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Company registration down 13%, but E-commerce Skyrocketing

E-commerce business registrations increased fivefold during the first 10 months of this year, the Commerce Ministry’s Business Development Department reported.

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Business Development Department says it received 13% less applications for company registration this year, attributing economic slowdown as a main reason.

The department says the number of applicants amounted to 5,302 in September, down by 777 or 13% year on year.

But at the same time E-commerce business registrations increased fivefold during the first 10 months of this year, the Commerce Ministry’s Business Development Department reported.

The number of e-commerce registrations reached 15,363, up by 544 per cent compared with the first 10 months of last year.

According to Pongpun Gearaviriyapun, director-general of the department, the top three online businesses are those related to computing and the Internet, accounting for 17 per cent of the total, followed by fashion and apparel with 16 per cent, and health and medical care with 12 per cent.

The number of business closures increased in the first nine months by 16 per cent to 11,862, largely because the department has been clearing its registration system of inactive businesses.

The department projects between 60,000 and 65,000 newly registered companies this year.

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Business

Bangkok allows five types of venues to reopen

The Bangkok Metropolitan Administration (BMA) has announced the latest Order of the Temporary Closure of Premises (No. 32), allowing the following five types of venues in Bangkok to reopen from 14 June, 2021.

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The Bangkok Metropolitan Administration (BMA) has announced the latest Order of the Temporary Closure of Premises (No. 32), allowing the following five types of venues in Bangkok to reopen from 14 June 2021.

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Business

Thai economy in the pandemic era: can it ever be the same?

What is the way forward for Thailand, and how strong is the case for a radical overhaul of economic and development policies?

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Forecasts for Thai economic growth this year have been widely slashed to less than 2%, some much lower, reflecting growing gloom about the trajectory of an economy battling the third wave of COVID-19 and resulting lockdowns and social distancing measures.

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