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Business

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.

Boris Sullivan

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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

Online intellectual property dispute platform to go live next year

The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.

National News Bureau of Thailand

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Pantip Plaza Electronic display

BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed with the Thai Arbitration Institute.

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Business

Thailand pushes for “Ease of Doing Business” reforms

Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

Olivier Languepin

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The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.

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Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

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Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

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