If you have trouble viewing this in email, please click HERE |
|
01.12.2021
01.12.2021
03.12.2021
08.12.2021
09.12.2021
16.12.2021
17.12.2021 |
|
GTCC WEBINAR WITH MAZARS IN THAILAND |
|
|
GTCC YEAR END COCKTAIL RECEPTION |
|
|
SME NPLs may reach 10% in year ahead Non-performing loans of SMEs next year are expected to rise to 10% from 6% at present if relief measures are not extended from the end of this year. (Bangkok Post, 29/11/2021) More
Cabinet okays B5bn soft loan package for jobs The cabinet yesterday gave the nod to a soft loan package worth 5 billion baht to help create jobs mainly for the unemployed. (Bangkok Post, 24/11/2021) More
Commerce Ministry upbeat on exports in last 2 months of the year Thai exports rose 17.4% year-on-year in October, prompting the Commerce Ministry to become confident that overall exports could grow by 15-16% this year. (Bangkok Post, 23/11/2021) More
BBL illustrates risks for the Thai economy Bangkok Bank (BBL) predicts the economy will face a higher number of challenges over the next few years under a changing economic landscape following the Covid-19 pandemic. (Bangkok Post, 23/11/2021) More
Unemployment rate reaches 2.25% in Q3 Thailand's labour market has been severely affected by the strict measures to control the spread of Covid-19, with the unemployment rate jumping to 2.25% in the third quarter from 1.89% in the previous three months, while household debt continued to grow. (Bangkok Post, 23/11/2021) More
State to boost EEC investment in 2023 The government has set its sight to boost investment in the Eastern Economic Corridor (EEC) in fiscal 2023, starting from October 2022, to 500 billion baht and raising economic growth in three EEC provinces -- Chonburi, Rayong and Chachoengsao -- to 6%. (Bangkok Post, 20/11/2021) More
Cabinet okays Andaman plan The cabinet has approved in principle an economic and social development plan for six southern provinces along the Andaman Sea. The development plan covers 32 projects worth 9 billion baht in six southern provinces comprising Krabi, Phuket, Phangnga, Trang, Ranong and Satun. (Bangkok Post, 17/11/2021) More
Economy to recover only in H2 2022 - survey The economy is expected to recover only in the second half of next year despite the opening up of the tourism sector as people are concerned about new waves of coronavirus infections, a university survey showed. (Bangkok Post, 16/11/2021) More |
|
| Transfer pricing services in Thailand |
|
|
|
|
Wirtschaftsdaten kompakt - Thailand Die Reihe "Wirtschaftsdaten kompakt" wird zweimal jährlich im Mai und November aktualisiert. Folgende Indikatoren sind unter anderem enthalten: Einwohner, Bevölkerungsdichte, Währung, Wechselkurs, Bruttoinlandsprodukt, BIP je Einwohner, BIP-Wachstum, Inflationsrate, Durchschnittslohn, Arbeitslosigkeit, Haushaltssaldo, Außenhandel, wichtigste Ein- und Ausfuhrgüter, wichtigste Handelspartner, ausländische Direktinvestitionen, Länderbonität, Devisenreserven, Außenhandel mit der EU und Deutschland, wichtigste deutsche Ein- und Ausfuhrgüter. (GTAI, 24/11/2021) Mehr |
|
| Companies & Industrial Sectors |
|
|
|
Merger of convenience DTAC and True's proposed union is fraught with risks, but many argue the telecom giants had no alternative in a saturated market with shrinking margins. (Bangkok Post, 29/11/2021) More
Siam Makro’s Lotus’s buyout pushes business liquidations in Thailand up by 31% in Oct Siam Makro’s 218-billion-baht acquisition of Lotus’s stores from CP Retail Holding in September bumped the number of business liquidations in Thailand up by 31 per cent in October. (The Nation, 28/11/2021) More
Thailand’s medical industry rides demand surge brought by pandemic, aged population Medical devices and the medical services industry can easily be made part of Thailand’s S-curve growth engine, Industry Minister said. He pointed out that Thailand has exported 22.2 per cent more medical devices in the first nine months of this year or an increase of 25 billion baht against the same period last year. (The Nation, 23/11/2021) More
Thailand has over 20,000 foreign visitors in Oct after gradual reopening Thailand welcomed 20,272 foreign tourists in October, up from 1,201 foreign arrivals in the same period a year earlier, government data showed, due to a pilot tourism programme on the islands of Phuket and Samui. (Bangkok Post, 23/11/2021) More
SVT expanding as Covid drives up sales Sun Vending Technology Plc (SVT) is beefing up its vending machine business to capitalise on rising demand for the devices due to the pandemic. (Bangkok Post, 22/11/2021) More
Cabinet approves new 2022 tourism campaign The cabinet has approved a new tourist promotion campaign, "Visit Thailand Year 2022”, and the Centre for Covid-19 Situation Administration (CCSA) has formed a committee to oversee pandemic-related obstacles for the sector. (Bangkok Post, 17/11/2021) More
TAA predicts full recovery in 2 years Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next two years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country's reopening on Nov 1. (Bangkok Post, 16/11/2021) More
