COMPANY CLOSURES UP 11 PER CENT IN MAY
Newly registered companies in May 2019 reached 5,942 companies, up 1 per cent from the same month of last year, with registered capital worth Bt35.21 billion, up 67 per cent from the same month of last year, the Business Development Department of Commerce Ministry reported yesterday.
The department’s deputy director-general, Sorada Lertharpachit, said that the top three sectors registering new businesses were construction firms, property firms, and food and restaurant.
The first five months of this year have seen 32,636 newly registered companies, up 5 per cent from the same period of last year, she said.
Meanwhile, 1,130 companies shut down their businesses in May this year, up 11 per cent from the same period of last year, with total capital of Bt3.53 billion, a drop of 8 per cent from the same period of last year. When the first five months of the year were combined, shuttered companies totalled 5,403, up 10 per cent from the same period of last year.
The department also approved 47 foreign firms in May this year with an investment value of Bt6.59 billion. Companies from Japan topped the ranking for the month, with 22 firms and a total value of Bt2.75 billion, followed by six firms from China with total Bt790-million investment and five Singapore firms valued at Bt60 million, she said.
