Bangkok: The Thai People's Party has initiated a novel approach to tackle the ongoing debt crisis facing small and medium enterprises (SMEs) in Thailand. The party's recent discussion culminated in the proposal of a "debt into equity" conversion strategy, utilizing "preferred stock" as a financial instrument. This innovative solution aims to provide SMEs the flexibility of receiving dividends at a fixed rate, easing their financial burdens and promoting economic recovery.
According to Thai News Agency, the meeting, held at the Thai People's Party headquarters, was attended by key figures including Mr. Ekkasit Kunanantakul, the party leader, and economic advisors Mr. Pran Siamwalla and Mr. Khomsan Wichitwikrom. Also present was Mr. Kampanat Jiraprakkul, a well-known influencer from the TikTok channel JustGolff, along with members of the party's executive committee.
The proposed strategy is expected to offer significant advantages to SMEs by alleviating the pressures of heavy debt, thereby fostering a conducive environment for recovery and long-term economic sustainability. The party emphasized its commitment to continue developing policies that address the challenges faced by SMEs and to empower them to play a pivotal role in strengthening the national economy.
The Thai People's Party expressed its readiness to advance efforts in supporting SMEs through comprehensive measures tailored to meet their needs and drive sustainable economic growth.