15.02.2022
18.02.2022
21.02.2022
22.02.2022
24.02.2022
04.03.2022 |
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37 infrastructure projects worth 1.4 trillion baht planned for 2022 Bidding for government contracts has slowed down over the past two years with many projects being postponed due to Covid-19. Now that prevention measures are easing, the government will launch new bids to boost economic activities. (Nation Thailand, 07/02/2022) More
Poll: BoT awaits tourism revival, to maintain rates The Bank of Thailand (BoT) will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel restrictions, a Reuters poll found. (Bangkok Post, 07/02/2022) More
Stimulus scheme tipped to pump in B396bn The four phases of the government's "Khon La Khrueng" co-payment subsidy scheme are expected to inject almost 400 billion baht into the economy, according to Fiscal Policy Office (FPO) director-general Pornchai Thiraveja. (Bangkok Post, 04/02/2022) More
Inflation forecast 1.5-2.5% in 2022 The Joint Standing Committee on Commerce, Industry and Banking expects inflation to run at 1.5-2.5% this year, and 3% in first half due to rising oil prices.(Bangkok Post, 02/02/2022) More
SRT preps for high-speed airport link extension The State Railway of Thailand (SRT) is preparing to submit its fiscal 2023 budget proposal for a feasibility study of the second-phase extension of the high-speed rail project linking three major airports. (Bangkok Post, 02/02/2022) More
Thai economy to see uptick in 2022 The Thai economy will continue to recover from last year, but is yet to reach its pre-Covid level. In 2022, economic growth is expected to be 3.0-3.5%, against 0.8% last year and -6.1% in 2020. The value of the Thai economy or its gross domestic product (GDP) is forecast to reach its 2019 level in 2023. (TDRI Insight, 21/01/2022) More
Thai Finance Ministry Maintains 2022 GDP Forecast as Covid Eases Thailand’s finance ministry on Friday maintained its economic growth outlook this year as the easing Covid-19 situation is expected to support local spending and a tentative resumption of tourism. (Bloomberg, 28/01/2022) More |
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| Transfer pricing services in Thailand |
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Hinter einem Lächeln steckt auch mal ein Nein Die Menschen in Thailand sind freundlich. Ihre Botschaften verbergen sich zwischen charmanten Worten und Gesten.(GTAI, 24/01/2022) Mehr
Kultureller Hintergrund Die Kulturen in Deutschland und Thailand sind sehr unterschiedlich. Mit Höflichkeit und Rücksicht kommen beide Mentalitäten aber gut miteinander aus.(GTAI, 24/01/2022) Mehr
Regeln für den Geschäftskontakt Mit guten Umgangsformen kommen Sie bereits sehr weit.(GTAI, 24/01/2022) Mehr
Privater Umgang Eine private Einladung ist etwas Besonderes. Es geht auch hier relativ locker zu.(GTAI, 24/01/2022) Mehr |
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GTCC JOINT CHAMBERS LUNCHEON |
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GTCC MULTI-CHAMBER BREAKFAST TALK WITH L&P |
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| Companies & Industrial Sectors |
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GSB preps subsidiary for SME loans Government Savings Bank (GSB) is preparing to set up a non-bank subsidiary to provide loans based on land collateral to small and medium-sized enterprises (SMEs).(Bangkok Post, 07/02/2022) More
Gulf Energy to seal crypto JV with Binance in Q2 Power producer Gulf Energy Development Plc expects to finalise a joint venture with the world's biggest cryptocurrency exchange, Binance, in the second quarter this year.(Bangkok Post, 04/02/2022) More
AIS ties up with Singtel Gulf on data centres Advanced Info Service (AIS) has signed a cooperation deal with Gulf Energy Development and Singapore Telecommunications (Singtel) for a foray into the data centre business in Thailand.(Bangkok Post, 04/02/2022) More
Kerry and Grab team up for new express delivery Leading delivery company Kerry Express has partnered with Grab Thailand to introduce two new pick-up services this Valentine's season.(Bangkok Post, 31/01/2022) More
AirAsia eyes 1bn flyers by 2026 AirAsia Group aims to connect more than 1 billion passengers in Southeast Asia by 2026 via its aviation unit, which is expected to include a new joint venture airline after restructuring the firm into an investment holding company called Capital A.(Bangkok post, 30/01/2022) More
Betong airport ready for takeoff Betong airport in the southernmost province of Yala is expected to fully open next month after the first charter flight landed on Saturday to promote tourism for this southernmost district.(Bangkok post, 30/01/2022) More
SCG preps for expansion listing of chemicals unit SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, is gearing up for expansion and listing subsidiary SCG Chemicals on the Stock Exchange of Thailand. (Bangkok Post, 28/01/2022) More
Mice prospects look bright for new QSNCC N.C.C. Management & Development anticipates a boost in revenue of up to five times and a doubling of visitor numbers to 13 million per year from the new Queen Sirikit National Convention Center (QSNCC). (Bangkok Post, 26/01/2022) More