Auto refinance loans surge in first half Overall auto refinance loans showed strong growth in the first six months of this year, in line with people's higher demand of liquidity during the prolonged Covid-19 pandemic. (Bangkok Post, 16/11/2021) More |
|
GTCC BUSINESS WOMEN NETWORKING |
|
|
GTCC VIRTUAL EXCHANGE BY GTCC HR COMMITTEE |
|
|
Singapore to extend VTLs to 6 more countries, including Thailand and Cambodia Travellers from Thailand, Cambodia, Fiji, Maldives, Sri Lanka and Turkey will be able to enter Singapore quarantine-free from the middle of next month, with the launch of six new vaccinated travel lanes (VTLs), according to the Civil Aviation Authority of Singapore (CAAS). (The Strait Times, 26/11/2021) More
Asean's next move The coronavirus pandemic has taken a severe toll on Asean countries again this year, with millions infected and tens of thousands of fatalities. While the worst of the surge appears to have passed, recovery will depend on pandemic management and response to the risks of new variants emerging. (Bangkok Post, 29/11/2021) More
A third of job losses in Asia linked to tourism - ILO Nearly a third of total job losses in five Asian countries were linked to tourism, with an estimated 1.6 million jobs lost, according to the International Labour Organization. (Bangkok Post, 18/11/2021) More |
|
State mulls cut in import tax on EVs The Finance Ministry may consider lowering the import duty on electric vehicles (EVs) as part of the measures to promote the use of EVs. (Bangkok Post, 29/11/2021) More
BGRIM takes 80% in onshore wind farm B.Grimm Group (BGRIM) has acquired 80% of Huong Hoa Onshore wind farm in Vietnam for 237 million baht. (Bangkok Post, 23/11/2021) More |
|
EEC touts prudence of PPP projects Four key infrastructure projects in the flagship Eastern Economic Corridor (EEC) are saving the state significant amounts of money because of their public-private partnership (PPP) funding, in addition to offering a net return of more than 200 billion baht for the government, according to the EEC Office. (Bangkok Post, 27/11/2021) More
Number of BCG projects, value to continue to grow Investment value of projects related to the bio, circular and green (BCG) economic model is expected to grow further after reaching 677 billion baht as of September, says the Board of Investment (BoI). (Bangkok Post, 23/11/2021) More
Govt plans to join talks on trans-Pacific trade pact membership Thailand aims to join talks on membership of a trans-Pacific free-trade agreement, a government official said on Monday, despite opposition from some politicians and business groups over fears the pact could harm farm and healthcare businesses. (Bangkok Post, 22/11/2021) More |
|
| Legal / HR / CSR / Education |
|
|
|
New criteria for welfare eligibility The Ministry of Finance is proposing new criteria for state welfare eligibility based on the total earnings of family members, which should not exceed 200,000 baht per year, according to Deputy Finance Minister Santi Promphat. (Bangkok Post, 20/11/2021) More |
|
| Important update on Covid-19 |
|
|
|
Travel ban on 8 nations tied to new variant Thailand will ban travellers from eight southern African countries where a new Covid-19 strain was found. No cases of the new variant have been detected in Thailand so far, according to the Department of Disease Control. (Bangkok Post, 28/11/2021) More
Nightlife industry closed until Jan 16 Night entertainment venues will not be allowed to open before Jan 16 as the government has extended the emergency decree for another two months. (Bangkok Post, 27/11/2021) More
CCSA ends curfew, eases more curbs to bolster tourism Thailand will no longer have a curfew starting next month after lifting the nighttime ban being enforced in the last remaining six provinces as part of the measures to revitalise the economy and tourism sector. (Bangkok Post, 26/11/2021) More
Antigen Test Kits (ATK) available through BOT/TCC BoT/Thai Chamber of Commerce are offering a special price for Antigen Test Kits (ATK) only for members of foreign chambers in Thailand when order through the Thai Chamber of Commerce (TCC) channel. The Antigen Test Kits (ATK) brands are all certified by Food and Drug Administration: FDA, Ministry of Public Health. Please see further information on how to order and fill out the Request Form within 30 December 2021 via: thaichamber.org/news/preview/1216
|
|
GTCC Clean Air Initiative (GTCC CAI) GTCC has launched the “GTCC Clean Air Initiative Series – Green Solutions from Germany" in which GTCC member companies will introduce and promote their technologies, concepts and services regarding the prevention and reduction of air pollution for the markets in Thailand and the Southeast Asia region. The participating companies will also share their suggestions regarding the regulatory framework in Thailand. The sixth webinar will take place on 11 January 2022 with CLAAS Regional Center South East Asia Co., Ltd.
