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Economy July 18, 2017 01:00

By The Nation

OVERHANGING CABLES TO GO UNDERGROUND



The Metropolitan Electricity Authoriry (MEA), the National Broadcasting and Telecommunications Commission (NBTC), and the Telecommunications Association of Thailand, yesterday said they will remove overhanging cables on the Phaholyothin Road, from Lat Prao intersection to Victory Monument.

The overhead cable will be placed in the MEA’s underground system. The owners of the lines will have to lease the space for the underground cables.

The entire project, devided into four phases, will be completed within September. The first phase will begin early August, from Lat Prao intersection to Bang Sue canel. It will be followed by the second phase in the middle of the month on Pradipat Road, third phase in early September on Bangsue Road, and the last phase from Phaholyothon Soi7 to the Victory Monument area in the middle of September. The move is in line with the government policy to improve the Bangkok landscape.

NEW REGISTRATIONS IN JUNE 

About 6,525 companies were registered nationwide in June, led by construction firms given the government's mega-investment projects and real estate activities along the mass rapid transit lines, according to the Department of Business Development (DBD).

Banjongjitt Angsusingh, DBD director-general, said that the number of newly-registered firms in June rose 10 per cent from the same month last year and 12 per cent from a month earlier while the total registered capital of the new entities surged 130 per cent to Bt40.92 billion.

Meanwhile, about 1,548 registered firms terminated their operations during the month, an increase of 11 per cent from the same month last year and 44 per cent from a month earlier. The total of terminated capital in June declined 20 per cent to Bt8.08 billion form the same month last year.

Among the new companies registered in June, building and construction firms led the top-five, followed by new entries in the property, retail and restaurant sectors as well as goods transfer and transportation businesses as a result of more investment in the Eastern Economic Corridor and export expansion. 

In the first six months of this year, the number of newly-registered firms climbed 11 per cent to 35,942 with a 30 per cent rise in combined registered capital to Bt164.28 billion.

 In the corresponding period, businesses terminated fell 5 per cent to 6,481 with a 52 per cent drop in total capital to Bt31.53 billion.

DBD expressed confidence that the number of newly-registered firms will reach 66,000 this year amid recovery of the Thai economy, growing private consumption, and higher purchasing power of households, Banjongjitt said, adding that tourism and foreign investment have also made progress.