New firm registration to rise 14%The Commerce Ministry is upbeat about new business registrations this year, driven by e-commerce, herbal businesses, delivery services, and businesses related to computers as consumers change their behaviour and more people work from home. Sorada Lertharpachit, deputy director-general of the Business Development Department, said new business registrations this year are expected to grow by 13.7% to 72,000, outstripping the 63,340 last year and the department target of 65,000 to 70,000 for this year. The department reported yesterday new business registrations rose 15% year-on-year in the first 11 months this year to 69,253, with combined registered capital worth 212 billion baht, up by 2%. Some 13,617 firms ceased operation, down by 9% year-on-year, with a combined registered capital of 362 billion baht, up 382%. In November, new business registration rose 26% year-on-year to 5,642, with registered capital worth 17 billion baht, up 9%.

Source: Bangkok Post December 24, 2021 11:05 UTC