New registrations likely to outperform 2024 target

Quick Summary:

The Department of Business Development (DBD) expects new business registrations for 2024 to reach its target range of 90,000 to 98,000 as more investment budget for the 2025 fiscal year is disbursed and the high season for tourism arrives at year-end.

In the first three quarters of 2024, three categories of business activity saw a significant increase in new registrations.

This is attributed to government stimulus measures, in particular large-scale public infrastructure projects in the 2025 fiscal year, which began in October 2024, the high season for tourism from November 2024 to April 2025, and the government's debt restructuring measures.

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Article Details

Category: EconomyBusiness

Markets: ThailandMalaysiaSingaporeTaiwan

Topics: Business Billion Businesses Year Baht Registrations Department Platform Three Software 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 04:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23343541

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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