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Thailand’s economy is growing, but Commerce Minister Supajee warns SMEs are being left behind as big firms dominate exports amid trade tensions, rising costs and climate risks. ( Source: Khaosod )

Thailand’s economy is booming on paper but leaving thousands of smaller firms behind, as exports surge, investment jumps and big corporations capture up to 90% of export growth. Ministers now warn of a dangerous two-speed economy amid rising global r

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Summary

Thailand’s economy may be growing faster than expected, but Commerce Minister Supajee Suthamphan has warned that the recovery is increasingly turning its back on small business concerns. Behind soaring exports, rising investment and stronger GDP growth lies a widening divide, with large corporations capturing up to 90% of export growth while many SMEs struggle for finance, technology and market access.

Thailand’s economic recovery is increasingly benefiting large corporations while leaving many smaller firms behind, Deputy Prime Minister and Commerce Minister Supajee Suthamphan warned on Monday.

Read full article at Thai Examiner →

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