30/05/2023
31/05/2023 - 01/06/2023
08/06/2023
08/06/2023
13/06/2023
14/06/2023 16/06/2023
21/06/2023 [Save the Date] STCC Multi Chambers Networking Night
For more events, please click HERE |
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GTCC AFTERWORK BREIFING WITH LUTHER |
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Thai baht under more pressure as political uncertainty persists A NEW low for the Thai baht looms and not even a rate hike by the central bank is likely to halt its slide. (The Business Times, 29/05/2023) More
Employment rate jumps 2.4% in Q1 About 39.6 million people have been employed in the first quarter of this year, marking an employment rate increase of 2.4%, deputy government spokeswoman Traisuree Taisaranakul said on Saturday. (Bangkok Post, 28/05/2023) More
Bank of Thailand likely to raise policy rate next week The Bank of Thailand (BoT) may raise the policy rate one last time at the end of the month after a steady pace of tightening since August helped bring inflation back to target in less than a year, according to analysts. (Bangkok Post, 24/05/2023) More
Household debt surges to 87% of GDP in Q4 2022 Household debt is not only a problem for individuals, but also for the whole economy. It reduces domestic demand, which is a key driver of growth. It also increases financial vulnerability, as households may default on their loan. (Thailand Business News, 23/05/2023) More
Thai PPI index edges downwards, but still higher than many major economies Thailand's Producer Price Index (PPI) declined year on year for the second consecutive month in keeping with the global trend this year. (The Nation Thailand, 22/05/2023) More
Analysts upbeat on Thai growth outlook Thailand's economic growth is expected to accelerate in the final nine months of this year, even as the global economy teeters near a recession, thanks partly to a lift following the May 14 election. (Bangkok Post, 17/05/2023) More
Industries warn of impact of big wage hikes Hefty wage increases promised by the winners of the general election would hurt businesses, jobs and competitiveness, the Federation of Thai Industries (FTI) warned on Tuesday. (Bangkok Post, 16/05/2023) More
Economists weigh in on poll winners The banking sector is recommending the new government prioritise elevating the country's competitiveness through the stimulation of consumption, tourism and private investment. (Bangkok Post, 16/05/2023) More
Thai economy grows 2.7% in first quarter Thailand's economy grew 2.7% in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday. (Bangkok Post, 15/05/2023) More |
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| Reduction in tax on land and buildings |
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Kraftlose Konjunktur bremst Königreich aus Thailands Wirtschaft kann aufgrund vieler Faktoren nicht mehr mit den Wachstumsraten asiatischer Schwellenländer Schritt halten. Nur der Tourismus treibt die Konjunktur noch an. (Thomas Hundt, 22/05/2023) More
Thailand soll neuer Hotspot für Datenzentren werden Die Digitalisierung und Cloud-Dienste beflügeln die Nachfrage nach Datenzentren. Thailand möchte durch großzügige Anreize zum führenden Standort in Südostasien aufsteigen. (Thomas Hundt, 19/05/2023) More
Neue Infrastruktur stärkt Thailands Wirtschaftsader Chinesische Unternehmen sind beim Infrastrukturbau in Thailands Eastern Economic Corridor (EEC) wesentlich beteiligt. Doch bei der Finanzierung möchte das Land unabhängig bleiben. (Marcus Hernig, 28/04/2023) More
Thailand will seine Führungsposition als Kfz-Standort behaupten Thailand ist der größte Hersteller von Kfz in Südostasien. Konventionelle Pkw und Pick-ups sind die wichtigsten Standbeine. Elektrofahrzeuge rücken stärker in den Fokus. (Thomas Hundt, 27/04/2023) More |
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GTCC AFTRERWORK NETWORKING |
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GTCC BWN x INDORAMA VENTURES |
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| Companies & Industrial Sectors |
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Thailand a top digital nomad destination Thailand is the third-best destination in the world for attracting digital nomads after the United States and Spain, according to the online resume building service Resume.io. (Bangkok Post, 26/05/2023) More
Thailand Post plans to launch digital mailbox service by Q3 Thailand Post plans to launch Prompt Post, a full-scale digital mailbox service, by the third quarter to cash in on the electronic document handling business trend and serve the transition roadmap of the transition roadmap of the Post Digital mission. (Bangkok Post, 26/05/2023) More Slump in demand for pickups slows down vehicle sales in April The sales of vehicles in Thailand fell by 6.1% year on year (YoY) in April, mainly because businesses delayed purchases to see the policies of the new government, a senior Toyota executive said on Thursday. (The Nation Thailand, 25/05/2023) More
Construction of three suburban Bangkok electric train lines almost complete The construction of three suburban electric train lines in and around Bangkok, the orange, yellow and pink lines, is over 90% complete and proceeding according to plan, with the pink line, between Khae Rai and Min Buri, ready for trial runs in January next year and full operation mid-year, Anucha Burapachaisri, the government spokesman said on Thursday. (Thai PBS World, 25/05/2023) More
