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1 June 2020
Upcoming GTCC Events
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[Save the date] GTCC Virtual CEO Forum "Best practices for restructuring/reopening of your business operations amidst Covid 19"

[Save the date] GTCC Webinar "Legal and practical aspects for remote working"

[Save the date] GTCC Virtual Stammtisch


[Save the date] GTCC Webinar “The future of aviation industry: Travelling safely in times of coronavirus - and beyond”
Bank of Thailand ready to curb recent baht strength
The Bank of Thailand said it’s concerned about a recent rapid appreciation in the currency and added it’s ready to take steps to curb a climb that could imperil an already fragile economy. (Bangkok Post, 01/06/2020) More

Hard road to recovery
Thailand's economy in 2020 will face its longest period of contraction since the Asian financial crisis of 1997-98. The economy shrank by 1.8% year-on-year in the first quarter, from growth of 1.5% a year earlier, as weak exports, public consumption and investment dragged on headline growth. (Bangkok Post, 01/06/2020) More

Registrations see further fall in April
New business registrations fell again in April, with the figures down 33% year-on-year from the same month last year after a 12% drop in March. (Bangkok Post, 28/05/2020) More

Govt to consider joining Asia-Pacific trade pact in a month
The cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry. (Bangkok Post, 26/05/2020) More

NESDC okays guideline for B400bn rehabilitation
The state planning unit, the National Economic and Social Development Council (NESDC), on Monday approved a guideline for the 400 billion baht slated for economic and social rehabilitation under the government's 1.9-trillion-baht relief measure to soften the economic blow from the deadly virus outbreak. (Bangkok Post, 26/05/2020) More

Pattaya City unveils plans for nine-kilometre monorail
The Pattaya City administration plans to build a monorail to ease traffic congestion and connect the city with the government's flagship Eastern Economic Corridor project. (Bangkok Post, 24/05/2020) More

Navy to finalise U-tapao deal
The navy will sign a contract next month with BBS Joint Venture to build the 290-billion-baht Eastern Airport City Project at U-tapao airport which is one of five megaprojects under the government's infrastructure development in the Eastern Economic Corridor (EEC). (Bangkok Post, 22/05/2020) More

BoI seeks to lure makers of medical equipment
As Asian supply chains reshuffle in the wake of the pandemic, the government is focusing its efforts to attract foreign investors in need of a new manufacturing base around the medical devices sector, a promising industry in light of the health crisis. (Bangkok Post, 22/05/2020) More
GTCC Virtual CEO Forum
Economic Factsheet
UPDATE Magazine
Mazars' Guide
Coronavirus treibt Digital Health voran
Das Gesundheitswesen investiert wegen der Covid-19-Epidemie verstärkt in E-Health. Digitale Technologien sind gefragt, allerdings fehlen der rechtliche Rahmen und die Koordination (13/05/2020) More
Companies & Industrial Sectors
FTI sounds alarm on auto industry
The Federation of Thai Industries (FTI) has issued a dire warning to the government, saying the state must provide substantial assistance to the automotive sector and related supply chains or the sector risks collapse. (Bangkok Post, 01/06/2020) More 

Thailand rises in Cloud Readiness Index
Thailand jumped one spot to ninth in the Cloud Readiness Index (CRI), according to the Asia Cloud Computing Association (ACCA). (Bangkok Post, 01/06/2020) More 

Ministry-led B5bn venture capital fund moves ahead
The Industry Ministry and two other government bodies will discuss a proposal to form a 5-billion-baht venture capital fund to support industries struggling as a result of the coronavirus pandemic. (Bangkok Post, 29/05/2020) More

Two-year path to prior growth seen
The economy could take at least two years to return to pre-coronavirus growth levels and this year's nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai. (Bangkok Post, 29/05/2020) More

BAFS turns attention to diversified services
Bangkok Aviation Fuel Services Plc is focusing its attention on diversified business projects after its core business of aviation refuelling took a devastating hit. (Bangkok Post, 30/05/2020) More

Central to take over FamilyMart
Central Retail Corporation Plc (CRC) has acquired 100% of the shares of FamilyMart, a major convenience store chain, to develop a new business model. (Bangkok Post, 28/05/2020) More

Rubber glove exports get pandemic boost
Global demand for protective gloves is soaring in light of the coronavirus pandemic, driving Thailand's rubber glove exports to surge 16% year-on-year in the first four months of 2020. (Bangkok Post, 27/05/2020) More

Depa helps Revenue upgrade
The Digital Economy Promotion Agency (Depa) is assisting the Revenue Department in developing big data analytics systems to analyse taxpayer behaviour to improve their services and upskill Revenue officials who deal with emerging tech, such as data science. (Bangkok Post, 26/05/2020) More

