“Food Factors” joins with Food Innopolis NSTDA to strengthen the food business

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https://www.nationthailand.com/more/pr-news/40020888

“Food Factors” joins with Food Innopolis NSTDA to strengthen the food business

“Food Factors” joins with Food Innopolis NSTDA to strengthen the food business

MONDAY, OCTOBER 10, 2022

Food Factors, the leading food business in Thailand, joins a Memorandum of Understanding (MOU) with the National Science and Technology Development Agency (NSTDA) by Food Innopolis.

This cooperation intends to develop food innovations, strengthening small food businesses and local food to drive added value and expand their competitiveness to the international level.

Asst.Prof. Weerachai Arjharn, Ph.D. Executive Vice President, of the National Science and Technology Development Agency (NSTDA), said NSTDA prioritizes the great significance of research and development of technology to upgrade the country’s food industry. As it is one of Thailand’s key economic mechanisms driven by the agricultural sector that utilizes domestic raw materials related to the industrial sector in the production of goods to create jobs, builds entrepreneurs, drives exports and generates massive amounts of money. While cooperating with leading food business organizations in Thailand such as Food Factors, is considered an essential step in providing entrepreneurs and local food businesses with the potential to develop and expand the market to both national and international levels.

 “This project, in which NSTDA cooperates with Food Factors, is aiming to promote, support, and develop innovations, and food innovators. And it not only fills the ecosystem to drive the food business stronger but is furthermore connected and coordinated as one. Regardless, including building a new generation of innovators who will be the main force in the country’s future development to advance the country’s competitiveness on the world trade stage and meet the needs of consumers, and correspondingly drive the economy with sustainable innovation of the country.”

“Food Factors” joins with Food Innopolis NSTDA to strengthen the food business

However, to continue the outlined missions and achieve the objectives. Food Innopolis, the food innovation city, moves the project towards promoting, supporting, and developing innovations and innovators in food by signing a Memorandum of Understanding (MOU) with Food Factors Company Limited, a subsidiary of the company. Boon Rawd Brewery Co., Ltd. supports food innovation, including the development of innovative food products to meet the demands of both domestic and international markets.

Piti Bhirombhakdi, Chief Executive Officer of Food Factors Co., Ltd. said, The company has signed a Memorandum of Understanding (MOU) with the National Science and Technology Development Agency or NSTDA. This cooperation intends to promote, support, develop food innovations, and build stronger connections in the food business, especially the small entrepreneurs and entrepreneurs from Thai local wisdom to raise the value of raw materials in the country to grow nationally and internationally. In the past, Food Factors has an essential mission to develop a comprehensive food business from upstream to downstream by researching, developing, inventing products, bringing technology to support the production process, and distributing to meet the demands of consumers and markets both in Thailand and internationally.

“The company believes that the synergy with the food innovation city by NSTDA this time will support and bring the strengths and expertise of each party to drive and increase the country’s competitiveness in food innovation together, including strengthening the relationship between the public and private sectors to accomplish success according to the purposes in a concrete and sustainable way.”

Publicis Sapient sees digital transformation as the key to unlocking organizational potential in Thailand

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Publicis Sapient sees digital transformation as the key to unlocking organizational potential in Thailand

Publicis Sapient sees digital transformation as the key to unlocking organizational potential in Thailand

MONDAY, OCTOBER 10, 2022

Digital transformation strategies will help organizations develop new ways to stay ahead of the competition in dynamic technology and customer behaviour environments.

Nigel Vaz, Chief Executive Officer (CEO) of digital business transformation company Publicis Sapient says that Thailand has enormous business growth potential across various industries and that digital transformation is key towards unlocking this potential, by helping businesses sustain relevance through adapting to change and capturing value through digital. This enables organizations to reimagine their business operations for a digital-first world, as well as to build the ability to develop innovative products, services and experiences that are hard to duplicate in a new world of business, in alignment with the ever-changing technology and customer behaviours.

