Register now for our upcoming events
22/08/2024
22/08/2024
23/08/2024
24/08/2024
27/08/2024 [Invitation only] GTCC New Members Meet-up 4/2024 @ The Great Room, Gaysorn Tower
04/09/2024
05/09/2024
12/09/2024
20/09/2024 [Save the Date: 17:00-21:00 hrs.] GTCC Multi-Chamber Eastern Seaboard Briefing with Forvis Mazars and Networking @Siam@Siam Design Hotel Pattaya
For more events, please click HERE |
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FORVIS MAZARS IN THAILAND |
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Institute predicts 8.8% jump in food exports to B1.6tn The value of Thailand's food exports is expected to increase by 8.8% year-on-year to 1.6 trillion baht this year, driven by growing global demand and a decrease in the prices of raw materials, says the National Food Institute (NFI). (Bangkok Post, 16/08/2024) More
Thai-Chinese high-speed railway 36% behind schedule The first phase of the Thai-Chinese high-speed railway running from Bangkok to Nakhon Ratchasima province is currently 71.36% complete, but around 36.39% behind its scheduled opening in 2028, the State Railway of Thailand (SRT) reported on Thursday. (The Nation, 16/08/2024) More
Handout could trigger fiscal crisis The government is being advised to revise the way it hands out money to people to avoid incurring a substantial public debt, which can affect the government's budget, potentially triggering a fiscal crisis. (Bangkok Post, 14/08/2024) More
Bank of Thailand rate cuts expected as US economy slows this year The US economy is expected to enter a cyclical slowdown from late 2024 through to 2025, leading the Bank of Thailand to cut its policy rate by as much as 1.5 percentage points next year alone, says KGI Securities (Thailand). (Bangkok Post, 13/08/2024) More
Border and transit trade rise 3.6% in first half to B912bn Border and transit trade in the first half of this year tallied 912 billion baht, up 3.6%, according to the Foreign Trade Department. (Bangkok Post, 12/08/2024) More Analysts expect steady policy rate at 2.5% The Bank of Thailand is expected to hold the policy rate steady at 2.5% at its meeting later this month, with inflation rising slowly back to the target range, say economists who are urging government stimulus measures to drive the slowing economy in addition to the digital wallet scheme. (Bangkok Post, 09/08/2024) More Thailand casts a wary eye on world The Thai government is closely monitoring US economic prospects and the potential for a global recession, while also stepping up its plans to mitigate the impact on exports. (Bangkok Post, 07/08/2024) More Inflation up in July, above forecast Thailand's headline consumer price index (CPI) rose 0.83% in July from a year earlier, after the previous month's annual increase of 0.62%. (Bangkok Post, 07/08/2024) More SME factory closure jump spurs calls for state investment Business leaders say 667 smaller-scale production facilities closed in first half, up 83% from a year ago. (Bangkok Post, 07/08/2024) More
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Wachstum in der ASEAN zieht an Für deutsche Firmen, die diversifizieren wollen, werden die Länder Südostasiens immer wichtiger. Die Region zählt zu den dynamischsten der Welt. (GTAI, 12/07/2024) More Ausrüstung, Wasserkraftwerk Ausschreibungsmeldung Thailand Wasserkraft (GTAI, 18/07/2024) More
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Top developers to launch projects worth B93bn in H2 The top three residential developers -- AP Thailand, Sansiri and Supalai -- are maintaining their plans to launch 73 projects worth a combined 93 billion baht in Greater Bangkok and the provinces during the second half of this year, following a strong performance in the second quarter. (Bangkok Post, 16/08/2024) More
Mercedes-Benz teams up with TikTok owner ByteDance on AI technology for in-car systems Mercedes-Benz has struck a partnership with the cloud unit of ByteDance, which owns popular short video apps TikTok and Douyin, for "cooperation and exploration" of large language models (LLMs), generative artificial intelligence (GenAI) and big data. (Bangkok Post, 15/08/2024) More
Thailand hits 21 million arrivals in 2024, earning 1 trillion baht Thailand has welcomed more than 21 million foreign tourists, so far, this year and has generated some 1 trillion baht in revenue, the tourism minister said. (The Nation, 14/08/2024) More DLT to investigate Chinese transport sector 'dominance' The Department of Land Transport (DLT) played down media reports of Chinese companies increasingly dominating the domestic transport sector through takeovers of struggling Thai transport businesses, saying licences granted to one business could not be transferred to another even in a takeover. (Bangkok Post, 14/08/2024) More Auto sector drives industrial land sales Land transactions in industrial estates during the first half of 2024 exceeded the annual target set by the Industrial Estate Authority of Thailand (IEAT), driven by strong demand in the automotive sector, particularly from Chinese investors. (Bangkok Post, 13/08/2024) More Vimut banking on novel services Innovations in medical services are expected to help increase the number of patients for private hospital operator Vimut Holding Hospital Co (Bangkok Post, 07/08/2024) More
Thailand’s SCBX reaffirms partnership with Kakao Bank Thailand’s largest financial group SCBX has reaffirmed its commitment to the digital banking partnership with Kakao Bank despite growing legal risks surrounding Kakao Corp., the controlling shareholder of the Korean internet-only bank. (The Nation, 07/08/2024) More
Cabinet okays B433m budget for tourism The cabinet has approved a budget of 433 million baht for the Ministry of Tourism and Sports to promote tourism during the low season through online promotions and events. (Bangkok Post, 06/08/2024) More
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GTCC AFTERWORK BRIEFING WITH LUTHER AND NETWORKING |
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GTCC BUSINESS & STUDY TRIP TO GERMANY: 9-17 NOVEMBER 2024 |
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Cross-border trade sees positive trend
The value of Thailand's cross-border and transit trade in the first six months of the year stood at over 912 billion baht, an increase of 3.6% on the same period last year, which the government attributed to the increased promotion of cross-border trade over the past several months. (Bangkok Post, 12/08/2024) More
Tesla cancels factory plans in ASEAN Tesla is currently only discussing charging stations, with factory plans suspended in Thailand and worldwide. (The Nation, 12/08/2024) More
