The number of “dissolved companies” (= dissolved and bankrupt : LTD companies + LTD partnerships + Ordinary Partnerships) has exploded by +428 % in august, compared to august 2008 (5 329 versus 1 009).
And furthermore, the striking jump in may (12 384 companies dissolved) was absolutely not revised.
I guess this is another Green Shoots Story ?
Everything is fine.
And it’s a lagging indicator… It takes months, sometimes even years… to close a company in Thailand… It was so difficult before that (the law has changed since) it was easier to put businesses at sleep… No need to close them down. Too complicated. 😉 Why bother with papers ? And the thai bureaucracy was so stupid… Anyway.
My point : the massacre we see now… is like a picture taken a few months ago… Now ask yourself : will the situation improve in the coming months ? Do you believe we will have less or more bankruptcies ?
Congratulations, you just have won a picture of Abhisit (with his grey suit, in Super 150’s Fine Virgin Wool). 😉
Next time, if you’re lucky, you’ll get a picture of me. Running naked in a Green Shoots forrest.