Register now for our upcoming events 12/12/2024
13/12/2024
17/01/2025 [Save the Date] Multi-Chamber Eastern Seaboard Networking by SATCC
22/01/2025 [Save the Date] STCC Multi-Chamber Networking Night
28/01/2025 [Save the Date] GTCC New Members Meet-up 1/2025
30/01/2025 [Save the Date] GTCC AFTERWORK Briefing & Networking 1/2025
18/02/2025 [Save the Date] GTCC Business Luncheon: Thailand Economic Outlook 2025
25/03/2025 [Save the Date] OGM 2025
For more events, please click HERE |
|
Thai businesses call for huge stimulus The business sector is calling for multiple government stimulus measures, especially tax incentives and a household debt reduction scheme, to revive the economy and give the public a New Year's gift.(Bangkok Post, 09/12/2024) More
Loan growth projected to contract this year Bank loan growth is expected to contract this year, although it picked up slightly in the fourth quarter, with banks continuing their credit tightening in 2025-26 amid subdued GDP growth, say analysts.(Bangkok Post, 06/12/2024) More
Headline inflation this year forecast between 0.2-0.8% The Commerce Ministry predicts headline inflation for 2024 will be between 0.2% and 0.8%, with a midpoint of 0.5%.Headline inflation next year is forecast to be 0.3-1.3%, attributed to an improving economy and rising diesel prices.(Bangkok Post, 05/12/2024) More
Declining competitiveness, loan growth dent GDP outlook The deteriorating competitiveness of Thai automotive companies coupled with contracting loan growth and uncertainty regarding US president-elect Donald Trump's trade policies pose threats to the Thai economy next year, say economists who downgraded the nation's GDP growth outlook. (Bangkok Post, 04/12/2024) More
Cabinet extends VAT on low-cost imports until end of 2025 The Cabinet on Tuesday decided to extend the period of charging value-added tax (VAT) on imported goods costing less than 1,500 baht by another year. (The Nation, 03/12/2024) More
Tourism and private consumption boost Thailand’s economy: BOT The Thai economy has demonstrated positive momentum over the past month, propelled by a significant surge in tourism revenue and robust private consumption, partly fuelled by the government's 10,000-baht cash handout scheme, according to the Bank of Thailand (BOT). (The Nation, 30/11/2024) More
|
|
Wirtschaftsdaten kompakt - Thailand GTAI präsentiert Ihnen wieder die Reihe "Wirtschaftsdaten kompakt". Die Publikation gibt Auskunft über allgemeine Kennzahlen eines Landes wie die Fläche oder das Bevölkerungswachstum. Sie erhalten auch einen Überblick über die wichtigsten Kennzahlen zu Wirtschaftslage, Außenhandel und Geschäftsumfeld. Die Klimaindikatoren informieren über Emissionen und erneuerbare Energien. Zudem finden sich Statistiken zu den wirtschaftlichen Beziehungen des Landes mit der EU und Deutschland.(GTAI, 05/12/2024) Mehr
|
|
| Companies & Industrial Sectors |
|
|
|
Office rental rates in Silom-Sathorn-Rama IV area up in Q3 Knight Frank Thailand's analysis for the third quarter of 2024 reveals that office rental rates in the Silom-Sathorn-Rama IV area experienced the highest growth within Bangkok’s central business district (CBD), rising by 7.5% quarter on quarter. (The Nation, 08/12/2024) More
Ministers pledge to make Thailand an AI learning hub Thailand is committed to advancing global trust in artificial intelligence (AI) governance and positioning the nation as a learning hub for AI governance through collaboration with Unesco, says Prasert Jantararuangthong, digital economy and society (DES) minister.(Bangkok Post, 05/12/2024) More
Tourism Authority expects 1.56 million foreign arrivals for New Year Thailand is expected to generate 62 billion baht in tourism revenue from Thai and foreign travellers during the New Year festival, up 23% year-on-year, the Tourism Authority of Thailand (TAT) said. (The Nation, 05/12/2024) More
Thai manufacturers brace for impact of Trump tariffs More trade barriers and hindrances to campaigns against carbon dioxide emissions are major concerns among Thai manufacturers who need to adapt to changes expected from the Donald Trump administration, according to the latest survey by the Federation of Thai Industries (FTI). (Bangkok Post, 04/12/2024) More
Eastern Aviation City project, U-Tapao airport still on track Bangkok Airways has confirmed its commitment to U-Tapao International Airport and Eastern Aviation City Development project and is confident that construction will commence in mid-2025. The first phase is expected to be completed by 2029. (The Nation, 03/12/2024) More
