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Thailand’s businesses shut down up 19% in 2015

About 22,500 business enterprises have registered to fold up their businesses last year representing an increase of 19 percent from 18,900 cases in 2014, according to the Business Development Department.

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About 22,500 business enterprises have registered to fold up their businesses last year representing an increase of 19 percent from 18,900 cases in 2014, according to the Business Development Department.

The department chief, Ms Pongphan Chienviriyaphan, said today that it was a normal practice around yearend when many operators registered with the department to fold up their business because they were reluctant to submit their financial budget to the department.

Also, she said that the tightening up of control over lottery trading had prompted many lottery traders to dissolve their businesses.

Altogether 3,924 lottery traders folded up their businesses last year, including 831 cases in December alone, compared to 2,498 cases in 2014.

In December, altogether 3,237 companies and partnerships were set up, representing a decrease of three percent compared to the figures a year earlier.

For the whole year, about 60,000 new companies were set up compared to 59,400 cases a year earlier.

Mrs Pongphan said that the number of new businesses was in line with global economic slowdown.

Source: Over 22,000 business enterprises folded up last year

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Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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