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Yoovidhya family aims to focus Piyavate hospital on accessible care

The Yoovidhya family aims to reposition Piyavate Hospital as an accessible healthcare centre for general Thai patients, instead of the financial focus being on making a profit.

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The Yoovidhya family aims to reposition Piyavate Hospital as an accessible healthcare centre for general Thai patients, instead of the financial focus being on making a profit. This is the business policy of millionaire Chaleo Yoovidhya, who wants to increase its contribution to society following the family’s taking a major stake in the hospital last year.Chairman Jiravat Yoovidhya, who is Chaloe’s son, yesterday said his father early last year agreed with Boon Vanasin, then chairman of Piyavate Hospital, to purchase Boon’s stake in the hospital as the tycoon wanted to focus on his property and healthcare business both domestically and internationally.

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New owners changing Piyavate focus to accessible, affordable care

Thai hospitality and friendliness are already world-famous as key reasons Thailand has excelled as a premier tourist destination for decades. Medical tourism news is now letting the world know our doctors, surgeons and health care services are also 5-star in every way.


The Aesthetic Surgery Institute provides a full-range of cosmetic plastic surgery. Romrawin Clinic offers proactive skin care and comprehensive skin treatment for any skin condition as well as anti-aging skin care.

the most important thing Chaleo wanted from investing in Piyavate was to employ ethical doctors that have the same goal of doing good for society throughout their careers. The hospital plans to increase the number of physicians who are loyal to the institution and want to work for it for the long term.

Caring, gentle, competent medical professionals coupled with a warm climate and fascinating city means our modern health care facility is a great choice for physical therapy rehabilitation — besides the fact it costs 90% less than in the USA, Europe or Australia. The rehabilitation center of Piyavate Hospital offers the full range of physical therapy rehabilitation services and occupational rehabilitation using modern, advanced physical rehabilitation equipment and rehabilitation medicine.

Key risks to the outlook are (i) political uncertainty and (ii) the timing of the withdrawal of fiscal and monetary stimulus. Increased political tensions may have a long-lasting impact on investment, and withdrawal of stimulus (in Thailand and the advanced economies) must be precisely timed to avoid macroeconomic imbalances (including new asset bubbles) while also ensuring that the recovery is on a sufficiently solid footing.

Thailand performs well compared to other countries in the region on many aspects of government regulations and regulatory procedures that facilitate business. According to the latest annual World Bank’s Doing Business report, in 2008 Thailand ranks 13th among over 180 countries and 4th in East Asia in the ease of doing business. The ease of doing business is measured by quantitative indicators of regulatory requirements and procedures in ten areas in the life cycle of typical small and medium enterprises (SMEs) in the largest city in a country. They include, for example, the number days, steps, and cost needed to obtain business licenses, registering property, clear customs, pay taxes, and close a business. It only takes 2 steps and 2 days to register property in Thailand, on of the fastest in the world. Progress over the recent years has been particularly on the improvements in the customs process after the introduction of the internet-based customs clearance system, which has reduced the number of required documents and time taken to clear customs for exports.

The market’s views on export performance in 2010 of Thailand have improved
The key risk to the global recovery lies in the need to get the timing of withdrawing fiscal and monetary stimulus just right. Withdrawal of fiscal stimulus too early may lead to another negative demand shock and a negative expectations spiral, whereas withdrawing the stimulus too late may lead to high inflation, further weakening of the US dollar, and possible asset price bubbles. In Thailand, for example, more than ten years since the 1997/1998 financial crisis banks still have bad loans in their books and the government still holds a large amount of debt related to the recapitalization of financial institutions. Given the expected length of recovery, it is important not to withdraw stimulus programs too soon, before the recovery is on a firm footing. On the other hand, macroeconomic imbalances are accumulating and eventually fiscal and monetary authorities, especially in the US, must consolidate their fiscal position and withdraw liquidity.

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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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