Message from JFFCT:

During the unfortunate events of the past weeks many businesses suffered losses.

The government has assured us that foreign investments / businesses will be treated the same way as Thai businesses and will have the same right to claim compensation along the set rules by the government.

The Minister of Finance has approved a loan of 10 billion Baht through the SME bank. To be eligible to apply for this support the company has to be Thai owned. This is in line with the laws governing the SME Bank and this cannot be changed easily. Obviously foreign owned business whether the ownership is through the BOI , the Foreign Business Act or the Treaty of Amity are not eligible to apply for the SME support set aside by the Minister of Finance.

If your company has suffered losses due to the prolonged demonstrations, please try to negotiate with your banks. The government is in contact with the Thai Banker’s Association looking into ways to support these businesses. At the SAME time we would urge you to submit your claims via Thai-Norwegian Chamber of Commerce to the JFCCT office indicating your company name, claim etc. The JFCCT will submit the claims as a coordinated group claim to the government in the expectation that the government will live up to their promise that foreign businesses will have the same rights for compensation and support as local businesses.

Please send all compensation claims to the JFCCT office no later than by Friday evening.