Business registrations in 2016 hit 3-year high

 Business registrations in 2016 hit 3-year high

Terminal 21 mall in Bangkok. Photo: Wikimedia Commons.

BANGKOK, 24 January 2017 (NNT) – The Department of Business Development (DBD) has reported that business registrations last year totaled over 64,000, the highest in three years, following signs of economic recovery and investment stimulus measures.

According to DBD Director-General Banjongjitt Angsusingh, a total of 64,288 new business entities were set up throughout 2016, with a combined capital of 236 billion baht. The registration number was 7 percent higher compared to 2015 and reached a three-year record high. The government’s investment promotion policy and economic improvement were cited as the main supporting factors.

Full story: NNT

Reporter: Surapan Laotharanarit


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