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Provincial Retailers Urge MPC to Cut Interest Rates Amid Wage Increase Concerns

Provincial retailers are asking the MPC to reduce interest rates to improve business life. Worried about the 400 baht wage increase, flock to reduce OT, increase product prices

On April 26 Milin Wirarattanaroj Mr CEO, Tang Ngeesun Supermarket, Udon Thani Province It revealed that commercial banks and government banks are ready to reduce the interest rate for main retail customers (MRR) by another 0.25% per annum for a period of 6 months for vulnerable customers and small entrepreneurs (SMEs) It is considered that this helps to give new life to debtors and small entrepreneurs to recover, even if only for 6 months, it is still better than no policy coming out.

Mr However, I would like to ask the Monetary Policy Committee (MPC) to meet at the next meeting. Consider further reducing the policy interest rate by at least 0.25% per annum, which is still good to help give more business to more sectors. Because doing business is no longer the same. with the economic situation making trading difficult and they have no working capital You need to use a revolving loan from a bank to do business.

“In the second half of this year The business sector still has to face many negative factors, such as raising the minimum wage to 400 baht, oil prices, etc., all of which affect the cost of production products. Regarding the labor cost of 400 baht, if it increases again, the supplier There may be a reduction in occupational therapy or there may not be any at all. To reduce the burden of expenses and product production costs Regarding product prices, if they cannot handle it, manufacturers will have to gradually increase them. If possible, lower the interest rate further and don’t increase the salary to 400 baht. Although wages have risen Making people have extra income But the cost of living will increase accordingly. of products and food that have increased in price,” said Mr. Milin.

Mr. Regarding logging into the digital wallet project To begin with, we looked at the definition of a small shop. The store may not be in the conditions. the shop itself would like to be able to log into the system Because in the past, taxes were always paid to the government sector. Therefore, I would like to ask the government to clearly define the definition of a small shop. Before applications open in the 3rd quarter of 2024.

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