Thailand has a growing population who are increasingly adapting to digital services as part of their day-to-day, with 43.7% of internet users aged 16 to 64 using the internet for managing their finances. It is this growing population that will underpin industries that make up the foundation of the Thai economy such as financial services, hospitality and healthcare. In these industries and many others, optimal execution of digital transformation strategies can positively impact growth, improve operational agility, and ultimately create more value and provides better experiences for the Thai people.  

Publicis Sapient sees digital transformation as the key to unlocking organizational potential in Thailand

This potential market growth in Thailand played a big role in a joint venture launched in December 2021 by Publicis Sapient and SCBX Group, SCB Tech X Co., Ltd. to drive its vision to become one of the largest technology service providers in Southeast Asia in the FinTech space, as well as to promote SCBX’s data-first technology approach to disruptive change.

Whether in financial services, hospitality, healthcare, energy, or government, digital transformation represents the opportunity to develop and unlock the potential of businesses and organizations everywhere.

For example, the Covid-19 pandemic acted as an accelerant into the wholesale transformation from relationships and interactions between companies, customers, suppliers, and employees.  During that time, Publicis Sapient partnered with Siam Commercial Bank in the development of the Robinhood Food Delivery platform to support entrepreneurs and small businesses impacted by the ongoing pandemic. The platform was piloted in Bangkok just five months after the initial inception phase, and today, the platform lives across all 76 zones in Bangkok and its surrounding areas with over 27,000 active riders.

Nigel notes that the purpose of digital transformation from an expert point of view is to build businesses that are ready for the digital world, saying, “Digital transformation is so much bigger than technology alone and is also about building the capacity to create involved and continual change.  Digital transformation is a journey that trumps its destination, a journey that asks businesses to reimagine and rapidly realize new ways of working and satisfying consumer expectations, and at the same time, addressing the unique challenges of each organization.”

Publicis Sapient sees digital transformation as the key to unlocking organizational potential in Thailand

A key pain point that Nigel sees is the inability to build the right capability, whether by finding the right external partner or through internal talents that organizations already have in place. 

For Thai organizations to kickstart their digital transformation journeys to both unlock their organizational potential and help their organizations move forward, Nigel recommends the following:

1.    Organizations should look to developing their own SPEED capabilities. This consists of S (Strategy), which helps organizations be clear on why they’re doing it; P (Product) which refers to the use of products that meet the objectives for the continuation of digital transformation activities; E (Experience) for customer and employee experience improvement; E (Engineering) to leverage on IT to create value in the new world; and D (Data) to maximize the use of data and AI to grow the business. 

2.    Business and organizational leaders must understand that there is no real end to digital transformation and that the process involves adapting to constant change.

3.    Organizations must have clarity in their capabilities. It will be critical that all stakeholders, whether customers, partners, investors or even society in general, understand digital transformation, and be clear on what the future looks like to them, as well as how they envision digital transformation to bring improvement and growth. 

With electric bills soaring, could solar power be the solution for properties in Thailand

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https://www.nationthailand.com/pr-news/more/pr-news/40020828

With electric bills soaring, could solar power be the solution for properties in Thailand

With electric bills soaring, could solar power be the solution for properties in Thailand

MONDAY, OCTOBER 10, 2022

THE NATION

Several investors are looking for solutions to the soaring electricity prices. Could solar power be the solution for properties in Thailand.

Utility bills are soaring continuously throughout the world, not only the result of the price increase on natural gas but also due to the inflation rate. Many homeowners are particularly concerned about their electricity bills, whether it is for their own use or for rentals. While Thailand might be blessed with tropical weather, unlike western countries that need electricity to warm up their homes, in Thailand we need it for the exact opposite. With global travel restrictions now a thing of the past, and markets now returning, there has never been a better time to invest in properties, especially at the moment with the low baht and reasonable prices. But several investors are looking for solutions to the soaring electricity prices. Could solar power be the solution for properties in Thailand? 

With electric bills soaring, could solar power be the solution for properties in Thailand

Phuket may be the perfect answer for those with the available funds looking for an investment opportunity. Thailand is still one of the most popular countries that people choose to visit and relocate to. The Phuket property market is buoyant, and rightly so with all it has to offer, with modern transport links married with natural, tropical beauty and a wealth of history and cultural tradition, all that and the amazing weather, it’s easy to see why Phuket is such an obvious choice. And Phuket may well have the solution to the soaring energy prices with the availability of off-grid properties which utilize solar energy.

