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12.05.2020
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23.06.2020 [Save the date] Thai-German Virtual Conference "Solar PV and Grid-Integration" |
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Covid-19 benefit boost sought The Labour Ministry will seek cabinet approval for a large hike in compensation payments to workers insured under the Social Security Act who have lost their jobs or were suspended from work due to the Covid-19 outbreak, according to Labour Minister MR Chatu Mongol Sonakul. (Bangkok Post, 07/05/2020) More STR: Domestic travel key for GDP Countries with a substantial domestic travel engine will be able to increase GDP figures and combat jobless rates better than those with more limited domestic demand reliant on inbound tourism, says STR, a hospitality market analyst. (Bangkok Post, 07/05/2020) More Shippers maintain full-year view of 8% export decline Despite the easing of lockdown measures and higher demand in several export categories, Thailand's shipments are still forecast to contract by 8% this year, says a key trade group. (Bangkok Post, 06/05/2020) More
Interest-free SME loans from KBank Kasikornbank (KBank) has launched a 1-billion-baht loan scheme, offering interest-free borrowing for the first year to small and medium-sized enterprises (SMEs) with up to 200 employees as a way to keep 41,000 workers on payroll during the pandemic. (Bangkok Post, 06/04/2020) More
Consumer prices fall 2.99% in April, biggest drop in 11 years Thailand's headline consumer price index (CPI) fell 2.99% in April from a year earlier, the largest decline in more than 10 years and sharply below expectations, commerce ministry data showed on Tuesday. (Bangkok Post, 05/05/2020) More |
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GTCC WEBINAR WITH CRM AND CLOUD CONSULTING |
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Die Pandemie trifft Thailand besonders hart Thailand hängt stark vom Tourismus und der Weltwirtschaft ab. Der Dienstleistungssektor, Konsum und Außenhandel schrumpfen. Es gibt jedoch Lichtblicke. (GTAI, 07/05/2020) More |
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MÖVENPICK BDMS WELLNESS RESORT BANGKOK |
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| Companies & Industrial Sectors |
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5G adoption outlook mixed Thailand is among the more mature telecoms markets in Southeast Asia, and one of the earlier adopters of 5G technology in the region. We expect a gradual trajectory of adoption over our 10-year forecast period, driven by both the consumer and enterprise segments. (Bangkok Post, 07/05/2020) More
Health new priority for the airlines Health measures will be a key concern for the aviation industry going forward, says chief executive of Star Alliance, Jeffrey Goh. (Bangkok Post, 07/05/2020) More
THAI on the verge of B54bn in loans The Public Debt Management Office (PDMO) is poised to secure 54 billion baht worth of bridge loans to boost liquidity for beleaguered Thai Airways International Plc (THAI) to enable the national carrier to undertake a business rehabilitation plan. (Bangkok Post, 07/05/2020) More
Non-alcoholic sales increase Despite the outbreak, Thailand's non-alcoholic beverage consumption in the first quarter this year grew by 1.3% in value terms, but contracted by 0.6% in volume, says market researcher Nielsen Company Thailand. (Bangkok Post, 07/05/2020) More
Drive to create new digital hub takes on urgency As the digital drive gains steam during the pandemic, Thailand must capitalise by turning into a global tech hub, says Digital Council of Thailand (DCT) president Suphachai Chearavanont. (Bangkok Post, 06/05/2020) More
TMB, Thanachart to reopen over 850 branches across country TMB and Thanachart banks will reopen 882 branches nationwide from tomorrow (May 5) after the government eased its lockdown measures. (The Nation, 04/05/2020) More |
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Cross-border movement down 7.6% Thailand's cross-border trade fell by 7.6% year-on-year in the first quarter as the coronavirus hit the global economy and led bordering countries to close dozens of checkpoints. (Bangkok Post, 06/05/2020) More
COVID-19: Who supplies protective equipment in ASEAN? One initiative resulting from the April 14 Special ASEAN Summit video conference was the proposed establishment of the COVID-19 ASEAN Response Fund, which was widely supported by ASEAN leaders. ASEAN countries can use the fund to buy medical supplies during disease outbreaks in the future. But do we know who supplies personal protective equipment (PPE) in ASEAN? (The Jakarta Post, 04/05/2020) More |
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EU mobilises €350 million to assist the ASEAN region in fight against the coronavirus As part of its plan to support partner countries around the globe, the European Union (EU) is mobilising €350 million to fight against the spread of the coronavirus and mitigate the impact of the pandemic on the ASEAN region. The EU will support actions at country and regional level to address the immediate health crisis, strengthen health systems, as well as alleviate the economic and social consequences. (European Union, 27/04/2020) More |
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Thai power company acquires Yunlin stake Electricity Generating Public Company (EGCO) Group in Thailand has completed the purchase of a 25% stake in the 640MW Yunlin offshore wind project off the coast of Taiwan. (Renew.biz, 20/04/2020) More |
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| Legal / HR / CSR / Education |
