Year-on-year rise in new registrations as economy grows

The number was 9 per cent down on the 7,159 registrations in August, however.
The top five businesses for newly founded companies last month were the building/construction, property, restaurant, ornament retailing, and transportation sectors.
Some 1,717 companies were dissolved in September, down 2 per cent on a monthly basis and 7 per cent lower year on year, she said. 
Most of the dissolutions were in the building business, real estate, management-service consultancy, machinery wholesaling and electricity-generating sectors.
Meanwhile, newly founded juristic persons during the first nine months of the year totalled 55,612, up 14 per cent year on year and with combined registered capital of Bt264.5 billion.
Kulanee said the number of newly registered firms had continued to increase, and she was confident that the overall number this year would rise between 3 per cent and 5 per cent to 66,000, thanks to the country’s economic expansion.
Business operators have confidence |in the Kingdom’s economic growth, she |added.
Last week, the University of the Thai Chamber of Commerce’s Centre for Economic and Business Forecasting revised up its 2017 economic-growth forecast to 3.9 per cent from the earlier estimate of 3.6 per cent, on the back of higher-than-expected recoveries in exports and tourism and an acceleration in public spending.
Also last week, TRIS Rating said it expected Thailand’s gross domestic product to grow by between 3.3 per cent and 3.6 per cent this year, compared with 3.2 per cent last year, driven by a recovery in exports, continued growth in the tourism industry, and a rise in household expenditure.