SKC sees growing farm machinery market Farm truck maker Siam Kubota Corporation (SKC) has revised down its revenue target to 63 billion baht this year, a slight drop from 2021, despite better business prospects in Thailand's agricultural sector. (Bangkok Post, 26/01/2022) More
Innobic plans range of food products for the elderly, sick Innobic (Asia) Co, a wholly owned subsidiary and life science arm of national oil and gas conglomerate PTT Plc, will develop food products for the elderly in partnership with the Institute of Nutrition. (Bangkok Post, 25/01/2022) More
Food exports forecast to expand by 8.4% this year Thai food prospects remain promising, with exports forecast to grow by 8.4% this year driven by higher global demand and a rise in the prices of commodities, energy and logistics.(Bangkok Bank, 25/01/2022) More
Car exports poised to raise to 1m units Car exports are expected to increase to 1 million units for the first time in two years as the Federation of Thai Industries (FTI) pins its hopes on the limited impact of Covid-19 and the global semiconductor shortage on the automotive industry.(Bangkok Post, 25/01/2022) More |
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Banpu expands Vietnam presence with 2 solar plants Non-oil energy conglomerate Banpu Plc is buying two more new solar power facilities, worth US$26.7 million (around 883 million baht), in Vietnam as it expands its clean energy investment.(Bangkok post, 26/01/2022) More
Gulf to co-develop Mekong River hydropower project Gulf Energy Development Plc has teamed up with a Chinese state enterprise to co-develop the 770-megawatt Pak Lay hydropower project in Laos on the Mekong River.(Bangkok Post, 26/01/2022) More |
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GTCC STAMMTISCH BANGKOK 1/2022 |
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Energy committee restricts options to biodiesel B5 The Energy Policy Administration Committee (Epac) has announced that petrol stations will sell biodiesel B5, a mix of diesel and 5% methyl ester derived from palm oil, but will no longer offer biodiesel B7, starting 06/02/2022.(Bangkok Post, 02/02/2022) More
Millcon eager to partner on recycling SET-listed Millcon Steel, a Thai steel manufacturer, is seeking partners to co-invest in recycling businesses to add value to scrap under the circular economic concept.(Bangkok Post, 02/02/2022) More
Ministerial squabble delays EV market measures A difference of opinions between the Energy Ministry and the Industry Ministry has resulted in a delay in the introduction of measures to support electric vehicles (EVs), according to a source at the National Electric Vehicle Policy Committee who requested anonymity.(Bangkok Post, 31/01/2022) More
Gulf moves into Chiang Mai energy Gulf Energy Development Plc, Thailand's largest private power producer by capital market, has acquired Chiang Mai Waste To Energy Co to operate an electricity generation facility. (Bangkok Post, 25/01/2022) More
CKPower to double renewable energy generating capacity in three years CK Power Plc (CKP), one of the region’s largest producers of renewables-based electricity, has announced its plan to more than double its output in the next three years, reflecting the rapid global shift to renewables-based electricity. (Bangkok Post, 25/01/2022) More |
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Foreigners savouring investment potential Despite inbound travel difficulty, foreign investors are still looking to acquire warehouse facilities and manufacturing property as an investment, according to property consultant CBRE Thailand. (Bangkok Post, 04/02/2022) More |
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| Legal / HR / CSR / Education |
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Agency constructs 40 new rules to bolster law The National Cyber Security Agency (NCSA) aims to roll out 40 subordinate regulations of the Cybersecurity Act this year to strengthen the country's systems. (Bangkok Post, 02/02/2022) More
Metaverse joins remote work as key employment trend Hybrid onsite and remote work will become more common in the future as it delivers more flexibility and improves productivity, while the metaverse is another tool to support an interactive workplace, according to consulting and tech firms.(Bangkok Post, 02/02/2022) More
FTI: 800,000 migrant workers needed Thailand urgently needs 800,000 migrant workers to serve the manufacturing sector as well as tourism and service businesses that are struggling to deal with a labour shortage, says the Federation of Thai Industries (FTI).(Bangkok Post, 31/01/2022) More
Digital assets banned for payment Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy.(Bangkok Post, 26/01/2022) More
Cybercriminals targeting IoT, industrial systems Cybercriminals are moving to target the Internet of Things (IoT) and industrial systems and exploit critical vulnerabilities, which calls for cooperation between all parties in the supply chain to protect the weakest links from attacks, say cybersecurity experts.(Bangkok Post, 25/01/2022) More |