Car production dips y/y, but exports surge Car production in Thailand dropped 0.13% in April from a year earlier to 117,636 units as truck production fell, as auto exports soared that month from a low base, the Federation of Thai Industries said on Wednesday. (Bangkok Post, 24/05/2023) More
Bangkok’s Brown Line monorail project gets MRTA nod Thailand’s Mass Rapid Transit Authority (MRTA) has given Bangkok’s new monorail project worth 49.87 billion baht the go-ahead. (The Nation Thailand, 22/05/2023) More
10m foreign tourists since January: govt Thailand has welcomed almost 10 million foreign tourists since January, generating about 391 billion bath revenue. The government expects the number of Chinese tourists to reach 7 million this year. (Bangkok Post, 21/05/2023) More
Tasco forecasts 8.3% gain in asphalt sales Tipco Asphalt Plc (Tasco), Thailand's largest asphalt producer, expects its sales to grow by 8.3% this year to 1.3 million tonnes despite a global economic slowdown and possible delay in state spending related to the lengthy process required to set up a new government. (Bangkok Post, 19/05/2023) More
Fitch upbeat on post-poll outlook for bank sector Pro-growth policies and the absence of protests after the election are positive signs for Thai banks and the economy, but uncertainties remain as the winning parties try to form a coalition government. (Bangkok Post, 18/05/2023) More |
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THAI-GERMAN CONFERENCE "WASTE MANAGEMENT & RECYCLING" |
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Thailand, 11 other Indo-Pacific nations vow to fortify supply chains Ministers from Thailand, the United States, Japan and 11 other Indo-Pacific nations agreed to strengthen supply chain resilience for critical items such as semiconductors and medicines to respond more promptly to emergencies. (Bangkok Post, 28/05/2023) More
ASEAN to Increase Local Currency Trade ASEAN has agreed to increase the use of local currency transactions and push for better regional payment connectivity, in a move that could be seen as a continuing shift in de-dollarization in the region. (Thailand Business News, 18/05/2023) More |
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Renewable power deals to be ready in Q3 The state grid is expected to sign power purchase agreements (PPAs) with companies selected to join the state's 5.2-gigawatt renewables scheme within the third quarter of this year, says the Energy Regulatory Commission (ERC). (Bangkok Post, 24/05/2023) More
UN reveals region's climate change bill Most countries in Asia-Pacific require sizeable financing to support climate change adaptation and mitigation, says the United Nations Economic and Social Commission for Asia and the Pacific (Escap), domestic collaborations between private financial institutions and project developers to support such needs. (Bangkok Post, 23/05/2023) More
CAAT bids to lower carbon emissions The Civil Aviation Authority of Thailand (CAAT) has joined hands with International Civil Aviation Organisation (ICAO) as they strive for lower carbon emissions from air travel. (Bangkok Post, 16/05/2023) More
Thailand Signs MoU on EV Battery Development with 5 partners Thailand is taking a step forward in the electric vehicle (EV) industry by signing a memorandum of understanding (MoU) with several EV organizations on battery development. (Thailand Business News, 15/05/2023) More |
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Eastern Economic Corridor continues to flourish, official says Investment in Thailand’s Eastern Economic Corridor (EEC) has been continuing to expand since it was legally inaugurated in 2018, with the number of investment promotion applications rising by 92 in the first two months of this year. (The Nation Thailand, 26/05/2023) More BoI posts 77% rise in value The value of investment in Thailand soared by 77% year-on-year to 185.7 billion baht from 397 project proposals between January and March, with South Korea being the top foreign investor in terms of value in the first quarter. (Bangkok Post, 23/05/2023) More
IEAT expects uptick in H2 Foreign investment prospects are expected to remain good this year, although business people have delayed their investments pending the establishment of a new government, according to the Industrial Estate Authority of Thailand (IEAT) and key business leaders. (Bangkok Post, 23/05/2023) More Department eager to push free trade negotiations Thailand wants to increase free trade agreements (FTAs) to cover 80% of its global trade, spanning more than 50 countries, by 2027. (Bangkok Post, 18/05/2023) More |
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| Legal / HR / CSR / Education / Health |
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Chadchart urges review of land tax Bangkok governor Chadchart Sittipunt is calling on the incoming government to review the new land and building tax rules as Bangkok's revenues have dropped significantly since the new rates were put in place earlier this year. (Bangkok Post, 29/05/2023) More
