Thailand sees ten-year high in new business registrations, surpasses projections

The Business Development Department of Thailand’s Commerce Ministry reported an exceedance of its new business registration projections for the first half of the year. The original estimate of 42,000 to 45,000 new registrations translated to a practical figure of 47,286. A positive development which signals a thriving entrepreneurial climate.

This buoyant climate has encouraged an upward revision of predictions for the second half of the year. The revised estimates now project the likelihood of 36,000 to 43,000 new corporate registrations. Accordingly, the overall tally for the year could be estimated at around 83,000 to 90,000. This represents a marked surge from the earlier projection of 75,000 to 78,000, besides an upward trend from last year’s total of 76,488 registrations.

As Thosapone Dansuputra, the department’s…