The Green Shoots Saga continues, unabated.
Number of “dissolved companies” (AKA = dissolved and bankrupt : LTD companies + LTD partnerships + Ordinary Partnerships) has exploded by 113 % in may, compared to may 2008 !
10 251 companies disappeared from the radar screens in may versus 4 811 the previous year (and 3 125 in may 2007).
And don’t forget : this is a very lagging indicator (dissolution of a company can take… months… even years to be completed…)… So it’s clearly not a good news.
But no one (even among clowns) should be surprised : businesses face very tough environment… therefore, it’s perfectly normal… many companies are closing. And it could even get worse.
As for the creation, we had -7 % in may year on year.
(Source Department of Business Development)
Anyway. Be cool. The clowns gang, Abhisit, the Bank Of Thailand… they all repeat that the thai economy has bottomed out… and the “recovery” is under way 😉
Sleep well. 😉