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22 August 2022
 
Upcoming events
24/08/2022

25/08/2022

07/09/2022

08/09/2022
[Save the date] GTCC YP Network Evening 3/2022

13/09/2022

14/09/2022

22/09/2022
[Save the date] GTCC-TEBA event "Towards an Electric Mobility Era in Thailand"

23/09/2022
[Save the date] GTCC Multi-Chamber Eastern Seaboard Seminar with Luther

23/09/2022
[Save the date] Multi-Chamber Eastern Seaboard Networking by GTCC

27/09/2022
[Save the date] GTCC Monthly Content Event 7/2022 with L&P

29/09/2022
[Save the date] GTCC Stammtisch Bangkok 3/2022
GTCC connects 2/2022: Welcome Back
For more events, please click HERE
 
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MAZARS IN THAILAND
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KRÜGER DIRNDL 
 
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GTCC CONNECTS WELCOME BACK
 
Economy
Finance minister: Economy to grow 3.0-3.5% this year, recovery intact
Thailand's economy is expected to grow by 3.0% to 3.5% this year, helped by public investments and a pick-up in the vital tourism sector.  (Bangkok Post, 22/08/2022) More

Thailand targets $62 billion investment in industrial east over five years
Thailand is aiming for 2.2 trillion baht ($61.97 billion) of investment in the country's industrial east over the next five years. (Reuters,15/08/2022) More

Record-high electricity price rise approved
The Energy Regulatory Commission (ERC) has approved an 18% rise in the price of electricity for the September-December quarter, to a record-high 4.72 baht per kilowatt hour (unit). (Bangkok Post, 15/08/2022) More

Making more than ends meet
A move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be. (Bangkok Post, 15/08/2022) More

Thailand’s economy grows but it still misses China’s cash
A new poll revealed Thailand’s economy grew at its fastest in a year over the last quarter but the kingdom’s outlook is still threatened by the high cost of living and China’s decision to maintain a zero-Covid-19 policy. (Thaiger, 12/08/2022) More

Bank of Thailand signals gradual moves after first hike since 2018
The Bank of Thailand (BoT) has signalled sticking with measured moves going forward to fight inflation without derailing the economic recovery, after raising the benchmark policy rate for the first time in more than three years. (Bangkok Post, 10/08/2022) More
 
Economic Factsheet
UPDATE Magazine
C-suite barometer 2021 in APAC
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GTAI
Gute Geschäfte mit Augenoptik
Die Alterung der Bevölkerung und Modetrends treiben in Thailand die Nachfrage nach Augenoptik. Die lokale Produktion von Brillengläsern legt zu. (GTAI, 25/07/2022) Mehr

Thailand - Muss mehr für den Klimaschutz tun
Die Maßnahmen zum Schutz des Klimas sind noch dürftig. Regierung und Wirtschaft kündigen ambitionierte Pläne und Projekte an. Ausländische Expertise ist gefragt. (GTAI, 17/07/2022) Mehr
 
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HÄFELE (THAILAND)
 
Companies & Industrial Sectors
Steel prices drop amid demand dip
Global steel prices, which soared as a result of the Russia-Ukraine war, have declined following lower demand for steel in China. (Bangkok Post, 22/08/2022) More

Eaton eyes growth in Thailand, Cambodia after Covid pandemic
Eaton Electric (Thailand) Ltd is eying growth in Thailand and Cambodia with advanced electricity products to meet rising demands during the economic recovery in the second half of this year, the country manager said. (The Nation Thailand, 17/08/2022) More

TCT says local industry lagging
Thai tourism is lagging behind neighbouring countries in terms of tourism development and practical solutions to cushion the impact of the prolongedCovid-19 pandemic, geopolitical tensions and economic setbacks, according to the Tourism Council of Thailand (TCT). (Bangkok Post, 17/08/2022) More

Tourists Pouring Back Into Thailand Underpin Outperforming Baht
Thailand’s baht rebounded so rapidly in the past few weeks on optimism about the country’s tourism-led growth that it’s already hit year-end analyst targets. (Bloomberg, 15/08/2022) More

Govt to regulate booming auto leasing sector
The government plans to regulate the fast-growing business of hire purchase and leasing of cars and motorcycles to maintain financial stability and protect consumers, the central bank said on Monday. (Bangkok Post, 15/08/2022) More

Thai Airways’ B80bn capital-raising plan led by govt
Thai Airways International Plc will receive key financial support from the government for its 80 billion baht capital raising and debt-to-equity swap plan aimed at helping the state-controlled carrier come out of its pandemic-induced bankruptcy. (Bangkok Post, 09/08/2022) More

Lotus's expansion on track with B13bn to be invested
Ek-Chai Distribution System Co, the operator of Lotus's hypermarkets, is moving ahead with plans to allocate 12.5-13.5 billion baht this year to expand its business. (Bangkok Post, 09/08/2022) More
 
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GTCC BUSINESS & STUDY TRIP to GERMANY
“THE FUTURE OF HEALTHCARE” TO MEDICA 2022
 
Thailand & ASEAN
Young Thai entrepreneurs eye business opportunities in new Laos hub
Thai entrepreneurs are exploring business opportunities offered by the new Vientiane Logistics Park and its Thanaleng Dry Port. (The Nation Thailand, 09/08/2022) More

Thai firms eye potential of Cambodian investments
Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. (Bangkok Post, 09/08/2022) More
 
