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THAILAND: Textile industry requires support from commercial banks

The Thailand Textile Institute has urged the commercial banks for their support in sanctioning loans to textile companies, saying that the cut in new loans would lead to more factory shutdowns.

BANGKOK: The Thailand Textile Institute has urged the commercial banks for their support in sanctioning loans to textile companies, saying that the cut in new loans would lead to more factory shutdowns. Virat Tandaechanurat, executive director of the institute, said that some textile companies including Thai Silp South East Asia Import Export Co Ltd have to shut down business due to lack of understanding and trust from commercial banks. In the past year, the textile...

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