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Investors hold off on setting up new companies in current situation

May 27. 2020
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By THE NATION

The month of April only saw 3,996 companies being registered, marking a 34 per cent drop month on month and 33 per cent drop year on year, the Department of Business Development's director general Vuttikrai Leewiraphan said.

The department has reportedly attributed this decline to the Covid-19 fallout, which is forcing investors to wait until the situation improves.

The top three newly registered businesses in April were construction, property and management consultation.

Meanwhile, April also saw 817 companies dissolved, down 14 per cent from March and 17 per cent from the same period last year. The top three dissolved businesses were construction, real estate and restaurants.

Between January and April, 23,411 new companies were registered, with a total capital of Bt80.142 billion, down 12 per cent from the same period last year, while the number of dissolved companies was 3,986 with a total capital of Bt18.24 billion, down 7 per cent.

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