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| Important update on Covid-19 |
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Test & Go ‘cumbersome’, says hotel tycoon Thailand should look to the example of the more liberal reopening policies of Europe and travel hot spots such as the Maldives to revive its tourism industry, says Bill Heinecke, the founder and chairman of Minor International Plc.(Bangkok Post, 06/02/2022) More
Phuket issues alert on infected arrivals Phuket is asking the Centre for Covid-19 Situation Administration (CCSA) to improve Covid-19 screening measures for international visitors, following an alarming number of tourists testing positive on arrival.(Bangkok Post, 04/02/2022) More
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GTCC's 60th Anniversary: Our 60 facts #2 This year marks GTCC's 60 Anniversay. We proudly present 60 facts about our chamber as part of several celebratory activities. Here is the second fact.
According to the official foundation meeting of the chamber on 19 July 1962 at the Erawan Hotel, there were 57 founding members comprising German and Thai merchants and entrepreneurs. |
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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. For details and updates on GTCC CAI, visit GTCC CAI webpage. |
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Bernd Wachter appointed as Corporate Director of Alpla’s Circular Economy & Recycling in Asia Bernd Wachter is taking on the newly created position of corporate director of Circular Economy & Recycling in Asia with immediate effect. ALPLA is underlining the great importance of the circular economy worldwide. (Alpha, 03/02/2022) More
Mercedes-Benz anticipates robust growth Mercedes-Benz (Thailand) expects its car sales in Thailand to enjoy a double-digit growth this year as the luxury car segment is likely to grow in 2022.(Bangkok Post, 04/02/2022) More
B. Grimm Power, CP bag sustainability awards Thailand's leading industrial power producer B.Grimm Power Plc (BGRIM) has made history by being included in the S&P Global Sustainability Yearbook 2022 as a member and receiving the "Industry Mover" distinction award.(Bangkok Post, 04/02/2022) More
Bumrungrad announces breakthrough in treatment of BPH Bumrungrad International Hospital has announced success in treating patients with benign prostatic hyperplasia (BPH) using non-surgical water vapour therapy. (Bangkok post, 28/01/2022) 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: 25% off on Sunday Jazzy Brunch |
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Condition: Present GTCC member card upon arrival
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Business platform Spielwarenmesse Digital launched Spielwarenmesse Digital brings together the worldwide industry, virtually. This new platform is offering a comprehensive live programme for all participants. Alongside a wide range of communication tools, it also offers the trade a compact overview of trends and innovations. Buyers can register at digital.spielwarenmesse.de/en. Tickets can be obtained via the website. See more information HERE.
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HANNOVER MESSE 2022 rescheduled to 30 May - 2 June 2022 "Due to the continuing high incidence in Germany and many neighboring countries, we decided together with our exhibitors to reschedule HANNOVER MESSE. Right now we cannot predict if the Covid situation will be better by April, so the new date offers our customers the greatest possible planning security so that they can present their innovations at the world’s most important industrial trade show," said Dr. Jochen Köckler, CEO of Deutsche Messe AG. See more information HERE. |
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INHORGENTA MUNICH postponed to 8-11 April 2022 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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Coronavirus: Current information on trade fairs in Germany In some federal states it is possible to organise trade fairs. In Baden-Württemberg, Saxony and Thuringia events are currently prohibited, in other federal states upper limits apply for participants. Until March 2022, a total of around 65 trade fairs are planned, including 27 with international or national significance. More |
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Sustainability is becoming increasingly important for German companies abroad, but manyissues remain unresolved According to a survey conducted among member companies of the German Chambers of Commerce Abroad (AHK) in Autumn 2021, two-thirds of the surveyed companies stated that they deal with sustainability issues even if they themselves are not (yet) affected by any particular aspect of regulation. More |
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Chadaphan Maliphan
Publication and Communication Manager |
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