new company Aug. Bustling, up 33%. PM points to the 4th quarter. normal

Mr. Thosapol Thangsubutr, Director-General of the Department of Business Development, revealed that in August 2022, 7,418 new businesses were established, an increase of 27% from July 2022 and an increase of 33% compared to August 2021, with a registered capital of 24,393.41 million baht, of which the 3 most newly established businesses are: General building construction business 652 cases, followed by real estate business 489 and 337 restaurants/restaurant businesses, with the highest registered capital of new businesses. The capital is not more than 1 million baht, of 5,032 companies, representing 67.83%, while the business has ceased operations of 1,941, with a registered capital value of 12,503.99 million baht, of which the 3 business liquidation is the highest, the top 3 are general building construction business, 181 cases, followed by business Real estate 92 cases Restaurant / restaurant business 60 cases The capital period is the most liquidated business is the capital range of not more than 1 million baht, 1,369 people accounted for 70.53%, making the business currently operating as of August 849,410 nationwide, with a capital value of 20.39 million. million baht, with most businesses having a capital range of not more than 1 million baht, amounting to 502,894 companies, representing 59.20%, with a total capital value of 0.44 trillion baht, or 2.16%.

Mr. Thosapol continued that for the first 8 months of 2022, 53,577 new business establishments were registered, an increase of 2% from the same period last year. Factors from the return of economic activities, schools and universities held regular teaching and learning as well as the increasing number of tourists, resulting in the recovery of tourism. and the beginning of the tourist season at the end of the year As a result, consumer confidence in August has also improved. There will be a maximum number of registrations during the first quarter. and will decrease in Q2 before increasing again in Q3 each year at the same time. When considering the registration of new establishments for the past 3 years (2019-2021), it was found that the number of new registrations will have a tendency to gradually decline at the end of the year from the above factors The department therefore forecasts new business registrations throughout the year 2022 at 68,000-72,000, which in 2021 has accumulated 72,958 new companies while cessation of business for the first 8 months of this year, 9,493. 19,326 cases

Mr. Thosapol continued that in August 2022, 58 foreigners were allowed to do business, comprising 19 business licenses and 39 business certificates, with a total investment of 9,647 million baht, resulting in 8 months. In the first year of 2022, a total of 381 foreigners were allowed to do business, an increase of 15%, with an investment of 83,282 million baht, an increase of 66% compared to the same period last year. Foreign investors who invested in Thailand the most: The first three nationalities were 14 Japanese with an investment of 3,927 million baht, followed by the US with nine with an investment of 49 million baht, and six in Singapore with an investment of 96 million baht. August 2022