Number of newly registered firms falls 1% in July
The number of newly registered companies in July stood at 5,667, down 1 per cent month on month and 12 per cent year on year due to potential investors’ concerns over the Covid-19 fallout, said the Department of Business Development.
However, the situation is better than at the onset of the outbreak, added its deputy director-general Sorada Lertharpachit.
Registered capital of newly founded companies in July was Bt16.714 billion, up 13 per cent month on month but down 27 per cent year on year.
Most of the new companies are in construction, followed by real estate and logistics.
Normally, restaurants and eateries rank third, but that changed in May when they were replaced by logistics and e-commerce businesses as consumers switched to online retail channels during lockdown.
The number of dissolved companies in July was 1,261, down 6 per cent from June and 21 per cent year on year. Their registered capital was Bt7.668 billion, down 49 per cent month on month and 7 per cent year on year.
