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Thailand to fight counterfeit product sales online

Any buyers who want to report pirated or counterfeit products being sold online can contact the Department of Intellectual Property hotline on 1368.

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MBK fake watches

Thailand’s Department of Intellectual Property is cooperating with a famous online shopping website owner to resolve and prevent counterfeit product sales online.

Customers are now able to blow the whistle on pirated goods being sold on the web.

Mr. Todsapol Tungsubhut, Director General of the Department of Intellectual Property, explained that his organization is coordinating with leading online shopping website owner Lazada Group to resolve and prevent the sale of counterfeit goods.

Meanwhile, the website’s executive said that the number of online sellers is soaring each year, adding that they have to increase screening and inform sellers about prohibited products.

Moreover, their staff are monitoring the purchasing process constantly, he said.

Any buyers who want to report pirated or counterfeit products being sold online can contact the Department of Intellectual Property hotline on 1368.

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Covid-19 and medical tourism: is a recovery on the cards?

Oxford Business Group

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Covid-19 and medical tourism: is a recovery on the cards?
– Before the pandemic, medical tourism was a major growth area
– Dubai was a world leader among emerging market destinations
– Covid-19 travel bans and lockdowns seriously dented growth
– Increased emphasis on safety has enabled a gradual re-opening

Prior to the outbreak of coronavirus, medical tourism was a significant growth industry in many emerging economies. While the pandemic represented a major setback for the segment, there are signs that it may be recovering in several markets.

The last decade saw a boom in medical tourism. By 2018 the global market was generating $58.6bn annually and in 2019 it was forecast to grow at a compound annual growth rate of 11.7% – reaching more than $142.2bn by 2026.

The segment’s growth was largely spurred by increased awareness – particularly among citizens of higher-income countries – of the quality and relatively affordable health care options on offer in many emerging economies. The appeal was further enhanced by the possibility of combining medical treatment with a holiday in an attractive location.

Asia has been a popular region for medical tourism for some time. In Thailand, for example, guided by the Ministry of Public Health’s 2016-25 strategic plan entitled ‘Thailand: A Hub of Wellness and Medical Services’, stakeholders have been working to cement the country’s position as a regional leader in medical tourism.

Elsewhere in Asia, in 2017 the Indian government began offering a medical visa aimed at bringing in more foreign patients. 

Governments in other regions similarly moved to capitalise on this growing segment. In 2015, for example, Turkish Airlines announced a 50% discount on flights for people coming to Turkey for medical treatment.

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Thailand’s Stock Exchange (SET) welcomes cosmetic and skincare marketer KISS

KISS develops, contract manufactures and markets beauty and healthcare related products in both local and overseas markets

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BANGKOK, February 18, 2021 – The Stock Exchange of Thailand (SET) will list Rojukiss International PLC, a leading developer, contract manufacturer, and marketer of skincare, color cosmetic, food supplement products, on February 19 under the ticker symbol “KISS”.

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Covid-19 and cyberattacks: which emerging markets and sectors are most at risk?

Oxford Business Group

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– The education sector experienced an increase in cyberattacks as digital adoption rose
– Emerging markets with large digital industries were among those most targeted by hackers
– 96% of businesses have changed their cybersecurity strategy due to Covid-19
– Businesses and governments alike are looking to bolster their cybersecurity defences

The coronavirus pandemic has helped drive the rapid growth of digital solutions. While this has enabled a number of positive developments, it has also exposed many sectors to a heightened threat of cyberattacks.

As lockdowns and curfews were introduced around the world to stop the spread of Covid-19, various aspects of daily life shifted online.

In many countries, digital education platforms were introduced to ensure that students could continue their studies while adhering to social distancing guidelines. Similarly, there was a boom in telemedicine solutions, with innovations that allow doctors to remotely assess patients becoming increasingly popular.

Perhaps more dramatic was the exponential growth in digital payments, as consumers sought to avoid person-to-person contact when paying for many goods and services.

While these developments have been key to maintaining some form of continuity during the pandemic, they have also opened up more industries to the threat of cyberattacks.

One sector to have experienced a sharp increase in cyberthreats is education, due to the uptick in remote learning over the past 12 months.

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