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25/08/2022 [Save the date] GTCC connects 2/2022: Welcome Back
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Gem and jewellery exports set for further growth Thailand's gem and jewellery exports are expected to fare better than expected this year. (Bangkok Post, 25/07/2022) More
BoT says growth might exceed 3% in second quarter The Bank of Thailand believes Thai economic growth might increase past 3% in the second quarter, mainly thanks to a rebound in domestic consumption under the central bank's commitment to maintain flexible inflation targeting. (Bangkok Post, 23/07/2022) More
Industrial mood rises for first time in 3 months Thailand's industrial sentiment picked up for the first time in three months in June thanks to an easing of Covid-19 restrictions and improved economic activity. (Bangkok Post, 20/07/2022) More
Global economy to hit Thai tourism The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy. (Bangkok Post, 19/07/2022) More
Baht in spotlight after hitting 7-year low The currency of Southeast Asia's second-largest economy hit a seven-year low of 36.35 baht against the greenback last week. (Bangkok Post, 13/07/2022) More
500,000 more migrant workers needed for recovery: Chamber of Commerce Thailand is short more than half a million migrant workers, the Thai Chamber of Commerce said, as the economy struggles with a slow post-pandemic recovery. (Bangkok Post,12/07/2022) More |
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| Mazars in Thailand: Legal brochure |
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Gesetze in Thailand Wir unterstützen Sie bei Ihrer Suche nach thailändischen Gesetzen und Rechtsnormen. (GTAI, 24/06/2022) More
Einschränkungen im Personen- und Warenverkehr Thailand hebt die Einreisebeschränkungen zum 1. Juli 2022 auf. Die Regierung kann die Einreisebestimmungen wie auch die Vorschriften im Inland bei Bedarf jederzeit verschärfen. (GTAI, 21/06/2022) More |
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GTCC MEMBERS EXCLUSIVE SITE VISIT |
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| Companies & Industrial Sectors |
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Tech investors wary amid volatile market While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs. (Bangkok Post, 25/07/2022) More
Banking sector's profits gain on higher interest income The local banking sector recorded improved net profit for the first half year-on-year, attributed to higher interest income. (Bangkok Post, 23/07/2022) More
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations. (Investing.com, 21/07/2022) More
Thailand Post joins hands with Singapore firm on AI for logistics push With a goal of transforming into logistics 4.0, Thailand Post Distribution (THPD) signed MoU with Singapore-based smart mobility firm, Swat Mobility, to jointly research the use of Artificial Intelligence (AI) and machine learning in delivery load and route optimisation. (The Nation, 20/07/2022) More
SCGP offers to buy 100% stake in Peute Recycling SCG Packaging Plc (SCGP) is taking over Peute Recycling BV, the largest packaging material recycling company in the Netherlands, in a move to strengthen its recycling business. (Bangkok Post, 19/07/2022) More Thailand boosts robotics industry The Thai government will boost the development of the robotics industry, Minister of Digital Economy and Society Chaiwut Thanakamanusorn has said. (VNA, 18/07/2022) More
'Correctional' estate being developed The Industrial Estate Authority of Thailand (IEAT) expects the construction of a new "correctional industrial estate" to be completed in 3-5 years, helping the government generate jobs for inmates. (Bangkok Post, 18/07/2022) More
Nok Air eyes B4.88bn for recovery effort Nok Air is raising 4.88 billion baht in funding under a rehabilitation process to prepare for recovery while eyeing the opportunity to operate a new hub at Suvarnabhumi airport. (Bangkok Post, 15/07/2022) More
Tourism fee to hit all foreigners The planned 300-baht tourism fee is expected to apply to all foreigners without exception, serving as insurance coverage of up to 500,000 baht per person in case of accidents. (Bangkok Post, 15/07/2022) More
Orange Line bid on ice due to legal woes The Ministry of Transport has ordered the Mass Rapid Transit Authority of Thailand (MRTA) to put the brakes on the second round of bidding for the subway system's Orange Line western extension that is scheduled to take place on July 27. (Bangkok Post, 13/07/2022) More |
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Steel sector keeping tabs on Myanmar Thai steel manufacturers have fresh concerns over the impact of the suspension of foreign loan payments in Myanmar on steel exports to Myanmar. (Bangkok Post, 25/07/2022) More
Steps to a green recovery A green recovery from the Covid-19 pandemic in Southeast Asia has the potential to create US$172 billion in investment opportunities annually and generate more than 30 million jobs by 2030, according to a new Asian Development Bank (ADB) report. (Bangkok Post, 22/07/2022) More
Cambodia and Thailand sign MoU to reduce logistics costs The strengthening of the logistics relationship with Thailand will help the transport sector in Cambodia reduce costs and time, thereby luring more investment. (The Phnom Penh Post, 21/07/2022) More
New mobility concepts can solve Southeast Asia’s traffic woes Among the most unique reminders of the global pandemic of 2020 and 2021 were images of peacefully empty traffic arteries in cities around the region and around the world. (The Nation, 20/07/2022) More |
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Schaeffler mulls move into Thai electric vehicle market Schaeffler Manufacturing (Thailand), a Germany-based producer of automotive and industrial products, is conducting a feasibility study on the development of new mobility technology-related products to serve the growing electric vehicle (EV) industry in Thailand and overseas. (Bangkok Post, 22/07/2022) More
Thailand in front of EV line: new tax incentives First of the Southeast Asian countries to implement variable vehicle registration costs based on CO2 emissions, Thailand continues to put sustainability on top of the agenda. (Global Fleet, 20/07/2022) More
Thai EV battery market heats up as key players jump in From a state-owned enterprise to a renewable energy startup, key players are jumping into Thailand’s electric vehicle battery market, driven by the government’s push to make the country a regional production hub for EVs and their components. (FMT, 19/07/2022) More |
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Thailand expects 1m new expats, THB1trn from land-for-investment move Allowing foreigners who invest at least 40 million baht (about US$1 million) to purchase property and land will bring up to 1 trillion baht and 1 million new expat residents in the next five years, the government said on Friday. (The Nation, 15/07/2022) More