Brand new retail
The retail industry, one of the sectors hardest hit by the Covid-19 pandemic, is gradually reopening its brick-and-mortar operations as lockdown measures start to ease in many countries including Thailand. (Bangkok Post, 25/05/2020) More

Local SMEs set to make aircraft parts
The Royal Thai Air Force (RTAF) is helping SMEs expand into manufacturing aircraft parts for the maintenance and repair industry in a new venture. (Bangkok Post, 22/05/2020) More
Thailand & ASEAN
New challenges for Asean
This year marks the midpoint of the 10-year journey toward the realisation of the Asean Community Vision 2025. The journey began with the formal establishment of the Asean Economic Community (AEC) in 2015, and envisions deeper regional integration in terms of political and security dimensions over the next five years. (Bangkok Post, 01/06/2020) More

Bangchak to sell Nido subsidiary
Mostly state-owned energy firm Bangchak Corporation Plc plans to sell a subsidiary, Nido Petroleum Pty Ltd, which operates oil and gas drilling in the Philippines. (Bangkok Post, 30/05/2020) More
Bilateral Business
Striving for a greener future
Thailand works with Germany to achieve sustainable development.The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is training energy officers nationwide under a partial coronavirus lockdown to fight climate change. It is working in 120 countries to promote international cooperation in various fields for sustainable development. (Bangkok Post, 01/06/2020) More
Green Technology
‘Tesla of Thailand’ keeps factories running in virus lockdown
Thailand’s biggest electric-vehicle venture has stayed mostly in gear during the Covid-19 pandemic, with Energy Absolute Plc (EA) ontinuing construction on a lithium-ion battery plant and vehicle development. (Bangkok Post, 20/05/2020) More
Legal / HR / CSR / Education
70% of SET firms ready for PDPA
Some 70% of SET-listed companies are prepared for the Personal Data Protection Act (PDPA) related to capital market compliance, according to a survey conducted by the Securities and Exchange Commission (SEC). (Bangkok Post, 26/05/2020) More

Household debt risks boiling over
The country's household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB). (Bangkok Post, 23/05/2020) More
Survey finds shifts in spending habits
The spending habits and behaviours of Thai consumers are changing as new habits take shape across the globe. These findings come from a Visa survey of consumers from across 40 countries, including Thailand.  (Bangkok Post, 21/05/2020) More
Important update on COVID-19
Third phase of easing of lockdown starts on June 1
Thai government’s Centre for Covid-19 Situation Administration (CCSA) decided to implement the third phase of relaxation of lockdown measures. (The Nation, 29/05/2020) More 

Foreigners allowed to enter Thailand on case-by-case basis
Under phase 3 of the lockdown relaxation, foreigners with work permits or permission from the Labour Ministry or other government agencies will be allowed to enter the country after registration. (The Nation, 29/05/2020) 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>

For more updates, please follow us on Facebooktwitter, LinkedIn and website
Member News
Regulator awards licence for LNG to B.Grimm Power
The Energy Regulatory Commission (ERC) granted a licence to B.Grimm Power Plc to trade liquefied natural gas (LNG) in Thailand, the third of its kind awarded since the ERC opened LNG trade to the private sector. (Bangkok Post, 28/05/2020) More

Bumrungrad launches "60-Second Service," responding to the new normal trend
Patients are welcome to visit the conveniently located clinic for quick vaccinations or to pick up their prescription medications.More

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

GTCC members' promotions 
Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
New Members
Chamber Representatives
Yogesh Peter Kotak and Wolfgang Bonder

Chamber Representative
Tom Sorensen
Chamber Representative
Richard David Gadd
Exclusive offer:
20% discount on all products.
Use the coupon code “GTCC-2020” at online shop “https://supreme-beverages.com

For more information, please contact:
Trade Fairs
The leading trade fair for innovative energy supply
Date: 17-20 November 2020 More 
EuroTier 2020
The world's leading trade fair for animal production
Date: 17-20 November 2020 More 
German politics sends first signals for trade fair restart
The German federal states will decide in future, as of when exhibitions can be realised, if guidelines for hygiene and personal distance are fulfilled. Government and federal states agreed that simultaneously, exhibitions will no longer be regarded as mass events. More
AHK Network News
AHK-Online-Sprechtag 2020
nur noch ein Monat bis zum AHK-Online-Sprechtag am 25. Juni 2020! Bereits jetzt haben sich AHK-Vertreter aus rund 70 Ländern angemeldet. Mehr
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
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
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
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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