Minister seeks support for export firms

Pichai looks to state-owned banks

- WICHIT CHANTANUSORNSIRI

State-owned financial institutions are being urged to step up introducing measures to support export businesses and the supply chain.

Speaking during a policy briefing to state-owned financial institutions yesterday, Finance Minister Pichai Chunhavajira said the US reciprocal tariffs would cause domestic businesses to stumble for about two years, particularly export businesses and those related to export activities.

Therefore, he said state financial institutions need to speed up rolling out assistance measures, particularly for exporters shipping to the US.

Mr Pichai also requested state financial institutions help Thai businesses compete with imports from China.