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COVID-19 to Boost Thai Medical Industry

The University of the Thai Chamber of Commerce (UTCC) has suggested Thai entrepreneurs in the medical and technology industries to explore their opportunities during the COVID-19 situation

National News Bureau of Thailand

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BANGKOK (NNT) – Though COVID-19 has badly impacted many industries, some such as medical science and technological advancement may benefit from aspects of the crisis.

The University of the Thai Chamber of Commerce, has suggested Thai entrepreneurs grab the opportunity to develop innovations, and some Chinese medical equipment companies are preparing to move their production bases to Thailand.

Mr. Aat Pisanwanich, Director, Center for International Trade Studies (CITS), University of the Thai Chamber of Commerce, said today a major factor affecting the thinking of foreign entrepreneurs especially Chinese businesses to open branches and production bases in Thailand, is the COVID-19 pandemic.

As it has affected the whole business cycle, business operators must consider the rise in capital costs and other risks.

Foreign entrepreneurs have also noted that Thailand has shown an ability to cope with the pandemic, while the Thai workforce has quality and the landscape facilitates transportation.

Thailand should take advantage of the COVID-19 epidemic by promoting and supporting the needs of the health industry such as rubber gloves, dietary supplements, cosmetics, medical equipment, electronic products and IT products.

However, the disadvantage is political uncertainty, wage hikes, and the strength of the Thai baht.

National News Bureau Of Thailand

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Thailand discovers first case of local infection in 100 days

Thailand’s Ministry of Public Health said that it has discovered a locally transmitted case of Covid-19 after more than 100 days with zero cases within the country.

Boris Sullivan

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A 37-year-old inmate at Bangkok’s Khlong Prem Prison has been tested positive for the coronavirus as the Kingdom’s just passed the 100 days milestone without local infections.

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Thailand logs three months without domestic cases

According to the Centre for COVID-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 91 days, as all new cases were imported from other countries.

Aishwarya Gupta

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According to the Centre for COVID-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 91 days

Five new cases of Covid-19 were reported over a 24-hour period, the government’s Centre for Covid-19 Situation Administration (CCSA) said on Sunday.

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BOI reports higher FDIs in Thailand as medical investments surge

Japan ranked first with 99 projects worth 22.6 billion baht, representing 30% of the total FDI value. China came in second with 95 projects worth 17.5 billion baht, followed by Singapore.

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Japan ranked first with 99 projects worth 22.6 billion baht, representing 30% of the total FDI value. China came in second with 95 projects worth 17.5 billion baht, followed by Singapore.
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