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GTCC OKTOBERFEST 2022
 
Green Technology
Bangkok gets 20 new electric buses next week
Finally, some good news for commuters as the government delivers its promise to introduce electric buses in Bangkok a week tomorrow. (Thaiger, 12/08/2022) More
 
Bilateral Business
BoI receives 784 applications in first half
Thai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the same period last year, but the combined investment value dropped by 42% year-on-year to 219.7 billion baht. (Bangkok Post, 18/08/2022) More

Gulf sells 50% stake in German wind farm for B11bn
SET-listed Gulf Energy Development has divested a 50% equity stake in the Borkum Riffgrund 2 offshore wind power project in Germany to the Keppel Group for around 11 billion baht. (Bangkok Post, 17/08/2022) More
 
Legal / HR / CSR / Education
New visa plan aimed at Europe's wealthy digital nomads
Thailand will soon welcome applications for its 10-year "golden visa" scheme aimed at wealthy foreigners, primarily those employed in tech sectors and digital nomads — or "work-from-Thailand professionals" as the Thai government puts it. (Bangkok Post, 22/08/2022) More

Thailand introduces fine for not wearing seat belt in the back seat
Not wearing a seat belt in the back seat of a car in Thailand will soon be punishable by a 2,000 baht fine. The rule will come into effect 120 after its publication in the Royal Gazette on September 5, 2022. (Thaiger, 10/08/2022) More
 
Important update on Covid-19
Covid-19 “hospitel” isolation in Thailand to end September 1
One option for Covid-19 patients with no or mild symptoms in Thailand is to check into a hotel designated for Covid-19 isolation, known as a “hospitel,” but not for much longer. (Thaiger, 11/08/2022) More

Thailand has 5 BA.2.75 antibody-resistant Covid-19 sub-variant
Health authorities are now keeping a close eye on the development of five confirmed infections of the Covid-19 sub-variant BA.2.75, known to be antibody resistant. (Thaiger, 08/08/2022) More

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
GTCC News
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GTCC's 60th Anniversary: Our 60 facts #16
The first honorary membership certificate was awarded to Mr. Charoon Sibunruang (Bangkok Trading Co., Ltd.) during the opening ceremony of GTCC’s third office at Kongboonma Building on 16th August 1972.

 
Member News
AYUD listed in the ESG Emerging List
Allianz Ayudhya Capital Public Company Limited (AYUD), an investment holding company with its core business in the life and non-life insurance business, has been awarded as one of the listed companies with outstanding Environmental, Social and Governance (ESG) and recognized in the 2022 ESG Emerging List from Thaipat Institute. More

Vana Belle Koh Samui wins Haute Grandeur Excellence Award 2022
Vana Belle, a Luxury Collection Resort, Koh Samui is delighted to receive 3 excellence awards from Haute Grandeur including Best All Suite Hotel in Asia, Best Beach Hotel in Asia, and Best Honeymoon Hotel in Thailand. More

German Kitchen Design opens in Bangkok
State-of-the-art showroom debuts at River City Bangkok, where local residents can customise their own German-designed kitchen and visualise it using the latest virtual reality technology. More

MedPark takes the LEED in Thai hospitality
With LEED Gold certification mounted on the wall, MedPark Hospital joins the elite of international hospitals rigorously checked-up for sustainable building design – and that’s not just good for the planet; it’s best for medical practitioner performance and patient treatment outcomes too. (Bangkok Post, 15/08/2022) More

GTCC members' promotions 
Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
 
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Exclusive offers: 
- Get 20% discount on all Room Rates (C1C not included)  
- Get 10% discount on Food & Beverages in any outlets
- Get 10% discount on Spa Treatments at Spa Cenvaree
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Validity:
Now until 30 September 2022

Conditions:
- All Members need to be presented their membership cards or employee cars upon reservation & check-in
- Subject to room availability upon receiving your confirmation

 
Trade Fairs
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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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InnoTrans
20-23 September 2022, Berlin
InnoTrans is the leading international trade fair for transport technology and takes places every two years in Berlin. Sub-divided into the five trade fair segments (Railway Technology, Railway Infrastructure, Public Transport, Interiors and Tunnel Construction), InnoTrans occupies all 42 halls available at Berlin Exhibition Grounds. A unique feature of InnoTrans is its outdoor and track display area, where everything from tank wagons to high-speed trains are displayed on 3,500 metres of track. More
 
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bauma
24-30 October 2022, Munich
bauma is the world's leading trade fair for the building industry. The trade fair presents a comprehensive international product range in the area of construction machinery, building material machines, mining machines, construction vehicles and construction equipment. With a view to the future, we offer the international industry a common platform for profitable innovations, cross-border exchange and far-reaching perspectives. 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
 
AHK network news
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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
 
Other news
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ASEAN Insights 2022
07. September 2022
in der IHK Düsseldorf Südostasien wird zunehmend als „Ausweichmarkt“ zu China für Unternehmen interessant. Welche Potentiale bietet ein Produktionsaufbau in ASEAN? Wie lassen sich Vertrieb und Sourcing in Südostasien gestalten? Welche Trends beschäftigen die pulsierende Region aktuell? Diese und viele andere Informationen bieten „ASEAN Insights 2022“ sowie die anschließenden individuellen Beratungsgespräche mit den Vertretern der Auslandshan-delskammern. 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
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
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GTCC Privacy Policy
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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