Chart : number of dissolution of companies explodes in june

The Department of Business Development has published the figures for june… It’s a disaster.

If the number of registration of new companies ( = LTD companies + LTD partnerships +Ordinary partnerships) increases by 1,7 % compare to june 2007… the number of dissolution explodes by 215 % (3 504 against 1 112) !

The Deputy Director-General of the Department of Business Development, Mrs. Ketsiri Siriphakorn  says a large number of entrepreneurs have submitted their business termination notice to her department last month due to their lack of current economic direction. (PRD)

It’s an understament…

So we can update our chart, with the figures until Q2.

Overall I agree that to create 1 very large company for instance can compensate (from a macro-economic point of view) the dissolution of several small ones…

But still this indicator does not support any optimistic reading of the current economic situation.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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