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21/09/2022
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GTCC MULTI-CHAMBER EASTERN SEABOARD SEMINAR |
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BoT to improve payment system standard The Bank of Thailand plans to upgrade the country's payment system standard to stabilise financial services and prevent digital banking glitches. (Bangkok Post, 16/09/2022) More
Revenue expected to exceed 2022 target Fiscal 2022 will be the first year since the pandemic broke out for government revenue collection to exceed its target, says Krisada Chinavicharana, permanent secretary of the Finance Ministry. (Bangkok Post, 14/09/2022) More
Govt sees 22% drop in investment pledges this year The government expects overall investment applications to drop by 22% to 500 billion baht this year after a first-half slump, spokesman Anucha Burapachaisri said in a statement on Monday.(Bangkok Post, 13/09/2022) More
Thai consumer confidence at 7-month high in August Thai consumer confidence rose for a third straight month in August, reaching a seven-month high, bolstered by improved economic activity following government support measures and easing of Covid-19 curbs, a survey showed on Tuesday. (Bangkok Post, 13/09/2022) More |
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| Mazars payroll flash news – Sept 2022 |
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Bauindustrie schreitet durch eine Talsohle Staatliche Bauprojekte verzögern sich und Covid-19 hat die Nachfrage nach Immobilien geschwächt. Aber einige Lichtblicke hellen die Baukonjunktur auf. Mehr |
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GTCC MULTI-CHAMBER EASTERN SEABOARD NETWORKING |
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| Companies & Industrial Sectors |
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Banks participate in $5m DeFi fundraising The venture capital (VC) arms of Kasikornbank (KBank) and Bank of Ayudhya (BAY) have participated in a US$5-million (about 160 million baht) fundraising to support decentralised finance (DeFi). (Bangkok Post, 19/09/2022) More
August industrial sentiment back at pre-pandemic level Thailand's industrial sentiment rose for a third straight month in August to the highest level in more than two years, boosted by improved economic activity and a rebound in tourism as Covid-19 curbs were eased, a business group said. (Bangkok Post, 19/09/2022) More
Thai cities chosen for global energy events Thailand is to host three international power and energy conferences between 2023 and 2025, offering updates on new energy issues while boosting the country's events business. (Bangkok Post, 19/09/2022) More
US, China, UK account for 45% of the 400 LTR visa applications The Thai government predicted one million rich foreigners would snap up new long-term resident visas when the scheme was launched on September 1. In the first 12 days, the LTR visa applications began slowly rolling in, with about 400 people applying so far, mostly pensioners. Officials are framing the applicants so far as a glimpse of what’s to come as the programme gains traction. (Thaiger, 16/09/2022) More
AirAsia X set to ramp up cargo services AirAsia X plans to ramp up its cargo service to increase its revenue contribution to 20-25%, from single digits, in addition to synergising passenger routes with airlines in its group to improve efficiency as airfares rise. (Bangkok Post, 14/09/2022) More
First phase of high-speed train 'to finish in 2027' The first phase of a high-speed train linking Bangkok and Nakhon Ratchasima will be completed in 2027, said government spokesman Anucha Burapachaisri on Wednesday. (Bangkok Post, 12/09/2022) More |
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GTCC MULTI-CHAMBER TRAINING |
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GTCC STAMMTISCH BANGKOK 3/2022 |
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Thailand expects to become logistics hub in ASEAN Thailand’s Ministry of Transport has proposed a scheme to turn Thailand into a key logistics hub to cover land, air and maritime transport in the Association of Southeast Asian Nations (ASEAN). (Vietnam Plus, 15/09/2022) More
ASEAN and UNOPS sign Agreement to Combat Marine Plastic Pollution in Southeast Asia ASEAN and the United Nations Office for Project Services (UNOPS) have signed an agreement at the ASEAN Secretariat (ASEC) to support ASEAN Member States (AMS) in combating marine plastic pollution through the joint implementation of the World Bank’s US$20 million grant project Southeast Asia Regional Program on Combating Marine Plastics (SEA-MaP). (Asean, 16/09/2022) More
