Report from Bangkok Post dated 20 December 2014 :-
Health and beauty remain top sectors for year ahead
Medical services and beauty care offer the brightest prospects for growth for a fourth straight year in 2014, driven by growing awareness, according to a survey of the University of the Thai Chamber of
Commerce (UTCC).
Growth will also be supported by Thai medical treatment, especially at private hospitals, which are recognised by local and foreign patients for their quality and affordable cost.
Medical services and
beauty care top the list of 10 "sunrise" businesses named by 4,400 members polled by UTCC, based on sales, import and export statistics, commercial banks' credit information, capacity utilisation and the
the country's economic prospects. The survey assumes economic growth of 4.5% next year, plus growth in exports (6.5%), domestic consumption (3%), investment (6.9%), industry (5.9%), the farm sector
(2.4%) and inflation (3%). Strong telecom demand, spearheaded by the full roll-out of the third-generation (3G) network, is expected to accelerate the growth of the tech industry.
TV also holds promise with the advent of the digital system, which will drive spending on network expansion and advertising. The rise of social media, meanwhile, is seen boosting growth in event organization activity. Thanavath Phonvichai, UTCC's vice-president for research, said the plastics business is still growing with robust demand for food and drink packaging, while the Asean Economic Community and desire for higher learning will spur education-related business. Other areas with an outstanding outlook include tourism, chemicals, life insurance, property development and energy. Sluggish sales are predicted for electric fans, printers, mom-and-pop shops, leather, fabric and handicrafts.
Health and beauty remain top sectors for year ahead
Medical services and beauty care offer the brightest prospects for growth for a fourth straight year in 2014, driven by growing awareness, according to a survey of the University of the Thai Chamber of
Commerce (UTCC).
Growth will also be supported by Thai medical treatment, especially at private hospitals, which are recognised by local and foreign patients for their quality and affordable cost.
Medical services and
beauty care top the list of 10 "sunrise" businesses named by 4,400 members polled by UTCC, based on sales, import and export statistics, commercial banks' credit information, capacity utilisation and the
the country's economic prospects. The survey assumes economic growth of 4.5% next year, plus growth in exports (6.5%), domestic consumption (3%), investment (6.9%), industry (5.9%), the farm sector
(2.4%) and inflation (3%). Strong telecom demand, spearheaded by the full roll-out of the third-generation (3G) network, is expected to accelerate the growth of the tech industry.
TV also holds promise with the advent of the digital system, which will drive spending on network expansion and advertising. The rise of social media, meanwhile, is seen boosting growth in event organization activity. Thanavath Phonvichai, UTCC's vice-president for research, said the plastics business is still growing with robust demand for food and drink packaging, while the Asean Economic Community and desire for higher learning will spur education-related business. Other areas with an outstanding outlook include tourism, chemicals, life insurance, property development and energy. Sluggish sales are predicted for electric fans, printers, mom-and-pop shops, leather, fabric and handicrafts.
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