More firms register for business in Thailand

Tuesday, 11 September 2012 By  MCOT

BANGKOK, Sept 10 – Thailand’s commerce ministry registered 5,584 new companies in August, an 11 per cent increase year on year thanks to increasing investment, household consumption and the government’s economic stimulus policy, a senior official said Monday.

Deputy Commerce Minister Siriwat Kajornprasart said among the three top registered company categories, 680 were involved in recreation service, 500 in construction and 246 in the property business.

A total of 2,242 companies were in Bangkok and 3,342 upcountry, with a combined registered investment of Bt28.993 billion.

Compared to July when 5,621 companies registered with the commerce ministry, August saw a 0.6 per cent decrease, while eight months registration total from January through August 2012 was 0.07 per cent lower compared to the same period in 2011.

However, 1,354 companies with a total registered investment of Bt6 billion sought to revoke their registrations in August.

Currently, 523,388 companies—944 of them public—have registered with the commerce ministry.

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