Connect with us

Phuket

Business registrations soared in 1999

Published

 on 

Business registrations soared in 1999 | Thaiger

PHUKET TOWN: Business confidence soared in Phuket last year, with the number of companies registering in the province leaping by more than 50% compared with 1998, and comfortably exceeding even the pre-Asian-Crisis levels of 1996. Figures compiled by the Phuket Commercial Registration Office show 505 limited companies were registered last year, compared with 332 in the previous year, 311 in 1997 and 445 in 1996. All but 5% of the new companies are in the travel industry. Wirachai Tantiwatthanawanlop, chief of the Registration Office, told the Gazette that he expects the trend this year to be the same, with an even greater number of registrations, the vast majority of them being once again in the travel industry. In addition to the improved economic situation in Thailand – especially in Phuket – political uncertainty in neighboring countries, particularly Indonesia, appears to have prompted increased confidence in the island’s tourism potential. The Registration Office also recorded the closure of 49 limited companies, down from 66 in 1998, a fall of 26%.

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand2 hours ago

Man arrested for spycam porn, 39 videos feature Thai stars

Thailand2 hours ago

Is poor English proficiency holding Thailand back?

Thailand2 hours ago

Shopee stops all bank payments after hackers steal from customer in Thailand

Sponsored10 hours ago

Challenges of starting a business in Thailand as a foreigner

Thailand2 hours ago

Thailand News Today | CAAT warns Thai VietJet for canceling three Phuket

Crime3 hours ago

Cat killer feels no guilt over sadistic act

Koh Samui3 hours ago

Koh Samui’s Moving Market – a hidden local treat

Join the conversation on the Thaiger Talk forums today!
Visa3 hours ago

Thailand’s 10 year LTR visa most popular among Americans and Chinese

Politics4 hours ago

Thailand PM wants to groom successor in two years

Bangkok4 hours ago

VIDEO: Taxi meter rises suspiciously quickly in Bangkok, Thailand

Thailand5 hours ago

Man wins 144 million baht in Thailand’s lottery

Bangkok5 hours ago

Plumber murders and robs Thai woman in Bangkok

Drugs6 hours ago

Man returns for bag with meth pills he left at restaurant

Transport6 hours ago

Porsche sales in Thailand roaring thanks to nation’s entrepreneurs

Visa6 hours ago

Overstay crackdown uses facial recognition tech

Thailand7 hours ago

Father dies trying to save son from teenage gang

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending