About 20,000 SMEs close in first quarter of this year due to COVID

Signs in Central Pattaya

Signs in Central Pattaya. Image: Bob in Thailand.

About 20,000 small and medium sized enterprises (SMEs), mostly in the tourism sector, closed down during the first quarter of this year, due to the impacts of the COVID-19 pandemic.

Director of the Office of SMEs Promotion (OSMEP) Veerapong Malai said over the weekend that the closure of the SMEs during the first three months of this year was reflected in the two-to-threefold increase in the number of employees seeking compensation from the Social Security Office following redundancy, compared to the same period last year.

Full story: thaipbsworld.com

By Thai PBS World

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