Depleting reserves spell risks for emerging Asian currencies Emerging Asian central banks have seen a sharp depletion in their foreign- exchange reserves, stocking concerns it may crimp market interventions to curb currency losses in the face of the mighty dollar. (Bangkok Post, 13/09/2022) More
Ministry to step up export promotion to meet target The Commerce Ministry has vowed to continue ramping up export promotion activities in the remaining months of 2022, with the aim of raising export revenue to US$285 billion by year-end, hitting the ministry's target and an uptick from $271 billion in 2021. (Bangkok Post, 16/09/2022) More |
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[LAST 3 TABLES] GTCC OKTOBERFEST 2022 |
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GTCC BUSINESS & STUDY TRIP to GERMANY “THE FUTURE OF HEALTHCARE” TO MEDICA 2022 |
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FTI highltights switch to battery-powered motorcycles The Federation of Thai Industries (FTI) expects hybrid electric motorcycles to become less popular among Thai riders after the number of newly registered bikes in this category fell by 80% year-on-year the first seven months this year. (Bangkok Post, 19/09/2022) More
GC Revolutionizes Circular Resource Management with the Opening of ENVICCO Thailand's First and Southeast Asia's Largest High-Quality & Food-Grade Recycled Plastic Resin Plant, Aiming to Reduce Used Plastics in Thailand by 60,000 Tons/Year (Cision, 16/09/2022) More
China's BYD to start EV production in Thailand by 2024 Chinese electric vehicle (EV) maker BYD announced it would set up a facility in Thailand to start producing 150,000 passenger cars per year from 2024, based on a purchase agreement with WHA Group that had been signed for 96 hectares (237 acres) of land in Rayong for the plant. The 17.9 billion baht ($491.49 million) project to produce EVs was approved by BoI last month. (Reuters, 08/09/2022) More
Asean 'needs to double' green energy spending JAKARTA: Southeast Asian nations need to more than double their annual investment in renewable energy to meet climate goals, according to a new report. (Bangkok Post, 16/09/2022) More
Call for EV chargers to harness solar power The growing number of electric vehicles (EVs) requires long-term planning to ensure adequate power supplies, with one idea being to build "micro grids" at charging stations, says Delta Electronics (Thailand) Plc. (Bangkok Post, 16/09/2022) More |
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GTCC MEMBERS EXCLUSIVE SITE VISIT |
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From linear to circular: EU, ASEAN inaugurate Stakeholder Platform Secretariat to boost region’s circular economy The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) inaugurated today the ASEAN Circular Economy (CE) Stakeholder Platform Secretariat in Bangkok, Thailand. It will support the ASEAN region to achieve sustainable consumption and production and accelerate a transition to a circular economy. (Asean, 16/09/2022) More
BOI meets with the European Free Trade Association (EFTA) Parliamentary Committee Ms. Duangjai Asawachintachit, Secretary-General of the Thailand Board of Investment (BOI) met with the European Free Trade Association (EFTA) Parliamentary Committee on 8 September 2022 at the residence of the ambassador of Switzerland to Thailand, during the committee’s visit to Thailand from 5-9 September, 2022. (Bangkok Post, 16/09/2022) More
The European Union and Thailand initial Partnership and Cooperation Agreement Today, the European Union and Thailand have finalised the text of the EU-Thailand Partnership and Cooperation Agreement (PCA). Respective Chief Negotiators initialled the text, closing the negotiation process, at a ceremony held at the European External Action Service in Brussels. (European Union External Action, 14/09/2022). More
A pact for like-minded traders Thailand and European Free Trade Association (EFTA) are stepping up efforts to forge a Free Trade Agreement (FTA). (Bangkok Post, 12/09/2022) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY TO EUROTIER 2022 |
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| Legal / HR / CSR / Education |
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Thai cabinet extends excise diesel tax cut for 2 more months The Thai Cabinet is extending the country’s excise diesel tax cut for another two months after diesel prices hit Thailand hard this year. The cut of five baht per litre will be extended from September 21 to November 20. (Thaiger, 16/09/2022) More
