Thai Gem and Jewelry Traders Association collaborated with SME Bank Small and Medium Enterprises of Thailand (SME Bank), Kasikorn Bank, Export-Import Bank of Thailand, United Overseas Bank (Thai) Public Company Limited and Tong Hua Public Company Limited implemented liquidity enhancement measures Finding soft loan sources as an alternative for members of the association
Mr. Chomphol Phornchindarak, 1st Vice President, Thai Gem and Jewelry, Mr. Somchai Phornchindarak, Chairman of Thai Gem and jewelry Traders Association and Deputy Chairman of Advisory Board of Thai Gem and jewelry Traders Association and TGJTA Board of Directors including of the TGJTA members joined to discuss With financial institutions. The Thai Gem and Jewelry Traders Association concerned about the business liquidity problems of all group members, including diamond, gold, silver, and Gem Industry machinery. Therefore, proceeding to find sources of Soft loan funds for members to be a working capital to invest to expand and improve the business during the current situation for the affected entrepreneurs
Moreover, Thai Gem and Jewelry Traders Association (TGJTA) cooperated with The Tourism Council of Thailand implemented to helping Gem and Jewelry Entrepreneurs who affected by COVID-19 followed by The Soft Loan Project (Soft Loan). For Tourism Entrepreneurs who affected by COVID-19. The Gem and Jewelry business belong under the Tourism Industry and Souvenir. We have asked for help to Thai Government to offer the Soft loan for liquidity. In collaboration with the Government Savings Bank under The Soft Loan Project (Soft Loan) For Tourism Entrepreneurs who affected by COVID-19 lending for the entrepreneurs in Tourism Industry and people who related to Tourism Industry for special helping.
TGJTA, GJPCT Team Up to Announce Readiness for Thailand Gems & Jewelry Fair 2024 on 21-25 FEB 2024 , Aiming to Foster Sustainable Growth of the Gems and Jewelry Industry and Reduce the Government's Burden on Subsidy