Business closures jump 17% in first eight months
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The number of business closures increased considerably in the first eight months as a result of lower crop and fuel prices and the strict regulating of the lottery industry, said the Business Development Department.
The department reported that the number of business closures rose 17 per cent year on year to 9,984 compared with 8,563 during the same period in 2014.
Pongpun Gearaviriyapun, director-general of the department, said that while the increase in closures was quite high, it was not a surprise because firms selling lottery tickets accounted for most of the shutdowns.