Thailand gets into gear with 234 billion baht road investment The Ministry of Transport got into gear yesterday and agreed to invest in five road construction projects worth about 234 billion baht to make life easier for Thailand’s car owners. (Thaiger, 13/07/2022) More |
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| Legal / HR / CSR / Education |
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Tax breaks promised for companies holding events in Thailand Companies holding seminars or exhibitions in Thailand will get a fairly large corporate tax break, the government announced on Tuesday. (The Nation, 17/07/2022) More
Extension of excise tax cut okayed The cabinet approved extending the reduction of excise tax on diesel by 5 baht per litre for another two months from July 21 to Sept 20 to mitigate the impact of high energy prices. (Bangkok Post, 13/07/2022) More |
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| Important update on Covid-19 |
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New variant detected in Thailand, doctor calls out CCSA for under-reporting infections The latest sub-variant of the Covid-19 virus, BA 2.75, has been detected in the southern Thai province of Trang. (Thaiger, 21/07/2022) More
Thailand’s Public Health Ministry urges 10 day quarantine Thailand’s public health authorities are pushing people to follow the 10-day quarantine period if they test positive for Covid-19. (Thaiger, 16/07/2022) More
Bangkok to open 500 more field hospitals after Covid-19 spike Bangkok Governor Chadchart Sittipunt said more field hospitals and isolation centres would be reopened to curb the recent spike in Omicron sub-variants BA.4 and BA.5 if it is necessary. (Thaiger, 15/07/2022) More
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GTCC's 60th Anniversary: Our 60 facts #14 One decade after the GTCC was founded in 1962, the number of members had increased to 135, The majority of the members were Thai exporters (28 of them were in Germany). |
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TÜV SÜD Thailand: Inauguration of Battery and Automotive Components Testing Centre and MoU signing with TAI TÜV SÜD Thailand officially inaugurated its Battery and Automotive Components Testing Centre in Chonburi. On this occasion, an MoU was also signed between TAI (Thailand Automotive Institute) and TÜV SÜD to further strengthen the infrastructure and support the automotive industry to comply to global standards. More
BGRIM unveils 2 new gas-fired powerhouses B.Grimm Power Plc (BGRIM) has announced the start of two natural gas-fired powerhouses, each with 140 megawatts in generation capacity. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Exclusive offer: 25% off on Sunday Jazzy Brunch (food only) |
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IFA Berlin 2-6 September 2022, Berlin IFA Berlin, the world’s most important trade show for consumer electronics and household appliances, is making a large-scale and real-life return this year with a record number of new products being unveiled. Brands, manufacturers and retailers alike are queuing up to come to Berlin – media, games, communication, photo & video, audio entertainment, home entertainment, smart home, smart appliances and so much more. More |
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drinktec 12-16 September 2022, Munich drinktec in Munich is the world's leading exhibition for the beverage and liquid food industry. Manufacturers showcase their latest technologies and system solutions for the entire process chain from raw materials and manufacturing, filling and packaging of all kinds of beverage and liquid food – including raw materials and logistics solutions. The themes of beverage marketing and packaging design round out the portfolio. More |
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Corona pandemic and trade fairs Since June 11, 2022, COVID-19 related entry restrictions to Germany are lifted. A proof of vaccination, proof of convalescence, proof of testing or proof of trade fair participation is no longer required to enter Germany. Citizens from countries with visa requirement who travel to Germany to visit a trade fair or exhibit need a business visa. Employees of exhibiting companies are exempt from the visa fee. More |
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ASEAN Snapshot 2022 The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, is pleased to introduce to the fifth edition of the ASEAN Snapshot booklet with a variety of up-to-date charts and infographics about ASEAN economic developments, ranging from demographic, economics, trade and investment information. More |
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AHK World Business Outlook Frühjahr 2022 Der AHK World Business Outlook basiert auf einer Umfrage bei den Mitgliedsunternehmen der Deutschen Auslandshandelskammern, Delegationen und Repräsentanzen (AHKs). An der Befragung im März/April 2022 haben mehr als 4.200 deutsche Unternehmen, Niederlassungen und Tochtergesellschaften sowie Unternehmen mit engem Deutschlandbezug teilgenommen. Mehr |
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Export Business Guide - Eigentumsvorbehalt bei Warenlieferungen ins Ausland Die vorliegende 11. Auflage des Export Business Guide zeigt das Rechtsinstitut des Eigentumsvorbehaltes in 80 Ländern auf. Mehr |
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Asien-Pazifik-Forum Bayern 13. September 2022, Nürnberg The 15th Asia-Pacific Forum Bavaria will shed light on your opportunities for sales, sourcing, investment and innovation. The conference program explains the reorganization of the global economy and supports participants in strategy development. The German Chambers of Commerce Abroad in Asia will offer individual consultations and more than 20 exhibitors will present their Asia-Pacific services in the form of a small trade fair. More |
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APK 2022 13–14 November 2022, Singapore The Asia-Pacific Conference of German Business (APK 2022) aims to provide a platform to deepen the dialogue on current economic developments in Europe and the Asia-Pacific region as well as to build and strengthen personal and economic ties. The 17th APK will be co-chaired by the APA-Chairman, President and CEO of Siemens AG Roland Busch and the Vice Chancellor and Federal Minister for Economic Affairs and Climate Action Robert Habeck. More |
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Chadaphan Maliphan
Publication and Communication Manager |
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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. |
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