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15 June 2020
Upcoming GTCC Events
Commerce Ministry seeks B6bn to bolster recovery
The Commerce Ministry is seeking more than 6 billion baht to fund various projects aimed primarily at helping farmers increase sales by improving their product distribution channels. (Bangkok Post, 15/05/2020) More

NESDC partners to set up sustainable future cities
The National Economic and Social Development Council (NESDC) is set to team up with local communities, civil society and the private sector to develop Lampang and Kanchanaburi municipalities as sustainable future cities (SFCs) between 2020 and 2021. (Bangkok Post, 15/05/2020) More

Special panel to study worth of CPTPP deal
The House of Representatives has unanimously agreed to form a special committee of 49 members to study the costs and benefits of the controversial Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). (Bangkok Post, 12/06/2020) More

Foreign investors eager to return
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is encouraging the government to allow foreign investors to enter Thailand as part of efforts to cope with the sluggish economy. (Bangkok Post, 11/06/2020) More 

Soft loans for land transport
The Finance Ministry is mulling an additional soft loan programme for land transport operators to keep the logistics workforce at 6 million. (Bangkok Post, 11/06/2020) More

World economy to contract at least 6% in 2020: OECD
The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, according to OECD. (Bangkok Post, 10/06/2020) More

Over 28,000 projects eye NESDC aid
Some 28,425 projects worth up to 593 billion baht have applied for a 400-billion-baht budget set for economic and social rehabilitation, according to the National Economic and Social Development Council (NESDC). (Bangkok Post, 09/06/2020) More

Bangkok rail hub nears completion
After several decades of dormancy, Thailand's rail transport sector is entering a renaissance. (Bangkok Post, 06/06/2020) More 

EIC forecasts U-shaped recovery
The Thai economy is likely set for a U-shaped recovery and a return to pre-pandemic growth levels in two years, according to the Siam Commercial Bank's Economic Intelligence Center (EIC). (Bangkok Post, 08/06/2020) More  

K-Research glum on recovery outlook
The country's main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research). (Bangkok Post, 03/06/2020) More
Economic Factsheet
UPDATE Magazine
Mazars' Guide
Thailand erhofft rasche Erholung von Handel und Tourismus
Die Pandemie trifft das international vernetzte Schwellenland heftig. Tourismus, Außenhandel, Konsum und Investitionen brechen ein und dürften sich nur langsam erholen. (GTAI, 08/06/2020) More

Thailand strebt Wachstum durch Modernisierung an
Thailand hat sich stark industrialisiert und in Lieferketten integriert. Die Dynamik lässt aber nach. Die Regierung erkennt die Schwächen und fördert moderne Technologien. (GTAI, 22/05/2020) More
Companies & Industrial Sectors
Malls adjust to lowered expectations
The 3.6-trillion-baht retail industry remains far from a full recovery, and nearly all business operators in the sector are struggling to regain business. (Bangkok Post, 15/06/2020) More

Domestic tourism perks take shape
The government will offer a 3,000-baht subsidy on 5 million hotel rooms and a 40% discount on airline tickets to Thai tourists next month under a 20-billion-baht scheme to revitalise the tourism industry. (Bangkok Post, 13/06/2020) More
Cabinet approves subsidy rates for sugar cane farmers
The cabinet approves the rates of financial assistance to be paid to about 300,000 sugar cane growers nationwide. (Bangkok Post, 10/06/2020) More

Taxing internet firms gets first green light
The cabinet approves bill requiring foreign digital service providers to pay 7% VAT, aiming to earn B3bn a year from big foreign tech firms. (Bangkok Post, 10/06/2020) More 

FTI modernising farmers with B10bn
The Federation of Thai Industries (FTI) plans to help farmers survive the likely recession caused by the pandemic. (Bangkok Post, 05/06/2020) More

Mice migrate to virtual world
Covid-19 has forced the global meeting, incentive, convention and exhibitions (Mice) industry to consider some new approaches. (Bangkok Post, 05/06/2020) More 

Line Thailand meets Q1 growth target
Line Thailand says chat commerce through Line Official Accounts (OAs) and the MyShop tool drove business to reach the company's growth target in the first quarter despite shrinking advertising during the economic slowdown. (Bangkok Post, 03/06/2020) More 

