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SEC - Department of Industrial Promotion sign MOU to support SMEs in the industrial sector to access capital resources in the capital market.



Monday 30 September 2019 | No. 128 / 2019


Bangkok, 30 September 2019 - SEC together with the Department of Industrial Promotion, Ministry of Industry, signed a Memorandum of Understanding to cooperate in supporting small and medium-sized enterprises in the industrial sector to have access to capital sources in the capital market at the SEC Office on 30 September 2019 which is consistent with the mission of both agencies in promoting, supporting and developing the SMEs industry to reach higher capabilities.

SEC Secretary-General Ruenvadee Suwanmongkol said that supporting small and medium-sized enterprises (SMEs) to access financial instruments in the capital market is one of the factors that readies SMEs for funding in order to develop their potential and increase their ability to compete both domestically and internationally which is SEC's mission under the master plan of the 20-Year National Strategy

"This collaboration between SEC and the Department of Industrial Promotion is considered a new dimension that will help the SEC understand the real needs, problems and obstacles. And the SEC will be able to specify ways to prepare SMEs related to the industrial sector that want to raise funds according to the needs and readiness of SMEs at each stage of development in order to facilitate it and reduce funding costs," said Ruenvadee.

Director-General, Department of Industrial Promotion Mr. Kobchai Sungyasitsawat said that the development of SMEs with good potential to reach the capital market is another mission that the Department of Industrial Promotion deems important as it increases opportunities for SMEs to have the ability to compete through fundraising in the capital market for use as working capital in business operations, expand markets and expand businesses by leaps and bounds.

"The capital market is considered a source of long-term funding, creates a good image, is  transparent with professionalism in management, causing companies to be better-known and accepted by the public creating incentives for interest in investments from businesses within the country and abroad, which will support business expansion and stimulate continued growth in the country's economy," said Mr. Kobchai.

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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 128 / 2019 Monday 30 September 2019
SEC - Department of Industrial Promotion sign MOU to support SMEs in the industrial sector to access capital resources in the capital market.
Bangkok, 30 September 2019 - SEC together with the Department of Industrial Promotion, Ministry of Industry, signed a Memorandum of Understanding to cooperate in supporting small and medium-sized enterprises in the industrial sector to have access to capital sources in the capital market at the SEC Office on 30 September 2019 which is consistent with the mission of both agencies in promoting, supporting and developing the SMEs industry to reach higher capabilities.

SEC Secretary-General Ruenvadee Suwanmongkol said that supporting small and medium-sized enterprises (SMEs) to access financial instruments in the capital market is one of the factors that readies SMEs for funding in order to develop their potential and increase their ability to compete both domestically and internationally which is SEC's mission under the master plan of the 20-Year National Strategy

"This collaboration between SEC and the Department of Industrial Promotion is considered a new dimension that will help the SEC understand the real needs, problems and obstacles. And the SEC will be able to specify ways to prepare SMEs related to the industrial sector that want to raise funds according to the needs and readiness of SMEs at each stage of development in order to facilitate it and reduce funding costs," said Ruenvadee.

Director-General, Department of Industrial Promotion Mr. Kobchai Sungyasitsawat said that the development of SMEs with good potential to reach the capital market is another mission that the Department of Industrial Promotion deems important as it increases opportunities for SMEs to have the ability to compete through fundraising in the capital market for use as working capital in business operations, expand markets and expand businesses by leaps and bounds.

"The capital market is considered a source of long-term funding, creates a good image, is  transparent with professionalism in management, causing companies to be better-known and accepted by the public creating incentives for interest in investments from businesses within the country and abroad, which will support business expansion and stimulate continued growth in the country's economy," said Mr. Kobchai.

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