100% SOLAR POWERED VILLAS

ECO FRIENDLY HOMES IN THAILAND

With electric bills soaring, could solar power be the solution for properties in Thailand

Riverhouse Phuket offers the perfect opportunity when it comes to properties for sale in Phuket and their villa development is now 40% sold. The Riverhouse Phuket estate is strategically situated in Phuket’s fast-up-and-coming location that borders the Laguna area and is 800m from Choeng Thale’s chic and trendy Boat Avenue with its cafe vibe, classy restaurants and great selection of boutiques and shops. The airport is also only less than half an hours drive away making this a prime location for holiday makers and investment opportunities alike. The two to four bedroom pool villas are spacious and luxuriously appointed and thoughtfully detailed throughout. Their modern lofty style villas offers a unique opportunity to invest in a 100% solar powered off-grid and eco-friendly home

The Riverhouse estate also harnesses state-of-the-art technology with a quiet and energy-efficient VRV air conditioning system, a low-energy central desiccant dehumidifying system from Munters, plus Stiebel Eltron central heat pumps for immediate hot water. Fresh water is also pumped up and filtered before being stored in a network of storage tanks to ensure that Riverhouse occupants will never be affected by future climate-related water shortages. not only this but each villa automatically shares any surplus energy with its neighbors, ensuring nothing is wasted. This is achieved with an integrated smart grid solar panel system from Solax Power. 

With electric bills soaring, could solar power be the solution for properties in Thailand

POOL HOUSES FOR SALE  IN PHUKET THAILAND

Each villa has its own pool which sits beautifully in a private outdoor garden area. The interior, which can be custom designed to suit your needs, is spacious with a stylish, modern industrial feel. Whether it’s a two, three or four bedroom pool villa, it will come with a fully equipped, European style kitchen, perfect for day to day living as well as entertaining guests. The solar powered, smart grid technology, energy efficient air conditioning and dehumidifying systems, and the sealed 4,000-liter water tank mean that not only are the overhead costs greatly reduced but the long term eco-friendly sustainability of the property is guaranteed.

The spacious pool villas are for sale, with prices starting from around $460,281 or 17.4m baht, are all set in a common green space, the design of which has been as thoughtfully planned as the villas themselves. Small creeks and charming steel bridges are scene setters for the tranquility of the estate, and the surrounding greenery helps absorb heat for the whole development, creating a pleasing and secluded space.

With electric bills soaring, could solar power be the solution for properties in Thailand

THAILAND’S PROPERTY INVESTMENT OPPORTUNITY IN PHUKET

Phuket, with its glistening, crystal clear sea, stunning beaches, outstanding natural beauty and cultural heritage is not only a prime destination for holiday makers but there is an increasing demand for foreigners relocating to Phuket, Thailand to work or retire. The rental market on the island, especially at the luxury end, is therefore very strong. Investing in Phuket properties is a long term undertaking however, recent events caused many would-be investors to put their plans on hold due to global uncertainties. For this reason, rental properties on Phuket are at a premium as demand overtakes supply. Phuket property investment has repeatedly shown itself to outperform other forms of investment, stocks and shares as an example, and an intelligent choice of investment offers a tangible asset and a potential protection against inflation. 

With electric bills soaring, could solar power be the solution for properties in Thailand

RIVERHOUSE PHUKET’S ECO FRIENDLY HOMES 

Riverhouse stands out amongst the crowd for many reasons. Its location, its exquisite design and attention to detail, its robust green credentials and future-proof investment in state of the art eco technology are just a few of them. The perfect storm of the low baht, sensible price point and high rental market means that investment in Riverhouse Phuket’s delightful pool villas is pretty much a no brainer.

