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Foreign patients key driver for hospital business in Thailand

Foreign patients from Asia, notably Japan, China and Myanmar, are on the rise and offsetting a downturn in arrivals from the Middle East

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The Kasikorn Research Center forecasts that foreign patients will continue to be a key driver for the growth of the hospital business in Thailand this year.

Foreign patients are expected to make 3.42 million visits to Thai hospitals, including 2.5 million for medical tourism and 920,000 by expatriates.

Last year, foreign patients made 3.3 million visits to Thai hospitals, with 2.4 million for medical tourism and 900,000 by expats.

Foreign patients from Asia, notably Japan, China and Myanmar, are on the rise and offsetting a downturn in arrivals from the Middle East caused by economic changes and shifts in the internal medical policies of several countries, said a K-Research report.

The research house said Chinese travel to Thailand is still growing, with an estimated 10.4-10.6 million in 2018, up 6.1-8.2% year-on-year.

Thailand’s medical services, in particular medical tourism, have grown more popular in recent years, with various services including cosmetic surgeries, dental treatment and fertility tourism.

The report said that despite more investment in the medical industry in China in recent years, there are still insufficient services in some parts of the mainland, prompting wealthy Chinese to seek medical treatment abroad. K-Research: Foreigners key for hospitals | Bangkok Post: business

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Has Covid-19 prompted the Belt and Road Initiative to go green?

Oxford Business Group

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Has Covid-19 prompted the Belt and Road Initiative to go green?
– Covid-19 led to a slowdown in BRI projects
– Chinese overseas investment dropped off in 2020
– Government remains committed to the wide-ranging infrastructure programme
– Sustainability, health and digital to be the new cornerstones of the initiative 

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Following a year of coronavirus-related disruptions, China appears to be placing a greater focus on sustainable, digital and health-related projects in its flagship Belt and Road Initiative (BRI).

As OBG outlined in April last year, the onset of Covid-19 prompted questions about the future direction of the BRI.

Launched in 2013, the BRI is an ambitious international initiative that aims to revive ancient Silk Road trade routes through large-scale infrastructure development.

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However, as borders closed and lockdowns were imposed, progress stalled on a number of major BRI infrastructure developments.

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Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

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Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

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