Bangkok - Some 1,307 companies went bankrupt last month in Thailand, up 53.7 per cent from the same period of 2008, the Department of Business Development announced Tuesday.
Most of the bankrupt firms were in the construction sector, real estate and services, while almost half of them were in Bangkok, the department revealed.
Like most export-oriented Asian economies, Thailand has already been hard-hit by the global financial crisis that has reduced demand in major importing countries such as the US, Europe and Japan.