Cabinet approves energy support, wage hikes The cabinet agreed to extend a diesel tax cut for two months and extend an electricity subsidy until December to mitigate the impact of high energy prices, the government said.(Bangkok Post, 14/09/2022) More
3 Thai cities added to Unesco learning network Sukhothai, Phayao and Hat Yai in Songkhla province have been added to the United Nations Educational, Scientific and Cultural Organisation's (Unesco) list of "learning cities", raising the number of such cities in Thailand to seven. (Bangkok Post, 12/09/2022) More
Most people 'can't afford to retire' Most people need to save at least three million baht to see through their retirement but most elderly are not financially equipped to survive without an income, says a local financial expert. (Bangkok Post, 12/09/2022) More |
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| Important update on Covid-19 |
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DMS defends use of favipiravir pills The Department of Medical Services (DMS) on Monday defended the effectiveness of favipiravir in treating Covid-19 patients against an international study claiming the antiviral drug lacked efficacy in treatments. (Bangkok Post, 13/09/2022) More
Covid to be downgraded from Oct 1 The government is ready to announce the downgrade of Covid-19 from a dangerous communicable disease to one that is "communicable under surveillance" from Oct 1, said Public Health Minister Anutin Charnvirakul. (Bangkok Post, 12/09/2022) More
NHSO halts jab compensation The National Health Security Office (NHSO) says it will no longer compensate people experiencing side-effects of Covid-19 vaccines, except gold-card universal healthcare members. (Bangkok Post, 12/09/2022) More
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GTCC's 60th Anniversary: Our 60 facts #18 In 1975, GTCC was one of the five chambers invited to join the Foreign Investment Advisory Council, which was suggested by Thailand’s Prime Minister M.R. Kukrit Pramoj during his speech at a joint luncheon meeting. |
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Renaissance Bangkok Ratchaprasong Hotel's New General Manager Renaissance Bangkok Ratchaprasong Hotel welcomes Khun Rattapol Ratthaphothiwat as a new General Manager. He is in charge of regulating the hotel's overall operations and business strategy to ensure that they accurately reflect Renaissance brand alignment and embark on positioning towards reaching their goals. More
VNU Asia Pacific ‘BYOND MOBILE’ VNU Asia Pacific is launching ‘BYOND MOBILE’ from 28-29 September 2022 at Samyan Mitrtown Hall, Bangkok to set a platform for the digital infrastructure. Be a part of the 5G revolution and drive your business to the next level by unlocking the potential of the IOT area. 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 - 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: - This offer is applicable for GTCC Members only - All Members need to present their membership cards or employee cars upon reservation & check-in |
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Chillventa 11-13 October 2022, Nuremberg, Germany A month from now it will be that time again, Chillventa, the World’s Leading Exhibition for Refrigeration Technology, will draw the international refrigeration, AC, ventilation and heat pump community to Nuremberg. For the duration, eight exhibition halls will host more than 800 exhibitors and their innovative products and solutions in the areas of air-conditioning, ventilation systems, heat pumps, cooling systems, insulation and I&C. 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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Late trade fair half-time in Germany: Autumn trade fairs begin After the trade fair summer with 140 trade fairs, a trade fair autumn is about to begin for the German trade fair industry. With at least 45 trade fairs, September will be challenging for the 70 trade fair locations and all trade fair trades. There are at least 45 more trade fairs in October, and 40 trade fairs are planned for November: an unprecedented tight cycle, caused by forced postponements, cancellations and bans on trade fairs in previous years. Meanwhile, the uncertainties for the trade fair industry are increasing again due to the explosion in energy prices, inflation and the new corona restrictions currently being discussed. 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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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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