Thai business closures rise 8.3% in first four months
The top three sectors with the highest closures are general construction with 372 closures, real estate - 184 closures, and restaurants/eateries - 159 closures.
A miniature housing model is displayed at a house and condo fair held at the Queen Sirikit National Convention Center in Bangkok. (Photo: bangkokpost.com)
Bangkok (VNA) ♋- A total of 3,921 businesses in Thailand ceased operations in the first four months of 2025, an increase of 8.3% compared to the same period last year, according to the country’s Department of Business Development.
The department reported that the total registered capital of closed businesses was 15.99 billion THB (490 million USD).
The top three sectors with the highest closures are general construction with 372 closures, real estate - 184 closures, and restaurants/eateries - 159 closures.
Key factors behind closures include soaring household debts that have reduced consumer spending, a volatile global economy and uncertainty over US trade policies.
Meanwhile, new business registrations totalled 30,148 during the same period, though this reflects a decrease of 1,385 registrations, or 4.4%, from the first four months of 2024.
Kasikorn Research Centre (K-Research) predicted that more Thai factories will close this year than in the past two years, citing a weakening manufacturing sector and ongoing economic challenges./.
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