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.
Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam
The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.
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
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.(more…)
Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval
With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.
Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.(more…)
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