Foreign investors set to increasingly focus on Asean, Thailand CIMB Thai (CIMBT) anticipates increased opportunities for foreign direct investment (FDI) in Thailand due to the global trend of relocating manufacturing bases amid heightened US-China trade tensions. (Bangkok Post, 06/08/2024) More
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Two toxic waste ships banned from Thailand Two Maersk ships reportedly carrying hazardous furnace waste from Albania to Thailand have been banned from Thai ports. (Bangkok Post, 14/08/2024) More
MG leads investment push for hybrid EVs The hybrid electric vehicle (HEV) market in Thailand is expected to intensify as automakers announce investment plans, with Chinese-Thai joint venture SAIC Motor-CP and MG Sales (Thailand) unveiling plans to produce HEVs under the MG brand in Chon Buri by 2025. (Bangkok Post, 13/08/2024) More
Australia promotes green tech, Israel showcases AI Australia seeks to promote the development of sustainable technology in Southeast Asia, said Angela Macdonald, the Australian ambassador to Thailand. (Bangkok Post, 08/08/2024) More
Hyundai to invest $28m in Thailand for EV assembly, batteries South Korean auto maker Hyundai Motor Company will invest 1 billion baht (US$28 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand. (Bangkok Post, 07/08/2024) More
Green procurement collaboration stressed Multi-sector collaboration is essential to successfully carry out green public procurement (GPP) in Thailand, experts on sustainability told forum on Tuesday. (Bangkok Post, 06/08/2024) More
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Thai govt prepares new incentive package to woo investors to EEC The government is preparing a new set of privileges, including exempting corporate tax for 15 years, to draw more investors in targeted industries to the Eastern Economic Corridor (EEC). (The Nation, 14/08/2024) More
Incentives for auto parts joint ventures approved Thailand has approved incentives for joint ventures (JV) between Thai and foreign companies to manufacture automotive parts for vehicles using all types of propulsion systems, its Board of Investment (BOI) said. (Bangkok Post, 08/08/2024) More Board to lure investment to SEC The Board of Investment (BoI) aims to attract more investment to the Southern Economic Corridor (SEC), which can be further developed to support the state's Land Bridge megaproject. (Bangkok Post, 06/08/2024) More
Hotels to seek damages from FTI collapse With hotels reporting over 111 million baht in losses from the collapse of the German tour company FTI Group, operators will seek assistance from the German Embassy in Thailand via coordination with the Tourism and Sports Ministry. (Bangkok Post, 06/08/2024) More
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| Legal / HR / CSR / Education / Health |
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Loan growth slows amid credit crunch Kasikorn Research Center (K-Research) has slashed its total loan growth projection for the banking industry in 2024 to 1.5% from an earlier forecast of 2.5-3.5%. (Bangkok Post, 14/08/2024) More New credit guarantee agency to help small businesses The cabinet has approved in principle the establishment of the National Credit Guarantee Agency (NaCGA), a new facility that will provide financial risk guarantees for smaller businesses seeking loans, Deputy Finance Minister Paopoom Rojanasakul said. (Bangkok Post, 13/08/2024) More Online scam victims to get more help The government will introduce a special law to protect victims of technology crimes and help them recover losses more quickly, Digital Economy and Society (DES) Minister Prasert Jantararuangtong said on Monday. (Bangkok Post, 13/08/2024) More
Court bans largest Thai political party over pledge to change lese-majesty law Thailand’s constitutional court has ordered the dissolution of the country’s most popular party, and banned its leaders from politics for 10 years, over its election /promise to reform the country’s strict lese-majesty law. (The Guardian, 07/08/2024) More
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Thai Union Group's Q2 profits rise 14.2% Thai Union Group Plc posted a net profit of 1.2 billon baht in the second quarter this year, rising 14.2% year-on-year. Sales rose by 3.6% from a year earlier to 35.3 billion baht. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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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) |
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ADB Business Opportunity Fair 2024 in Manila On 9-10 October 2024, the Asian Development Bank (ADB) will host a Business Opportunities Fair (BOF) in Manila. A delegation trip with another program day will be organised with the aim of supporting German companies in the participation of ADB-funded projects. More |
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DIHK Economic Survey Early Summer 2024 - The German economy fails to gain momentum The business situation continues to deteriorate. 28 percent of companies report a good situation, while 23 percent report a poor one. The balance of the situation assessment continues its downward trend, dropping slightly from seven to now five points. (DIHK, 15/05/2024) More |
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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 |
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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 |
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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 |
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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 |
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FALLING WALLS LAB is coming to Thailand Falling Walls Lab Thailand (FWL) will take place on 24 August 2024 at SKYVIEW Hotel Bangkok Sukhumvit 24. The event is a world-class pitch competition and networking forum that brings together a diverse and interdisciplinary pool of students and early-career professionals. More |
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APK 2024: 18th Asia-Pacific Conference of German Business 24-26 October 2024, New Delhi The conference's objective is to provide a platform to deepen the dialogue on current economic developments in Europe and the Asia-Pacific region as well as to build and strengthen personal and economic ties. More |
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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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