16.12.2021 [Fully booked] GTCC Year End Cocktail Reception
17.12.2021
11.01.2022
18.01.2022 [Save the date] GTCC Open Forum
21.01.2022 [Save the date] Multi-Chamber Eastern Seaboard Networking by SATCC
27.01.2022 [Save the date] GTCC connects 1/2022: Welcome New Year |
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GTCC CLEAN AIR INITIATIVE WEBINAR |
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Inflation to hit 3% in 2022 Headline inflation is expected to hit its highest level in a decade next year driven by cost-push factors including rising imported raw materials, a recovery in domestic demand, relatively high oil prices and a labour shortage. (Bangkok Post, 13/12/2021) More
SCB think tank trims 2022 forecast Siam Commercial Bank's research house has downgraded its 2022 economic growth forecast from 3.4% to 3.2%, as the Covid-19 Omicron variant is expected to take a toll on the global economy and delay Thailand's tourism recovery until at least the beginning of next year. (Bangkok Post, 10/12/2021) More
Bank of Thailand expects economy to return to pre-Covid levels in 2023 The economy is expected to return to pre-Covid-19 levels in the first quarter of 2023 and its recovery will be slower than some other countries in the region, the governor of the Bank of Thailand (BoT) told a business forum. (Bangkok Post, 9/12/2021) More
Joint business group sees GDP growth next year 3%-4.5% The country’s leading joint-business group on Wednesday said it expects gross domestic product growth in 2022 to reach as high as 4.5%, in line with global recovery. (Bangkok Post, 8/12/2021) More
Bank of Thailand urges banks to refrain from trading digital assets The central bank on Tuesday said it does not want commercial banks to be directly involved in trading digital assets, citing the risks stemming from high price volatility. (Bangkok Post, 7/12/2021) More
Thailand buying B600m supercomputer The National Science and Technology Development Agency (NSTDA) is paying 600 million baht to buy the most efficient supercomputer in Southeast Asia, with the aim of boosting science and technology in line with the bio-, circular and green (BCG) economic model. (Bangkok Post, 1/12/2021) More
October MPI close to pre-pandemic level Thailand's manufacturing production index (MPI) in October rose by 2.91% year-on-year to 97.99 points, close to the level recorded for the corresponding month in 2019 -- prior to the pandemic, as the industrial sector looks set to gain momentum, says the Office of Industrial Economics (OIE). (Bangkok Post, 1/12/2021) More
State projects set to boost 2022 construction income The domestic construction market is expected to grow by 6% to 850 billion baht next year, due to state infrastructure development projects and better economic prospects thanks to the speedy rollout of Covid-19 vaccinations, says Civil Engineering Plc. (Bangkok Post, 30/11/2021) More |
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| Transfer pricing services in Thailand |
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Covid-19 legt Stärken und Schwächen offen Thailand kann insbesondere während der Pandemie auf sein Gesundheitswesen und seine industrielle Basis zählen. Wirtschaft und Bildung benötigen aber Reformen.(GTAI, 8/12/2021) Mehr |
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| Companies & Industrial Sectors |
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Big data sector forecast to hit B13.7bn in 2021 Thailand's big data industry is expected to grow 0.19% year-on-year to 13.7 billion baht in 2021 and stay at that level next year, driven by the surge in big data analysis to develop products and services to meet market demand, says the Digital Economy Promotion Agency (Depa). (Bangkok Post, 11/12/2021) More
IT spending set to hit B871bn in 2022 Thailand's IT spending is expected to grow 6.4% year-on-year to 871 billion baht in 2022 with strong growth in enterprise software, driven by continued hybrid work and remote services, according to global research firm Gartner. (Bangkok Post, 9/12/2021) More
Ford to invest $900m in Thailand plants Ford Motor Co said on Wednesday it would invest $900 million to modernise its factories in Thailand that support production of its Ranger pickup and Everest SUV, in what will be the company's largest single investment in the country. (Bangkok Post, 8/12/2021) More
BoT call to extend incentives The government should extend its property tax incentives to next year to drive housing market growth in 2022, in line with the projected economic recovery, the Bank of Thailand suggested. (Bangkok Post, 8/12/2021) More
Luxury car market tabbed for double-digit growth in 2021 The luxury car market in Thailand is expected to keep expanding with double-digit growth this year, despite the impact of lockdown measures implemented to contain the spread of Covid-19. (Bangkok Post, 7/12/2021) More
5G subscriptions to hit 70m by 2027 Thailand's 5G subscriptions are expected to reach 70 million by 2027, or 73% of the total subscriptions in mobile services, according to Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn. (Bangkok Post, 3/12/2021) More
Digital push to hit B2.5tn a year by 2030 Thailand's digital transformation could generate up to 2.5 trillion baht in annual economic value by 2030, equivalent to 16% of GDP in 2020, according to a report commissioned by Google. (Bangkok Post, 3/12/2021) More
Bitkub rises up the ranking Bitkub, a local digital asset exchange, ranked as the 10th largest cryptocurrency exchange in terms of trading value on Coingecko.com on Nov 29. (Bangkok Post, 1/12/2021) More
B20bn loans to bolster diesel subsidy The Oil Fuel Fund Office (Offo) is preparing to obtain loans worth 20 billion baht from 10 commercial banks, following the government's approval to seek loans to support its subsidy programme during the global oil price surge. (Bangkok Post, 1/12/2021) More