With electric bills soaring, could solar power be the solution for properties in Thailand

FOR MORE INFORMATION ABOUT THEIR PROPERTY FOR SALE: 

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THE NATION

NBTC adjourns meeting, delays its decision on True-DTAC merger to Oct 20

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NBTC adjourns meeting, delays its decision on True-DTAC merger to Oct 20

NBTC adjourns meeting, delays its decision on True-DTAC merger to Oct 20

WEDNESDAY, OCTOBER 12, 2022

The National Broadcasting and Telecommunications Commission has deferred its decision on the controversial merger of two telecom giants to next week.

Acting NBTC secretary-general Trairat Viriyasirikul said the telecom watchdog resolved during its meeting on Wednesday to postpone deliberations on the merger of True Corporation and Total Access Communication (DTAC) to October 20.

The NBTC meeting began at 9.30am on Wednesday and was adjourned at 12.30pm.

During the meeting next week, the NBTC would deliberate only the merger deal, Trairat said.

He added that the NBTC had also instructed the NBTC Office to summarise opinions of foreign advisers of the telecom watchdog for the NBTC to consider during the meeting next Thursday.

On September 23, the NBTC had announced it would issue its decision on the True-DTAC merger on October 12 after the Council of State advised on September 20 that the NBTC has no authority to approve or reject the merger, but it could only issue regulations to mitigate its impact on the public.

The NBTC has come under much criticism from both opponents of the merger and shareholders of True and DTAC for delaying its decision.

NBTC adjourns meeting, delays its decision on True-DTAC merger to Oct 20True and DTAC formally announced their merger plans in November last year to pursue a new tech business and raise venture capital for startups, reportedly after Norway’s Telenor decided to pull out of the telecom business from Asean.

The NBTC has repeatedly delayed its decision on the merger, saying it needed time to study the pros and cons and the impact on society, as well as for the Council of State to define its authority on the issue.

Academics and the Thailand Consumer Council have called on the NBTC to reject the merger outright for fear of severe impact on consumers, while True, DTAC and their shareholders called on the NBTC to proceed with the merger so that their business plan would not be affected.

The two telcos argue that the NBTC has no authority to approve or reject the merger and at least nine mergers have take place under the 2018 NBTC Notification, which required the watchdog to only issue measures to mitigate the impact.

Bett Asia expo in Bangkok showcases role of technology in the future of education

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https://www.nationthailand.com/business/corporate/40020934

Bett Asia expo in Bangkok showcases role of technology in the future of education

Bett Asia expo in Bangkok showcases role of technology in the future of education

TUESDAY, OCTOBER 11, 2022

Nongluck Ajanapanya

Over 50 exhibitors worldwide displayed their latest innovations and services at the “Bett Asia Leadership Summit & Expo 2022”, emphasising the importance of advanced technology in finding new possible solutions for education in today’s digital era.

Bett’s portfolio director, Louisa Hunter, told a press conference on Tuesday that the Covid-19 pandemic has changed the global education landscape. It has demonstrated that technology plays an essential role in increasing people’s access to knowledge and education.

She noted that more and more teachers and students around the world, including in the Asia Pacific region, have adopted and applied various technologies in the classroom. She strongly believes that hybrid learning will be more accepted in the next normal of education.

“Students tend to use technology to further their education. Education will become more customised and personalised, while technology will make access to knowledge much easier,” said Hunter.

Bett Asia expo in Bangkok showcases role of technology in the future of education

The 6th annual Bett Asia Leadership Summit & Expo is being organised at The Athenee Hotel in Bangkok, co-hosted by Thailand’s Ministry of Education and the Ministry of Higher Education, Science, Research and Innovation.

The two-day event (October 11-12 ) is showcasing the latest technologies in education at the expo and key opportunities for the future of education at the Leadership Summit as well as honouring acknowledged top leaders in education with the Bett Asia Awards.Bett Asia expo in Bangkok showcases role of technology in the future of educationThe expo, held for the first time in three years, highlights the most pressing challenges and priorities of education stakeholders and recognises the importance of new solutions through technological advancement in today’s world under the theme “Education as a Catalyst for Change”.

Hunter said that attendees will have the opportunity to gain hands-on experience with EdTech solutions from top global technology companies such as Microsoft, Lenovo, HP, Zoom and many more.

