BANGKOK (NNT) – New business registration topped 7,283 in January, the highest since January 2019, driven by the promise of Covid-19 inoculations and upbeat sentiment on the country’s economic outlook.

Business Development Department Director-General Thosapone Dansuputra said the new business registration trend in 2021 is expected to come in line with the country’s GDP outlook which is expected to recover due to the mass distribution of vaccines against Covid-19. The government’s policy to gradually ease its strict lockdown measures also helped to increase economic activities and stimulate travel.

According to Mr Thosapone, the amount of registered capital of new businesses in January also rose by 90.3% year-on-year to 30.9 billion baht and up 12.1% month-on-month from 27.6 billion baht in December.

The top three sectors for new business registrations in January were building and construction (634), real estate (299) and transport and logistics (192).

Information and Source
Reporter : Subhabhong Rarueysong
Rewriter : Tarin Angskul
National News Bureau & Public Relations :
http://thainews.prd.go.th

Source link

About the author

Leave a Reply

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Economic Recovery in East Asia and Pacific Faces Setback

While China, Indonesia, and Vietnam have already surpassed pre-pandemic levels of output, Cambodia, Malaysia, and Mongolia will only do so in 2022, and the Philippines, Thailand, and many Pacific Islands will remain below pre-pandemic levels of output even in 2023.

APEC Region’s Economy to Grow by 6% in 2021

The economy of the APEC region is expected to grow by 6 percent in 2021 but the World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic.

Stable outlook for APAC sovereigns as growth rebounds and debt stabilizes

Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.