The COVID-19 pandemic has not only taken its tolls on peoples’ health but has also created a global economic downturn. Many people are struggling financially and are being forced to sell or wind down their businesses. Certain consumer behaviors have changed, perhaps forever. People have been locked down at home
For any aspiring small business owner to take an idea and turn it into a successful business, he or she must first develop a sound business plan. Traditionally, writing a business plan has been an arduous process, requiring the entrepreneur to conduct market research, a SWOT analysis, and so on
I wanted to create a new landmark in my hometown. I believed that my house had great potential to attract tourists because it is located in an important economic area of Chiang Mai and near popular destinations. Furthermore, I wanted to provide foreign tourists with a warm welcome to
One Man Demonstrates the Importance of Social Entrepreneurship for Community Development in Thailand
Without notice, one of Pongsuriyen Choocham’s employees stopped showing up for work. A concerned Pongsuriyen wondered what had happened and decided to pay a visit to his employee’s home. There, he encountered a man struggling with
OSMEP Director Suwanachai Lohawattanakul talks about SME growth in Thailand
SMEs continue to play a significant role in determining Thailand’s overall economic growth and job creation. There are three million SMEs making up 99.7% of Thai businesses and employing 10 million people. It is critical for Thai SMEs to consistently
Thai Health Tourism: Potential to Lead in Wellness Tourism
Thailand is well known as a tourist destination because of its sandy beaches and beautiful nature, but its reputation as a health tourism destination is growing as well. Thailand boasts modern and internationally accredited hospitals, cosmopolitan reputation, and a favorable geographic
Did you know that the Medical Tourism and Health Tourism industry in Thailand is growing rapidly? Every year, millions of tourists come to Thailand to receive health and medical services, making the sub-sector a key contributor to Thailand’s overall tourism industry and small businesses, which accounts for 21.2% of GDP.
Kanyarat Naovaratanasopon knows what suffering looks like. A decade ago, she had to sit and watch her mother lying quietly on a hospital bed, day after day. While her mother underwent chemotherapy and radiation, Kanyarat could only look on, powerless to stop the creeping colon cancer.
Seeing the disease cause
Sky-high household debt in Thailand drains opportunities for individuals and impedes development for the country more broadly. To address this challenge, Kenan Foundation Asia empowers individuals with the financial knowledge necessary to achieve financial freedom.
Kenan understands that when people have strong financial literacy skills, they will be able
It wasn’t long ago that Ms. Ladda Singgham was making a tidy sum from her coffee shop in Mahyadthai, Bangkok. Far away from the overflowing rows of affluent condominiums and hotels of central Bangkok sits Soi Mahyadthai, a bustling section of Lat Phrao district, where small business commerce dominates