Bett Asia expo in Bangkok showcases role of technology in the future of educationMeanwhile, the invitation-only Leadership Summit provides attendees with the opportunity to network with other senior leaders and educators from across Asia-Pacific. The summit addresses key topics such as how EdTech can improve the education system, improve outcomes, and enrich learning experiences for all learners.

Tom Poole, director of Bett Asia, said in the statement that the event is filled with the most innovative technology solutions that can be implemented to enhance today’s learning experiences. It is also offering opportunities for the educationists to stay connected, hone their educational skills, expand their network, and exchange ideas about EdTech with fellow attendees.

“I hope that Bett Asia 2022 has helped create a positive impact on education and foster great changes for future generations,” said Poole.

He expects Bett Asia 2022 to bring over 2,400 unique attendees from Asia Pacific, over 700 leaders, and over 65 government organisations represented from over 40 countries.

Bett Asia expo in Bangkok showcases role of technology in the future of educationHe also revealed that the next Bett Asia event will be held at The Athenee Hotel in Bangkok on October 18-19, 2023.

Bett is the global community for education technology, offering world-class content, networking opportunities, and the discovery of cutting-edge innovations. The Community Hub hosts webinars, CPD sessions, and publishes articles from education industry leaders all year.
 

Nongluck Ajanapanya

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

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Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

TUESDAY, OCTOBER 11, 2022

A variety of products from Australia are now available for Thai entrepreneurs and consumers at Makro nationwide until November 1 under the campaign “Taste of Australia”.

The campaign is a cooperation between wholesale business operator Makro, the Australian embassy and Australian Trade and Investment Commission, aimed at enabling business recovery for restaurants and hotel operators after the Covid-19 crisis.

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

“This move also aims to stimulate consumption among consumers who love to cook foods from quality ingredients,” Makro said.

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

More than 130 Australian products are available during the campaign, such as beef, mutton, turkey, Tasmanian salmon, yellowtail amberjack and abalone, which are popular among Thais.

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

Meanwhile, a variety of vegetables, fruits and other consumer products are also available, such as lettuce, celery, red onion, bravo apple, mandarin orange, cheese, yogurt and salad dressing.

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

Interested entrepreneurs and consumers can also purchase Australian products at the website: Makroclick.com.

Range of products on sale at Makro as part of ‘Taste of Australia’ campaign
Range of products on sale at Makro as part of ‘Taste of Australia’ campaign

TAT targets 3.8 million medical tourists under 20-year strategy

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https://www.nationthailand.com/thailand/economy/40020951

TAT targets 3.8 million medical tourists under 20-year strategy

TAT targets 3.8 million medical tourists under 20-year strategy

WEDNESDAY, OCTOBER 12, 2022

The Tourism Authority of Thailand (TAT) is working on promoting Thailand to become a medical tourism hub.

TAT also aims to make Thailand one of the top five countries in the Medical Tourism Index, TAT governor Yuthasak Supasorn said.

“Thailand was 17th in the index between 2020 and 2021,” he noted, adding the top five countries were Canada, Singapore, Japan, Spain and the United Kingdom.

Yuthasak expects at least 3.8 million medical tourists to generate 200 billion baht for Thailand in 2037 under the 20-Year National Strategy (2018-2037).

“In 2017, Thailand’s medical tourism sector accounted for 38 per cent of all tourists from Asia,” he said, adding that tourists in the medical sector spend two to three times the amount spent by other visitors.

TAT has implemented a strategy to attract tourists with high purchasing power, including those for medical tourism.

“The road map to promote Thailand to become the world’s medical tourism hub must focus on sustainability in treatment quality, personnel expertise and technology,” he pointed out.

Meanwhile, Association of Thai Travel Agents president Sisadiwat Cheewaratanaporn said Thailand possesses a host of strong points, such as comparatively cheaper medical treatment fees and cost of living.

Up to 59 Thai private hospitals have been certified by US based healthcare accredition organisation Joint Commission International, Sisadiwat said.

“Thailand must accelerate its promotion among foreigners so the country’s medical tourism sector can continue to grow in the long term,” he added.

Baht may weaken if market remains in risk-off state: strategist

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https://www.nationthailand.com/thailand/economy/40020947

Baht may weaken if market remains in risk-off state: strategist

Baht may weaken if market remains in risk-off state: strategist

WEDNESDAY, OCTOBER 12, 2022

The baht opened at 38.15 to the US dollar on Wednesday, weakening from Tuesday’s close of 38.10.

The currency will likely move between 38.00 and 38.30 against the greenback during the day, Krungthai market strategist Poon Panichpibool predicted.

He said the baht is likely to weaken if the market remains in a risk-off state, a factor causing investors to possess the dollar.

Furthermore, he feels the baht could weaken to test its resistance level of 38.30 if core inflation from the US Core Consumer Price Index on Thursday is higher than market expectations (over +6.5 per cent y/y and +0.5 per cent m/m).

Poon suggested speculating on the gold price. The baht will not weaken much if the gold price is stable over the support level of 1,670 dollars per ounce, he added.

However, the baht could weaken to test its resistance point of 38.50-38.75 to the dollar if the Thai currency exceeds 38.30, which is the level investors, who are shorting the baht, will gradually sell for to make a profit, Poon said.

Moreover, foreign investors are offloading their Thai assets, which is another factor that is pressuring the baht, he pointed out.

Thai stock sales might slow down but not for bonds, at least not until long-term bonds swing sideways or go down, which could occur if the market is not worried that the US Federal Reserve might increase the interest rate or an economic recession is coming, Poon said.

The market strategist advised investors to use hedging tools such as options to manage risks in a highly volatile currency market.

Deloitte plans higher investment in Southeast Asia amid rapid growth in region

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https://www.nationthailand.com/business/corporate/40020901

Deloitte plans higher investment in Southeast Asia amid rapid growth in region

Deloitte plans higher investment in Southeast Asia amid rapid growth in region

MONDAY, OCTOBER 10, 2022

Nongluck Ajanapanya

Leading professional consulting firm Deloitte is planning to invest more than usual in Southeast Asia to support the region’s rapid growth.

Deloitte’s chief executive officer for Asia Pacific, David Hill, said during an exclusive interview with The Nation that the Deloitte World Meeting in Rome in late September had approved a major investment to scale Southeast Asia, including markets in Thailand, Singapore, the Philippines, Malaysia, Indonesia, and Vietnam.

“We normally invest 7-8 per cent of revenue in this region. On top of that, we recently announced a $225-million scale investment in Southeast Asia for at least the next five years,” Hill stated.

The goal of this movement is to build Deloitte’s capability on the ground in Southeast Asia in order to win and deliver company services to clients seamlessly. It will also serve as an announcement for talent in Thailand and its neighbouring countries, ensuring that Deloitte is the employer of choice in every market in this region.

“The funding will come from both Deloitte Southeast Asia and Deloitte Global. We are committing to this region because we believe it is important,” Hill noted.

He explained that the Southeast Asia region will be 100 per cent more engaged in the global economy. Most developing countries in this region are becoming developed, which increases the need for professional services.

“Many major global institutions are moving and coming into the Southeast Asia region for reasons such as supply chain. Malaysia and the Philippines are relevant for chain services, Vietnam for manufacturing and supply chain, and Thailand for emerging technology such as blockchain and the financial services industry,” Hill pointed out.

He added that Southeast Asia has a growing population, a growing economy, a maturing professional services sector, and is a neutral region in terms of current geopolitical dynamics.

Furthermore, the region remains a source of low-cost operations with high-quality infrastructure, such as 5G connectivity, multilingual talent, and a wealth of resources.

Hill stated that Deloitte, which was recently named the No. 1 professional services firm in Asia Pacific and globally, will use its resources, knowledge, and technology to help the business navigate digital transformation, cloud migration, truly embracing all the abundant data, applying all appropriate technology to build digital twins, and optimising performance.
 

Deloitte plans higher investment in Southeast Asia amid rapid growth in regionBesides, he stated that Deloitte will continue to provide its services to clients and their people in frictionless sustainable ways to serve the environment, social, and green (ESG) business trend.

“My objective is to ensure that our clients receive a seamless experience across Asia Pacific. It means it would be easiest for our clients to work with Deloitte across the region. And then for our people, to give them more opportunities to live and work across the region, particularly as we move into a post-Covid environment,” Hill added.

Deloitte currently operates in 150 countries and at more than 750 locations worldwide, employing over 345,000 people, with over 60,000 in Asia Pacific.

Deloitte’s aggregate global revenue for the fiscal year ending May 31, 2022 was US$59.3 billion, a 19.6 per cent increase over fiscal year 2021. In seven years, Deloitte’s revenue has increased by $24 billion, or 69 per cent.

Nongluck Ajanapanya

BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism

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https://www.nationthailand.com/business/corporate/40020895

BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism

BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism

MONDAY, OCTOBER 10, 2022

Nongluck Ajanapanya

BDMS Wellness Clinic has collaborated with Minor Hotels to launch BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort, with the goal of adding value to Thailand’s tourism industry through professional holistic wellness.

Dr Tanupol Virunhagarun, chief executive officer of BDMS Wellness Clinic, stated at a press conference on Monday that following the Covid-19 pandemic, people are more aware and prioritising preventive measures to improve their wellness and longevity. These needs drive medical and wellness tourism demand from tourists all over the world.

“It is regarded as the future of Thailand’s medical tourism industry, which is rapidly expanding. The trend is expected to continue once borders reopen following Covid-19. As a specialist in preventive and personalised medicine, BDMS Wellness Clinic recognises the sector’s growth potential and has decided to collaborate with Minor Hotels,” Tanupol said.

Thailand’s wellness tourism industry will experience rapid growth in the coming years, he said, citing a recent survey that found Thailand to be the second most popular medical tourist destination in the world, behind Australia.

“This newly opened Preventive Health Care Centre is providing ways in which guests can feel connected to nature while receiving counselling and medical services from a professional team,” Tanupol added.

Minor International Plc chairman William E Heinecke expressed confidence in Thailand’s medical and wellness tourism’s exponential growth.

He emphasised that this type of tourism is a global mega-trend. According to McKensy, the overall value of wellness tourism is US$1.5 trillion. It is expected to grow by 5-10 per cent per year from now on.

According to a recent research, “The Global Wellness Economy: Looking beyond COVID-19”, conducted by the Global Wellness Institute GWI), the growth of global wellness tourism is expected to be worth $7 trillion by 2025. Thailand will be the third country to be spotlighted on GWI’s “Geography of Wellness” microsite.

BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism“The Covid-19 pandemic raised an alarm for health-conscious people as well as tourists. More consumers became more interested in preventive measures and in incorporating wellness into their lifestyles. Hence wellness tourists spent more time and more money per trip than the typical domestic tourist,” said Heinecke.

He insisted that Minor Hotels already recognises the increasing importance of wellness tourism or health tourism. Therefore, this is the right time for the collaboration between BDMS Wellness Clinic and Minor Hotels in launching BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort.

“I hope that this kind of collaboration will provide a new combination model for tourism business. We do have a plan to join BDMS to open this kind of centre in Phuket in the future,” said Heinecke.
 

“With BDMS’s expertise in healthcare, preventive medicine and personalised medicine, combined with prime location and the relaxing atmosphere of our hotel, we have confidence that our health-conscious guests will be touched by true wellness and these challenges will surely provide many opportunities to all parties involved,” Heinecke said.

Minor Hotels is one of Thailand’s largest hotel operators with over 535 hotels and over 75,000 guest rooms under its umbrella.

Once the Covid-19 virus is under control and borders are cautiously reopened, all areas of health and wellness tourism will soon be welcoming foreign wellness tourists, demonstrating Thailand’s resilience to the world, Tanupol said.

He expects this collaboration will encourage other stakeholders to participate in and invest in the country’s medical and wellness tourism.

Thailand is the ideal destination for wellness tourism for a number of reasons. He insisted that Thailand truly shines thanks to its plentiful food, stunning tourist attractions, highly qualified medical professionals, state-of-the-art medical technology, and first-rate amenities in hospitality services.
 

Nongluck Ajanapanya