Top ten promising businesses in Thailand for next year

[rooster59]

Top ten promising businesses in Thailand for next year

BANGKOK: Beauty and health business is ranked the top of ten promising businesses next year, according to the business research results conducted by the economic and business forecast centre of the University of Thai Chamber of Commerce.

The other nine promising businesses are: information technology and telecommunications business or digital economy; cosmetic and skin care business; tourism business; life and non-life insurance; food and health drinks business; transportation and logistics; market management; educational business, products for elderly people, drugs and traditional medicines; and fitness business and alternative energy.

Mrs Saowanee Thairungroj, rector of the University of Thai Chamber of Commerce, said increased public awareness on health care and beauty and the fact that this business was reasonably priced in Thailand had contributed to the top-ranking business potential of beauty and health business.

On the contrary, business in handicrafts is ranked the worst “sunset” business. The other nine “sunset” businesses are: dyeing business; textile industry; production and sale of vegetables and dried fruits; trading in rubber; small rice mills; printing business; trading in used computers and mobile phones; trading in farm machines and middle men dealing in farm products.

Source: http://englishnews.thaipbs.or.th/top-ten-promising-businesses-in-thailand-for-next-year

-- Thai PBS 2015-12-18

[Orac]

Seems to a bit lacking in the genius industry as well.

[scorecard]

Seems to also be a lack of knowledge / understanding that this industry has a bad reputation for fake cosmetic / skin doctors, poor quality products, severe bad treatments, severe bad results, etc.

Even worse is that the 'fake' clinics are only identified after something has gone wrong. Health is just one example where the authorities never check anything until something goes wrong, then the specific problem is exposed with some level of negative reporting.

But the authorities quickly go back to sleep rather than plan / institute better and more advanced methods to quickly / continuously find rouge operators and quickly impose very severe punishments, severe enough to totally frighten off rouge operators / clinics.

Example: a business acquaintance who brought his Indonesian wife to Thailand, she went to the 'spa' in her 5 star hotel, no questions asked by the spa manger / staff, she tried to ask the staff / tell the staff that she was allergic to a certain ingredient, in fact she had the name of the ingredient on a piece of paper, but got the response of 'no problem, our products are perfect'.

Bottom line, she went through 2 years of professional medical treatment in Singapore to eventually fix the skin damage caused by products, which were used in the 5 star spa which had never been tested / approved.

Edited December 18, 2015 by scorecard

[Orac]

Seems to also be a lack of knowledge / understanding that this industry has a bad reputation for fake cosmetic / skin doctors, poor quality products, severe bad treatments, severe bad results, etc.

Even worse is that the 'fake' clinics are only identified after something has gone wrong. Health is just one example where the authorities never check anything until something goes wrong, then the specific problem is exposed with some level of negative reporting.

But the authorities quickly go back to sleep rather than plan / institute better and more advanced methods to quickly / continuously find rouge operators and quickly impose very severe punishments, severe enough to totally frighten off rouge operators / clinics.

Example: a business acquaintance who brought his Indonesian wife to Thailand, she went to the 'spa' in her 5 star hotel, no questions asked by the spa manger / staff, she tried to ask the staff / tell the staff that she was allergic to a certain ingredient, in fact she had the name of the ingredient on a piece of paper, but got the response of 'no problem, our products are perfect'.

Bottom line, she went through 2 years of professional medical treatment in Singapore to eventually fix the skin damage caused by products, which were used in the 5 star spa which had never been tested / approved.

These are exactly the reasons that they will do well since they are protected by weak regulation governing advertising and draconian defamation laws. Though international business provides some of their income the vast bulk of their revenues is from within Thailand.

[Matej]

Thai cosmetic industry is nothing else but a huge deception, lies and misleading ads aimed on the weakest ...

Look at this whitening creams ... it's prohibited even in freaking Ivory Coast

[Lupatria]

Top of ten promising businesses?

Does that mean they pushed police and military off the throne?

[djlest]

didnt they just reel off just about every sector LOL - cant go wrong really now