Government revenues are shooting up: Fiscal Policy Office Government revenue collection exceeded its target by 8.9% in first seven months of this fiscal year, which began last October, the Finance Ministry’s Fiscal Policy Office said on Wednesday. (The Nation Thailand, 24/05/2023) More
Regulator sets out rules for ICO portals The Securities and Exchange Commission (SEC) has issued regulations governing digital token offering service providers (ICO portals), prohibiting them from acting as an ICO portal for digital token issuers that have conflicts of interest. (Bangkok Post, 18/05/2023) More New coalition urged to give stimulus to small firms The new government, once formed, is being urged to create additional economic stimulus packages that primarily benefit small operators, rather than large ones. (Bangkok Post, 16/05/2023) More |
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| Important update on Covid-19 |
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'Novids' warned as Covid on the rise Covid-19 infections are expected to peak between June and August and again next January and February, with those who have hitherto escaped the virus likely to contract it, according to a virologist at Chulalongkorn University. (Bangkok Post, 27/05/2023) More
Thailand detects FU.1 Covid sub-variant, 50% more transmissible than XBB.1.16 Thailand’s Centre for Medical Genomics has reported a single case of the Covid-19 sub-variant known as “FU.1” or XBB.1.16.1.1, which is said to be 50% more transmissible than XBB.1.16. The Omicron variant continues to mutate into new sub-variants, despite a decrease in global Covid cases. (Thaiger, 17/05/2023) More |
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German Standard Academy: MBA Green Economy and Digital Innovation In the MBA Green Economy and Digital Innovation, innovative brains from all over the world with an affinity for digital technology and innovation mindset meet to develop green business models (entrepreneurship) and innovation management strategies (intrapreneurship) in tight cooperation with companies. More
Hoermann Thailand: Propak Asia 2023 Hoermann Thailand is thrilled to make their mark at Propak Asia 2023 international trade event for Processing and Packaging Technology. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
RIS Swiss-Section Bangkok: Sponsorship for annual graduation ball (Maturaball) RIS Swiss-Section Bangkok will hold the annual graduation ball (Maturaball) on 10 June 2023. In the exclusive ambience of the “Carlton” in Bangkok, there will be a special night program for guests. The theme of this year's prom is Reaching for the Stars where guests can enjoy a wonderful evening under the Starry Night. Financing this event is an important part of the preparation work. Part of the money will be donated to the special needs school Sri Sangwan in Khon Kaen. More |
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automatica 27-30 June 2023, Munich, Germany
As the leading exhibition for smart automation and robotics, automatica features the world’s largest range of industrial and service robotics, assembly solutions, machine vision systems and components. More |
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digitalBAU 4-6 July 2023, Munich, Germany digitalBAU 2023 is the trade fair and conference for digital solutions in the construction industry. It addresses the digital transformation in the construction industry and encompasses the entire value and process chain of construction, from planning and construction to the operation and management of buildings, cities and landscapes. More |
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[Save the Date] EMO 2023 16-23 September 2023, Hannover, Germany
GTCC Business & Study Trip to Germany "Production technology of tomorrow" by visiting EMO 2023 and Exclusive Site Visits. [Save the Date] |
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[Save the Date] AGRI TECHNICA 11-19 November 2023, Hannover, Germany
GTCC Business & Study Trip to Germany AGRITECHNICA 2023 and Exclusive Site Visits. [Save the Date] |
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German Trade fairs take off powerfully Since January, more than 50 trade fairs have taken place in Germany, more than 60 are still planned until the end of March. Among them outstanding shows such as the travel fair ITB in Berlin, the world's leading trade fair for water, heat and air ISH in Frankfurt and the International Dental Show IDS in Cologne. The latter will celebrate 100 years of existence this March. More |
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ASEAN Snapshot 2023 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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Asien - Geschenke über die Grenze Anbei erhalten Sie einen Überblick über die Zollbestimmungen von Geschenken an Geschäftspartner in asiatischen Staaten. Informationen und Hinweise zu den kulturellen Besonderheiten sind ebenfalls abrufbar. Meh |
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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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