New company registrations expected to hit 4-year high
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THE NUMBER of new company registrations in Thailand this year is expected to rise to the highest level in four years, following more investment by small and medium-sized enterprises (SMEs) as well as stepped-up registration by gold shops, the Business Development Department said Tuesday.
Last month, 6,279 new companies were registered in the Kingdom, a year-on-year increase of 9 per cent.
However, the combined initial investment value of these new businesses was down 42 per cent, at Bt16.49 billion, as most of the registrations were by SMEs, whose initial capital was considerably lower than the average invested by new enterprises in January last year.
Banjongjitt Angsusingh, director-general of the department, said more investors were starting up businesses this year, thanks to stronger economic growth, the government’s economic-stimulus measures and investment-promotion measures – especially in regard to infrastructure development and exemption from income tax – as well as a stronger tourism sector.
