The Songkhla Chamber of Commerce has proposed four measures to the cabinet. The main one is a soft loan of 25bn baht, up to 40m baht per firm, at 0% for the first 6 months and 1.5% over 5 years, with SME Guarantee Corp (บสย.) guarantees and fee waivers. It is only a proposal, not yet approved. Flood-hit Songkhla firms should check their eligibility and prepare documents if it is approved. Also note the chamber's view that insurance claims have been low compared with actual losses. Separately, the Songkhla deep-sea port's channel (about 7m deep, needs 9m+) is a proposed upgrade, which could cut logistics costs for exporters later.
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