90% cut on land, building taxes
The cabinet cuts land tax by 90% of amount due for 2020 tax year. Corporate farmland owners, people with more than one house, owners of vacant land or commercial/industrial properties stand to gain. (Bangkok Post, 02/06/2020) More
Thailand & ASEAN
Obscure outlook for SE Asian tourism revival
If Southeast Asian nations aspire to avoid prolonged pandemic-driven recessions, many will need to open their closed borders and welcome back the foreign tourists that buoyed their economies before Covid-19. (Asia Times, 10 June 2020) More 
Bilateral Business
Energy for All scheme to open at end of the month
Community-owned power projects from renewable sources, known as Energy for All, will open for interested parties for co-investment by the end of this month after a months-long delay. (Bangkok Post, 08/06/2020) More
Green Technology
TPCH preps for renewable plant licenses
TPC Power Holding (TPCH), a business arm of engineering and construction service provider Thai Poly Cons (TPC), is planning to bid for more licenses to run environmentally friendly power plants during the next three years. (Bangkok Post, 12/06/2020) More

Covestro takes recycling tack
Covestro plans to diversify its business into recycling, moving away from fossil fuels and towards alternative raw materials and renewable energy in an effort to promote the circular economy. (Bangkok Post, 10/06/2020)More
Legal / HR / CSR / Education
True unveils new digital platform VLEARN
True Corporation has launched a new digital education platform, VLEARN, to promote online education from home as a new model. (Bangkok Post, 12/06/2020) More

Consumer mood improves for first time in over a year
Consumer confidence in May picked up for the first time in over a year, helped by government stimulus steps and the easing of coronavirus lockdown measures. (Bangkok Post, 04/06/2020) More
Important update on COVID-19
Restrictions will limit foreign tourists
Travel-bubble tourism will include limits on destinations and visitor numbers, inbound flights and where they come from. (Bangkok Post, 15/06/2020) More

Night curfew to be lifted from June 15 but international travel to be controlled
The Centre for Covid-19 Situation Administration (CCSA) approved ending the night curfew from June 15.  (The Nation, 12/06/2020) More

Schools to reopen, restaurants can serve alcohol from June 15
The government has revealed which businesses and activities can reopen when the fourth phase of relaxed lockdown restrictions begins on June 15. (The Nation, 12/06/2020) More

Phuket airport reopening 
Phuket airport will reopen for domestic flights on 13 June 2020 as no new coronavirus infections have been reported on the resort island for 19 consecutive days. (Bangkok Post, 12/06/2020) 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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Member News
Allianz turns to health for growth driver
Allianz Ayudhya Assurance plans to maintain business growth by focusing on health insurance premiums, a key driver for life insurance expansion, aiming to have 50% of total premiums allocated to the health insurance business. (Bangkok Post, 10/06/2020) More

BayWa r.e. commissions its first Japanese solar farm
BayWa r.e.announced the completion of our first solar farm in Japan. With the commercial completion of the Kuwabarajo Mega Solar No.4 solar park and two other solar farms to follow soon. More

Operation Smile Thailand donated medical supplies and PPE suits
Operation Smile Thailand donated medical supplies and PPE suits to Ministry of Public Health of Thailand in order to support Thai healthcare providers to combat against COVID-19. More

SPACE-F has opened applications for their second batch
SPACE-F, a food tech accelerator and incubator program founded by Thai Union PCL, the Thai National Innovation Agency and Mahidol University, is looking for the most innovative solutions in food that are ready to take their startup to the next level. More

Anantara Siam Bangkok Hotel awarded “The Amazing Thailand Safety and Health Administration: SHA” Certification
Anantara Siam Bangkok Hotel received the “Amazing Thailand Safety and Health Administration: SHA” certification under Hotel, Accommodation and Meeting Place category, awarded by the Minister of Tourism and Sports. 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
Exclusive offer:
10% discount for food and beverage at ThreeSixty Rooftop Bar.
Present your GTCC membership card or mention a promo code: GTCCFB10 to receive the privilege.

Validity period:  
Now - 30 June 2020
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
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