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Manage the downturn, prepare for the aftermath Covid-19 is an unprecedented crisis that is bound to have lasting implications on many aspects of our lives. Fundamentally, it has pressured individuals, corporations and government institutions to reconsider their baseline assumptions and governance principles. (Bangkok Post, 07/05/2020) More Back to basics: surviving change and achieving success The reality of our world is this: Crisis, change and all things disruptive will never stop coming toward us, today or in the future. Whether you’re a business leader driving the success of your organisation or an individual driving your aspirations and career growth, we all care about the same things — surviving change, overcoming challenges and reaching new heights of success. (Bangkok Post, 05/05/2020) More
Pandemic work methods to linger on In the post-pandemic world, remote work is likely to become normalised as businesses and employees familiarise themselves with working from home, gaining more confidence that the approach will not compromise workers' productivity. (Bangkok Post, 05/05/2020) More |
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| Important update on COVID-19 |
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Some venues allowed to re-open Thai government allows re-opening of some business venues, starting from 3 May 2020. The venues set for reopening include markets, restaurants and street food vendors outside shopping malls, supermarkets, grocery stores, sport complexes, public parks, beauty salons, and pet shops. All of the places must strictly adhere to social distancing and hygiene measures. (Khaosod English, 30/04/2020) More
Emergency decree extended Emergency decree and the night curfew from 10pm-4am has been extended to 31 May 2020. (Bangkok Post, 27/04/2020) More
Inbound flight ban extended The Civil Aviation Authority of Thailand (CAAT) announced the extension of its inbound flight ban. All commercial flights into Thailand have been banned until 31 May 2020. (CAAT, 27/04/2020) More
Hotline and email to reach German Embassy Bangkok German Embassy Bangkok is not open for public visits. It can be reached via Hotline @ 02-287-9123 (Monday to Friday 9.00 am – 8.00 pm, Saturday to Sunday 10.00 am – 4.00 pm) & email <info@bangk.diplo.de>
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GTCC members’ social contributions during the COVID-19 pandemic German-Thai business community takes part in fighting against the impact of the COVID-19. GTCC members support Thai people, healthcare professionals and Thai government with dedication and passion. More Thought leadership series: COVID-19 impact on cash flow and business valuation The COVID-19 outbreak is posing challenges to businesses due to uncertainty regarding the duration and extent of the pandemic. Thus, long-term effects remain unknown. However, the pandemic is likely to have an impact on cash flow, M&A transactions, and business valuation. This publication will provide insights on several factors that can mitigate these effects and risks, and on preparing one’s organization for further development. More
Professional COVID-19 Disinfection Service 10% Discount for GTCC Members. With highly skilled professionals and extensive experience of industrial cleaning, INSEE Ecocycle is ready to provide an effective service which offers peace of mind for COVID-19 infection control and sanitising. More
Euro-Thai Marketplace Euro-Thai Marketplace is an initiative by a group of Thai and European business people to support the community with a B2B/B2C platform for companies to advertise their products and services. This initiative is coming from an individual interest as active members of great business community that they all have enjoyed being part of. More |
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Exclusive offer: On Top Promotion for WorryFree SIM for business - Free unlimited data for 6 months to use on Office 365, Zoom, and Line text |
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Validity period: Now - 31 May 2020
For more information: Call: 082 696 9644 For e-mail, please provide following information: Name and Surname, Title, Company, Email, Phone Number |
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EnergyDecentral The leading trade fair for innovative energy supply Date: 17-20 November 2020 More |
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EuroTier 2020 The world's leading trade fair for animal production Date: 17-20 November 2020 More |
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German economy needs exhibitions for restart The German trade fair industry approves of the agreement of federal government and states, that was made in order to revive public life and to show economy a perspective for a restart. More |
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DIHK Webinar: "Covid-19: Latest economic developments in Germany" 14 May 2020 Get a first-hand insight from Dr. Volker Treier and Dr. Ilja Nothnagel, two members of the Executive Board of the Association of German Chambers of Commerce and Industry (DIHK), who are constantly in consultation with the German government on measures which help German companies to stay strong throughout the crisis. More |
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AHK World Business Outlook Spring 2020 Results of the survey by the Network of German Chambers of Commerce Abroad (AHKs) show that the global economy and thus the business of German companies abroad are in a substantial crisis. Two thirds of the more than 4,000 companies surveyed by the AHKs worldwide expect the economy to deteriorate in the respective countries. More |
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ASEAN Snapshot 2020 The third edition of the ASEAN Snapshot presents a selection of key economic indicators on ASEAN and information of German-ASEAN business relations. ASEAN Snapshot aims to provide audiences with an overview of the business developments of ASEAN, ranging from demographic, economics, trade and investment as well as the business relations of selected 7 ASEAN-nations with Germany. More |
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Chadaphan Maliphan
Publication and Communication Manager |
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