InfoQuest (October 28, 2020) - Director General, Department of Business Development Thosapone Dansuputra announced that 5,636 companies applied for registration as joint-stock ones in September 2020 in Thailand, down 19 percent from the same period last year and registered assets totaling 12.782 billion baht.
General construction, real estate and catering service in restaurants/restaurants become top three sectors with the highest number of new companies registered, amounting to 592 companies, 237 companies and 185 companies respectively, which accounted for 11 percent, 4 percent and 3 percent.
The number of companies closed down in September plunged 19 percent y/y to 1,568, with total 8.48 billion baht registered assets; most of which were engaged in general construction, real estate and hotels.
As of September 2020, Thailand has 187,912 joint stock and general private shareholding companies, 584,818 limited companies, and 1,282 public limited companies, with a total asset of 18.62 trillion baht.
51 companies were issued with foreigner business licenses in September, of which 22 obtained business licenses and 29 obtained business certificates; foreign investment totaled 15.502 billion baht, up 6.413 billion baht and 71 percent higher than August, Thosapone added.
In September, 14 Japanese investors contributed 1.372 billion baht in Thailand, followed by 712 million baht from 4 Dutch investors and 260 million baht from 4 Hong Kong investors.
Source: InfoQuest, by Ponnareu/Kasamarporn/Rachada, translated by Xinhua Silk Road
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