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Business registrations down 10% in June

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Business registrations down 10% in June

BANGKOK, 16 July 2014 (NNT) – The Department of Business Development (DBD) indicates a year-on-year decline of 10 percent in the business registration figure of June, standing at 5,199, while significant shrinkage is found among lottery businesses.


DBD Director-General Pongpun Gearaviriyapun revealed that the department received 5,199 requests to register new businesses in June, with a total value of 17.6 billion baht.

Even though the figure is an increase of 13 percent compared to May, it is a 10 percent decrease compared to the same month in 2013. As a result, the number of registrations during the first six months of this year accumulates to 29,400, dropping from the same period last year by 19 percent.

Ms Pongpun pointed out that a major reason for the registration slump was that the authorities had become more stringent on the opening of new lottery businesses. Only one lottery business was registered in June, as opposed to 817 in the same month last year.

Meanwhile, 1,286 businesses carrying a combined capital of 5.87 billion baht were cancelled in June, 10 percent higher than last year and 54 percent higher than May.

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Kick-backs being monitored is a grand help. Too many new business owners (gangsters - sic police) now fear being found out...

Kick-backs being monitored is a grand help. Too many new business owners (gangsters - sic police) now fear being found out...

Nah -- the junta is only supporting the three big companies that buy lottery tickets wholesale now (one of which is military owned).

The little dogs get no bones now. Allotment requests for tickets are being requested by clean business people...and are ignored.

More selective anti-corruption and selective assistance....of course, making such observations are obviously from wearing red spectacles while guzzling ear wax medicine...

NOT

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What's a lottery business? I thought it was a state monopoly...

Yes. I am also confused. Lottery business? Someone can explain? I thought there is only one state owned lottery.

Wonder what percentage of businesses were sold or folded in June?

19% down for the year. Sounds more like lack of confidence in opening a business? Or a consequence to having a military coup?

The lottery business; does that mean each person running around the streets has to register as a business?

What's a lottery business? I thought it was a state monopoly...

Yes. I am also confused. Lottery business? Someone can explain? I thought there is only one state owned lottery.

I assume it means wholesale lottery ticket businesses where people have wholesale allocations of tickets that they sell on to the vendors in small shops or the people walking round selling them and obviously their own shop. The small shops could be the businesses as well I suppose.

Apparently there was a rule change under the last government, last year I think and the above businesses profits plummeted from what I have been told and went to...have a guess... instead.

Thailand is catching up with the rest of the world, the Global economy has major problems ,

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