Ministry reduces prices of agrochemicals The Commerce Ministry's Internal Trade Department has teamed up with importers and traders to reduce the prices of 74 agrochemical products by as much as 35% for three months, effective immediately. (Bangkok Post, 30/11/2021) More
Line TV closes citing intense competition, rising costs Line Thailand closed down its operation of Line TV after eight years amid intense competition of streaming services and the high cost of content licences. (Bangkok Post, 30/11/2021) More |
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[FULLY BOOKED] GTCC YEAR END COCKTAIL RECEPTION |
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Border trade forecast upgraded The government expects cross-border trade to grow by as much as 8-9% this year, propelled by the global economic recovery, baht weakness, and ongoing efforts by the Commerce Ministry to speed up the reopening of border checkpoints, as well as cooperation with the private sector. (Bangkok Post, 9/12/2021) More |
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New battery plant 'crucial' for EV work Energy Absolute Plc (EA) opened its battery and energy storage system (ESS) production facility, which is said to have the largest production capacity in Asean. (Bangkok Post, 12/12/2021) More
Initiative to develop EV ecosystem The state-run Metropolitan Electricity Authority (MEA) plans to provide discounts on the rate of electricity to electric vehicle (EV) charging service providers. (Bangkok Post, 8/12/2021) More
Volvo urges focus on mass market for EVs Volvo Cars (Thailand) wants the Thai government to strike a balance between aiming to become an electric vehicle (EV) production hub and fostering an ecosystem where ordinary Thais can own EVs. (Bangkok Post, 7/12/2021) More |
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More incentives for foreign film shoots The government looks set to increase incentives and deregulate foreign film shoots in Thailand, aiming to promote shooting and production. (Bangkok Post, 9/12/2021) More
Free trade top of Apec agenda As host of next year's Apec meeting, Thailand will place the long-delayed Free-Trade Area of the Asia-Pacific (FTAAP) at the top of the regional economic forum's agenda. (Bangkok Post, 4/12/2021) More |
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| Legal / HR / CSR / Education |
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Govt maintains land and building tax for another 2 years The cabinet approved the maintaining of the existing tax rates for land and building for a further two years, a government spokesperson said. (Bangkok Post, 7/11/2021) More
Customs mulls non-tariff rule for cheap imports The Customs Department plans to introduce a non-tariff measure to bridge the disparity between low-priced goods shipped into Thailand that are tax-exempt and goods locally produced by small and medium-sized enterprises (SMEs), says director-general Patchara Anuntasilpa. (Bangkok Post, 7/12/2021) More
Cabinet approves new medical visa Cabinet approves a new one-year Medical Treatment Visa to boost the kingdom's attraction as an international medical hub. (Bangkok Post, 30/11/2021) More |
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| Important update on Covid-19 |
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No more maximum Covid control zones Effective from Thursday, 16 December 2021, all 23 red zones of Covid-19 maximum control including Bangkok will be lifted to facilitate business and activities. (Bangkok Post, 13/12/2021) More
Booze can be served until the wee hours of 2022, says CCSA The Centre for Covid-19 Situation Administration (CCSA) issued new guidelines for the New Year holidays. Under the new regulations, restaurants and eateries will be allowed to serve alcohol until 1am to ring in the New Year, provided they strictly adhere to Covid-free setting standards. (The Nation, 13/12/2021) More
Bangkok residents can register for jabs regardless of nationality, number of shots received Bangkok has been accepting Covid-19 vaccine registrations since December 1 for residents of any nationality, no matter how many shots they received earlier, Governor Aswin Kwanmuang announced. (The Nation 9/12/2021) More
The Omicron factor Since the new, highly contagious Omicron strain was designated a variant of concern by the World Health Organization on Nov 26, many countries have made a U-turn on loosening Covid-19 curbs. (Bangkok Post, 13/12/2021) More
B1 trillion to beat Omicron The government will inject around one trillion baht into the economy next year to cushion against any volatility that may be caused by the Omicron variant of Covid-19. (Bangkok Post, 3/12/2021) More
Antigen Test Kits (ATK) available through BOT/TCC BoT/Thai Chamber of Commerce are offering a special price for Antigen Test Kits (ATK) only for members of foreign chambers in Thailand when order through the Thai Chamber of Commerce (TCC) channel. The Antigen Test Kits (ATK) brands are all certified by Food and Drug Administration: FDA, Ministry of Public Health. Please see further information on how to order and fill out the Request Form within 30 December 2021 via: thaichamber.org/news/preview/1216
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GTCC Clean Air Initiative (GTCC CAI) GTCC has launched the “GTCC Clean Air Initiative Series – Green Solutions from Germany" in which GTCC member companies will introduce and promote their technologies, concepts and services regarding the prevention and reduction of air pollution for the markets in Thailand and the Southeast Asia region. The participating companies will also share their suggestions regarding the regulatory framework in Thailand. The sixth webinar will take place on 11 January 2022 with CLAAS Regional Center South East Asia Co., Ltd.