|
|
|
Results of AHK World Business Outlook Survey – Fall 2021: Thailand The AHK World Business Outlook is based on a survey of member companies of the German Chambers of Commerce Abroad, Delegations and Representative Offices (AHKs). About 50 GTCC members participated in the survey from 24 September to 11 October 2021. More |
|
|
BGRIM wins five Asian Excellence Awards 2021 B.Grimm Power PCL (BGRIM) has won five prestigious Asian Excellence Awards 2021 from the Corporate Governance Asia, Asias leading investment and governance magazine. One of the awards is “Asia’s Best CEO” goes to BGRIM Chairman and President Harald Link for leading the firm to achieve sustainable growth, being responsible to shareholders, investors and stakeholders equally, making the organisation credible and recognised domestically and internationally. (The Nation, 25/11/2021) More
Bumrungrad Hospital is offering a special promotion on annual check-up packages Receive 30% discount on check-up packages when purchased together with the Moderna vaccine. Promotion is available through 31st December 2021. More
Mazars Talk ‘Tips for smart tax planning and reducing taxable income for individuals’ Mazars will be organizing on Mazars Talk session on the topic, ‘Tips for smart tax planning and reducing taxable income for individuals’ on 30 November 2021 (11.30 am -12.30 pm). The session will be via Facebook Live on Mazars in Thailand in Thai. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
|
Exclusive offer: SOFTA-GEL special set for X'mas and New Year |
|
|
Validity period: Now until 31 December 2021
|
|
|
Spielwarenmesse® Nuremberg, Germany, 2-6 February 2022 Exhibitors, visitors and media representatives will finally get their wish to meet in person again at the world’s most important event in the industry. Trade visitors can only purchase one-day tickets online as there will not be any ticket counters at the event. Admission screening and sanitiser stations will further increase on-site safety. Testing will be offered at the exhibition centre. See updates on safety and hygiene measures HERE. |
|
|
BIOFACH and VIVANESS 2022 – a sure thing! 15 - 18 February 2022, Nuremberg, Germany The hygiene concept for BIOFACH and VIVANESS is based on the framework hygiene concept for trade fairs and exhibitions valid in Bavaria. The hygiene concept has already proved its worth at all events held on the NürnbergMesse site since September 2021 and has been successfully implemented and accepted. See detailed information and applicable regulations for both exhibitors and visitors HERE. |
|
|
German trade fairs need the option to admit tested participants In view of a recent increase of COVID-19 restrictions, the German trade fair industry is demanding maximum planning reliability for the industry from policymakers at the federal and state level. In addition to those who have been vaccinated and those who have recovered, exhibitors and visitors tested negative must continue to be able to participate in trade fairs. (AUMA, 08/11/2021) More |
|
|
ASEAN Snapshot 2021 The 4th editon of ASEAN Snapshot published by the German Chambers ASEAN Business Council (GCABC), provides you with an overview of the economic developments of ASEAN member countries, ranging from demographic, economics, trade and investment, and the business relations between selected ASEAN nations with Germany. More |
|
|
Deutschland nach der Wahl | Germany after the election: What economic policies to expect from a new government – with special focus on Asia-Pacific" 9 December 2021, 9:00 - 10:00 hours CET via Microsoft Teams. Participants will gain an exclusive insight into economic policy developments in Germany, three months after the elections, in addition to a special focus on the Asia-Pacific region. See details and register HERE. |
|
|
Chadaphan Maliphan
Publication and Communication Manager |
|
|
In compliance with the EU General Data Protection Regulation (GDPR), please be informed that your personal data (name and contact details) is being stored and used by us to send you our newsletter, invitations to our events and invitations to participate in surveys. We confirm that we will not share your personal data with any other organisation and that you can withdraw your consent at any time by contacting us by email <communications@gtcc.org>. For more information please see our website for our Data Protection Policy. |
|
|