Nvidia tie-up marks Thai cloud milestone Thailand is on course to attract more artificial intelligence (AI) investments in manufacturing supply chains after it became the third country in Southeast Asia to form a partnership with Nvidia through Siam.AI Cloud - the country's first Thai-owned Nvidia Cloud Partner (NCP). (Bangkok Post, 03/12/2024) More
Japanese electronic component maker to invest 62bn more in Thailand Murata Electronics (Thailand) Co Ltd will invest 62 billion baht more to build a new advanced capacitor factory in Thailand, the Industrial Estate Authority of Thailand said. (The Nation, 01/12/2024) More
|
|
Indonesia, Thailand bolster bilateral relations under new leadership Indonesia and Thailand are strengthening bilateral ties under the new leadership of the Indonesian president and Thai prime minister. (Antara, 05/12/2024) More
Ho Chi Minh City promises to be bridge between Vietnam, Thailand HCM City will be an active bridge to foster friendship and close cooperation between Vietnam and Thailand, a city leader has pledged. (The Nation, 05/12/2024) More
Thai cross-border trade jumps 6.18%, boosted by fruit to China Commerce Ministry announces trade worth 1.514 trillion baht in first 10 months of 2024, sets target of 2 trillion baht per year by 2030. (The Nation, 02/12/2024) More
Thailand, Singapore Pledge Deeper Economic and Green Tech Cooperation Thailand and Singapore leaders pledged stronger ties and focused on green investment and food security during their bilateral meeting on November 28. (Khaosod, 28/11/2024) More
|
|
Solar D banks on robotic panel installer Thailand's first robotic solar installer is expected to increase domestic demand for rooftop solar panels and promises a significant increase in revenue for developer Solar D Corporation, a solar power solution provider and the distributor of the Tesla Powerwall energy storage system. (Bangkok Post, 06/12/2024) More
EV makers mull forgoing subsidies Many electric vehicle manufacturers are considering forgoing subsidies under the state's EV incentive scheme as the automotive industry remains sluggish, causing them to adjust production plans, says the Electric Vehicle Association of Thailand (EVAT). (Bangkok Post, 05/12/2024) More
New taxes for EVs The national committee in charge of promoting the electric-vehicle (EV) industry has approved a new car tax structure to support the production of hybrid vehicles as part of a plan to convert internal combustion engines to electric power. (Bangkok Post, 05/12/2024) More
Thailand extends EV production deadlines The Thai government will extend the deadline for electric vehicle (EV) makers to meet local production targets, the Board of Investment said. Currently, the EV 3.0 incentive programme requires companies to produce one EV locally for each vehicle that they imported earlier.(Bangkok Post, 04/12/2024) More
Thailand’s BCPG to acquire wind power developer for $130 M BCPG Public Company Limited, a Thailand-based renewable energy company, will spend THB4,508 million ($129.6 million) to acquire EPVN W2 (HK) Co., Ltd., another Thai firm that’s involved in two wind power plants in Vietnam with a combined capacity of 99 MW. (The Investor, 27/11/2024) More
|
|
Latest trade talks with EU gain ground The fourth round of negotiations for the Thailand-European Union free trade agreement (FTA) finished with conclusions on the good regulatory practices and transparency chapters. (Bangkok Post, 04/12/2024) More
|
|
| Legal / HR / CSR / Education / Health |
|
|
|
PM dumps 15% VAT plan Prime Minister Paetongtarn Shinawatra has scrapped a plan to hike value-added tax (VAT) following public backlash after her finance minister floated the controversial idea. "No VAT adjustment to 15%," Ms Paetongtarn posted on X, formerly Twitter. (Bangkok Post, 06/12/2024) More
Call for less investment in power plants Energy advocates are asking the government to downgrade its forecast for electricity demand in the 2024 power development plan (PDP) and promote free electricity trade to reduce power bills, which impose a huge financial burden on households and businesses. (Bangkok Post, 05/12/2024) More
|
|
Haefele Thailand celebrates 30 years of innovation Haefele Thailand proudly celebrates three decades of excellence in Thailand. The company unveils an ambitious strategy to penetrate the premium and luxury market by introducing innovative products and exceptional services tailored to modern lifestyles and has set a bold sales target of 10 billion Baht by 2030. More
