Bangkok to host ‘credit guarantee’ meet 

Economy November 09, 2016 01:00


THE THAI Credit Guarantee Corporation (TCG), a specialised financial institution under the Finance Ministry, will host the 29th Asian Credit Supplementation Institutions Conference (ACSIC), Asia’s biggest annual gathering of such institutions, from November 23-25 at The Peninsula Bangkok.

The 120 delegates from 16 member institutions in 11 economies – Japan, South Korea, Taiwan, India, Sri Lanka, Nepal, Mongolia, the Philippines, Malaysia, Indonesia and Thailand – will be joining the conference for discussions under the theme “Credit Supplementation: The Challenges of Creating Value for Entrepreneurs”.

Deputy Finance Minister Wisudhi Srisuphan will preside over the opening ceremony and Somchai Sujjapongse, permanent secretary for the Finance Ministry, will deliver a keynote speech on “Enhancing Sustainable Growth for Thai SMEs”.

The one-and-a-half-day conference will begin with the challenges of creating value-added credit supplementation systems in the “new normal” economy, presented by South Korea and the Philippines. 

The Malaysian Credit Guarantee Corporation will propose an initiative on cross-border guarantees.

In regard to micro enterprises, India and Indonesia will share their success stories on how they have been supporting such businesses. 

The closing session will be a discussion of real cases by Malaysia, Taiwan and Thailand on how value can be created for entrepreneurs.

TCG president Nitid Manoonporn said: “As ACSIC is the largest gathering of credit-supplementation institutions in Asia, we will be using this platform to generate new ideas, exchange experiences and share best practices. 

“Each market has its own uniqueness and consumer or SME behaviour, [and] the ideas picked up from networking and various discussions will definitely enhance [highlight] the areas needing improvement.”