Small and medium-sized enterprise (SME) ministers from Asia-Pacific Economic Cooperation (APEC) economies have convened in Phuket province to promote Thailand’s Bio-Circular-Green (BCG) economic model.
The APEC SME ministerial meetings, organized by the Office of Small and Medium Enterprises Promotion (OSMEP) at the SAii Laguna Hotel, will run until September 10.
OSMEP Director Weerapong Malai said the meetings serve as a vital platform for Thai SMEs to connect with peers and enterprises in the Asia-Pacific and those seeking to extend their investment base in the region.
Weerapong noted that discussions would center on how micro, small and medium-sized firms (MSMEs) can adapt to meet the growing demands of the global marketplace.
The event will also feature prominent public and private sector leaders and lecturers, such as VikramAhuja of Singapore’s Giken Mobility and Janekrishna Kanatharana of Thailand’s National Science and Technology Development Agency.
According to Wimonkan Kosumas, Deputy Director of OSMEP, Phuket’s approximately 42,000 firms contributed over 85 billion baht to the economy in 2021. 69% of all establishments are in the tourism industry, while 26% are in the retail and commerce sector. (NNT)
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