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Business registrations rise amid improving sentiment

Business registrations rise amid improving sentiment

Real estate, building industry top the list

Building and construction was the top sector for new registrations in February. (Photo by Arnun Chonmahatrakool)

Improving economic sentiment drove new business registrations in February to 7,265, up 13% from the same period last year, with rice farming among the top three for the first time.

Thosapone Dansuputra, director-general of the Business Development Department, attributed the increase to Covid-19 vaccinations, state assistance for small and medium-sized enterprises and a plan to reopen the country, allowing vaccinated foreign tourists to visit Phuket from July.

The value of registered capital for the new businesses reached 19.7 billion baht in…

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