Le Méridien Bangkok achieves prestigious Diamond Safety Awards Le Méridien Bangkok has been awarded the prestigious Diamond tier at the BSA Building Safety Awards 2024, distinguishing itself as the only five-star hotel to receive this highest level of recognition from The Building Inspectors Association. More
Sindhorn Kempinski Hotel Bangkok supported The Foundation of Blinds in Thailand under the Royal Patronage of H.M. the Queen Sindhorn Kempinski Hotel Bangkok recently donated the fund THB 100,000 to the Foundation for the Blind in Thailand under the Royal Patronage of H.M. the Queen to support the blind in their daily lives, and also host the afternoon break for blind children. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
|
Chamber Representatives Harsh Dash Wanida Kajina
Chamber Representatives Andreas Mueller Asira Mokkhaphan
Chamber Representative Mongkon Chaiyongsin
Chamber Representatives Jon Warmington Yuvarat Traisuthamporn |
|
Chamber Representative Jan Mach
Chamber Representatives Carlos Giovanny Lopez Forey Frederik Henning Von Daacke
Chamber Representative Thanaporn Korad
Mr. Simon Kolodziej |
|
|
Messe-Insights The AUMA exhibitor outlook for 2024/2025, based on a comprehensive survey of 400 exhibiting companies, provides valuable insights into the industry's trajectory. Conducted by Bonsai Research, the study reflects the perspectives of top-level marketing/trade fair executives, offering a unique and thorough analysis of the German-speaking trade fair landscape. (Report only available in German, HERE) |
|
|
Scam emails alert It has come to our attention that some of our members have received emails with the message "If you're interested to get the Distribution/Member List" mentioning GTCC in the email's subject/content.
Please DO NOT respond or click any links/attachments as the emails are not from our chamber. |
|
AHK World Business Outlook - Fall 2024 The AHK World Business Outlook is based on a regular DIHK survey of the member companies of the German Chambers of Commerce Abroad, delegations and representative offices (AHKs). The survey was conducted from 23 September to 16 October 2024. Results of the survey can be downloaded HERE. |
|
|
ASEAN Snapshot 2024 The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, has recently launched the latest edition of the ASEAN Snapshot with a focus on the German-ASEAN business relations. The snapshot contains a variety of up-to-date charts and infographics about ASEAN economic developments, ranging from demographic, economics, trade and investment information. More |
|
|
AHK World Business Outlook 2023 (ASEAN Focus) The 2023 survey has been complemented by the German Chambers of Commerce Abroad (AHKs) in the ASEAN region between 20 March and 16 April 2023, in order to derive more insights from the regional business climate. AHK offices are present in seven of the 10 ASEAN member states: Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, also coordinating activities in Myanmar, Cambodia and Laos. More |
|
|
Position Paper: Why German Businesses support an EU-ASEAN FTA This comprehensive position paper underscore the significance of the proposed FTA. The agreement would incentive investments and facilitate the diversification of supply chains and customer bases. As a result, business in the EU and ASEAN can mitigate their reliance on a single market, thus fostering greater resilience and stability. The survey was conducted by the Singaporean-German Chamber of Industry and Commerce in June 2023 and gathered data from 169 member companies of German Chambers located in ASEAN. More |
|
|
Survey report on "Expectations and Challenges of an EU-Thailand FTA" The European Association for Business and Commerce (EABC) has released a survey report titled "Expectations and Challenges of an EU-Thailand Free Trade Agreement (FTA): Perspectives from European Business in Thailand." More |
|
|
Opinion hearing session for the Srinakarin-Suvanabhumi airport expressway project 16 December 2024 Carton Grand Ballroom The Expressway Authority of Thailand (EXAT) is conducting an opinion hearing session for the feasibility study of engineering, economy, finance, and environment impacts of Srinakarin-Suvanabhumi airport expressway project. More |
|
|
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. |
|
|
