Number of startups climbed in May

19-Jun-2019 Intellasia | BangkokPost | 7:04 AM Print This Post

The number of startups edged up 1 percent year-on-year in May, led by those in the construction and property sectors, as well as restaurants.

According to Sorada Lerttharpachit, deputy director -general of Business Development Department, the number of new business registrations totalled 5,942, compared with 5,865 in May last year.

However, on a monthly basis, the number dropped 0.03 percent from 5,944 in April.

The top three sectors for new business registrations in May were building and construction (530), property (371) and restaurants (164), driven by higher investment and urbanisation.

The value of registered capital surged 67 percent from May last year to 35.21 billion baht. On a monthly basis, the figures skyrocketed 134.78 percent from 15 billion baht in April.

For the first five months of this year, the number of new business registrations topped 32,636, up 5 percent from 31,034 in the same period last year.

Nonetheless, the value of registered capital for the period dropped 13 percent to 102.60 billion baht from 118.28 billion baht.

The Business Development Department’s chief predicted given the country’s economic growth prospects and seasonal trends, the new business registrations are expected to increase further in June, bringing the total number for the first six months to not fewer than 37,000.


Category: Thailand

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