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Results of AHK World Business Outlook Survey – Fall 2021: Thailand The AHK World Business Outlook is based on a survey of member companies of the German Chambers of Commerce Abroad, Delegations and Representative Offices (AHKs). About 50 GTCC members participated in the survey from 24 September to 11 October 2021. More |
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BGRIM eyes 8-10% gain in revenue B.Grimm Power Plc (BGRIM), the power generation arm of Thailand's oldest trading conglomerate B.Grimm Group, expects to see its revenue grow by 8-10% next year thanks to production capacity expansion. (Bangkok Post, 6/12/2021) More
Mazars Talk ‘The importance and accuracy of closing the financial statements that management team and accountants should know’ Get to know the responsibility for management team in preparing the financial statements in Mazars Talk on 15 December 2021, 11.30 a.m. - 12.30 p.m. via Facebook Live Mazars in Thailand. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Exclusive offer: SOFTA-GEL special set for X'mas and New Year |
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Validity period: Now until 31 December 2021
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BAU China: 19-22 December 2021, Shanghai, China BAU CHINA is the leading trade fair in the Asia-Pacific region for Building Systems Solutions, High-End Technologies and Materials. It will be held at National Exhibition and Convention Center (NECC) in Shanghai and includes FBC (FENESTRATION BAU China), CADE (China Architectural Design Expo), RealTech Expo and China Roofing and Waterproofing Expo. See detailed information HERE. |
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Spielwarenmesse® Nuremberg, Germany, 2-6 February 2022 Exhibitors, visitors and media representatives will finally get their wish to meet in person again at the world’s most important event in the industry. Trade visitors can only purchase one-day tickets online as there will not be any ticket counters at the event. Admission screening and sanitiser stations will further increase on-site safety. Testing will be offered at the exhibition centre. See updates on safety and hygiene measures HERE. |
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INHORGENTA MUNICH: 11-14 February 2022, Munich INHORGENTA MUNICH, Europe’s leading platform for jewelry, timepieces and gemstones, is the order and communications platform for the industry and reflects the market in all its diversity. It provides a unique combination of individuality, inspiration, and innovation. It offers an in-depth overview of international trends and developments. See detailed information HERE. |
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BIOFACH and VIVANESS 2022 – a sure thing! 15 - 18 February 2022, Nuremberg, Germany The hygiene concept for BIOFACH and VIVANESS is based on the framework hygiene concept for trade fairs and exhibitions valid in Bavaria. The hygiene concept has already proved its worth at all events held on the NürnbergMesse site since September 2021 and has been successfully implemented and accepted. See detailed information and applicable regulations for both exhibitors and visitors HERE. |
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German trade fairs need the option to admit tested participants In view of a recent increase of COVID-19 restrictions, the German trade fair industry is demanding maximum planning reliability for the industry from policymakers at the federal and state level. In addition to those who have been vaccinated and those who have recovered, exhibitors and visitors tested negative must continue to be able to participate in trade fairs. (AUMA, 08/11/2021) More |
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ASEAN Snapshot 2021 The 4th editon of ASEAN Snapshot published by the German Chambers ASEAN Business Council (GCABC), provides you with an overview of the economic developments of ASEAN member countries, ranging from demographic, economics, trade and investment, and the business relations between selected ASEAN nations with Germany. More |
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AHK World Business Outlook: Herbst 2021 Ergebnisse einer Umfrage bei den deutschen Auslandshandelskammern, Delegationen und Repräsentanzen. Mehr |
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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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