Nonthaburi, April 19 – The Ministry of Commerce is pleased with the overall Thai economy that has really recovered, pushing the number of new registrations in March 2023 to 9,179, which is considered the highest number in 10 years, resulting in an increase in the first quarter of 2023 according to type. A good growing business is real estate business. general building construction and restaurant/restaurant business Expected to reach 77,000 for the year

Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce revealed that The total number of business registrations in March 2023 has 9,179 new business registrations, an increase from the previous month (February 2023), representing 7.52% and an increase compared to the same period last year, representing 28.13%. (March 2022) The top 3 types of newly established businesses are real estate business with 752 people, representing 8%, general building construction business with 699 people, representing 7% and restaurant/restaurant business with 440 accounted for 5% respectively.

While the number of business cessation registrations in March 2023 was 1,102, an increase from the previous month. (February 2023) accounted for 26.81% and increased compared to the same period of The previous year accounted for 19.01% (March 2022). Business registration in the 1st quarter of 2023 had 26,182 new business registrations, an increase compared to the same period last year (Q1/2022). is 17.16%, which is in line with the trend of business dissolution over the past 5 years. The top 3 types of business dissolution are general building construction business of 122 persons, representing 11%; real estate business of 58 persons, representing 5 % and 29 restaurant/restaurant businesses, representing 3% respectively and increasing from the 4th quarter of 2022, representing 66.85%, while the registration of business cessation in the 1st quarter of 2023 amounted to 3,268, an increase when Compared to the same period last year (Q1/2022), the figure is 25.

This makes the overall picture of the establishment of the business In March and the first quarter of 2023, there was an increase in the number of business establishments. from the past From the statistics of March 2014 – 2023, the number of business establishments in March 2023 was the highest in 10 years, the same as January. and last February Causing new establishment statistics in the 1st quarter of 2023 to increase by 25.98% compared to the same period last year The top 3 most established types of businesses in Q1/2023 are general building construction businesses. real estate business and restaurant/restaurant business with the proportion of 8%, 7% and 5% respectively

In addition, it was found that the value of newly established registered capital in March 2023 increased from the same period of the previous year by 10.55 times (March 2022) and increased from the previous month by 14.65 times (February 2023) due to Merger in telecommunication business and non-life insurance business Including converting into a public company Ltd. in the holding and hotel business group

However, various economic indicators such as the Consumer Confidence Index which is in the confidence period for the fourth month, the Business Confidence Index that has increased including a slowdown in inflation reflects that the domestic economy There is a steady recovery in line with increasing monthly and quarterly registration statistics. From the aforementioned factors, the Department of Business Development estimates that new business registrations in the first half of the year 2023 are about 40,000 – 42,000 people and throughout the year 2023 are about 72,000 – 77,000 people, etc.-News Agency Thai

Source: Thai News Agency