Bangkok – According to Thailand’s Department of Business Development (DBD), more than 7,000 new businesses were registered in January, a strong indication of economic expansion. The department expects there will be 70,000 – 72,000 new businesses this year.
DBD Director-General Vutttikrail Leewiraphan made the statement, saying there were a total of 7,311 new businesses last month, an increase of 5% year-on-year, and a 78% leap from the previous month.
The top three new businesses last month were in construction, real estate and logistics. The combined capital for the new businesses in January was about 17.7 billion baht. However, the director-general expects that figure will contract slightly this month.
He also pointed out that 1,400 businesses applied for deregistration last month, an increase of 4% year-on-year. There were a total of 718,777 businesses operating nationwide at the end of January 2019.