If you can't see this email click here.
image
image
21 February 2022
 
Upcoming events
24.02.2022

02.03.2022

04.03.2022

11.03.2022

16.03.2022
[Save the date] GTCC Business Women Networking 1/2022

18.03.2022
[Save the date] GTCC Members Exclusive Site Visit to Brose (Thailand) Co., Ltd.

18.03.2022

24.03.2022
[Save the date] GTCC Ordinary General Meeting (OGM) 2022

29.03.2022
[Save the date] GTCC Multi-Chamber Seminar: “Design & Constraints” 
with VIRTUARACH Co., Ltd.

30.03.2022
[Save the date] GTCC Young Professionals Network Evening 1/2022
 
image
MAZARS IN THAILAND
 
image
HÄFELE (THAILAND)
Economy
Green light received for B40.82bn provincial plans
The government has approved provincial and provincial cluster development plans between 2023 and 2027 worth a combined 40.82 billion baht.(Bangkok Post, 15/02/2022) More 

All provinces record lowest level of revenue in 2021
Tourism receipts in 77 provinces set another historic low in 2021 with revenue declining by 69.55% to 241,350 billion baht, while the income gap between Bangkok and other major provinces remained wide, according to the Tourism and Sports Ministry. (Bangkok Post, 08/02/2022) More

State eyes options to retain fuel cap
The government is looking for additional sources of funding to finance its energy subsidies, as its financial assistance is running low while global oil prices are approaching US$100 a barrel.(Bangkok Post, 08/02/2022) More 
 
Economic Factsheet
UPDATE Magazine
Outsourcing services in Thailand
image
image
image
 
GTAI
Cannabis boomt in Thailand
Thailand legalisiert als erstes Land in Südostasien medizinisches Cannabis. Viele Firmen investieren in den Megatrend. Ausländische Unternehmen dürfen nur ihr Know-how einbringen.(GTAI, 04/02/2022) Mehr

China erobert Thailands Märkte
Ein Viertel der Importe stammt inzwischen aus China. Westliche Länder und Japan verlieren Marktanteile.(GTAI, 18/02/2022) Mehr
 
image
GTCC TOURISM & HOSPITALITY COMMITTEE WEBINAR
 
Companies & Industrial Sectors
Inflation rate dims REIC's recovery view
Despite a forecast of 25% growth in residential transfers this year, reaching the level attained in 2019 might take until 2024 because of the rising rate of inflation, according to the Real Estate Information Center (REIC). (Bangkok Post, 21/0.2/2022) More 

PTT-Egat co-invest in LNG depot
State-run Electricity Generating Authority of Thailand (Egat) has signed a joint venture agreement with PTT Plc to co-invest in the second liquefied natural gas (LNG) receiving terminal project in Rayong as part of the government plan to develop a regional LNG trade hub.(Bangkok Post, 16/02/2022) More 

Line BK searches for partners to expand
Line BK, a social banking platform collaboration between Kasikornbank (KBank) and Line Corporation, plans to add local partners to strengthen its digital ecosystem beyond finance to access a larger customer base nationwide. (Bangkok Post, 16/02/2022) More 

Krungsri Finnovate unveils joint venture with MUIP
Krungsri Group's subsidiary Krungsri Finnovate has announced a joint venture investment plan with MUFG Innovation Partners (MUIP) for 2022-23, aiming to establish three new unicorns in the portfolio. (Bangkok Post, 15/02/2022) More 

XL Provides a solution for bulky goods
Leading parcel carrier Kerry Express Thailand (KEX) has partnered with Thailand's retail giant Central Retail Corporation (CRC) to introduce Kerry XL -- an express pick-up and delivery service for large items.(Bangkok Post, 15/02/2022) More 

Loan matching aids SMEs with exports
The Commerce Ministry has teamed up with the Export-Import Bank of Thailand (Exim Bank) and the Thai Credit Guarantee Corporation (TCG) to establish a loan matching scheme for export-oriented small and medium-sized enterprises (SMEs) to leverage the Regional Comprehensive Economic Partnership (RCEP) trade pact that started earlier this year.(Bangkok Post, 11/02/2022) More 

IRPC returns to profit amid oil price hike
IRPC Plc, a petrochemical arm of national oil and gas conglomerate PTT Plc, saw its business rebound from a loss of 6.15 billion baht in 2020 to net profit of 14.5 billion baht last year, thanks to the global oil price surge.(Bangkok Post, 11/02/2022) More 

Thailand Post unveils service enhancements
Thailand Post is expanding its postal services to cater for more specific e-commerce demand to create more value for its business amid intense competition in the courier segment.(Bangkok Post, 10/02/2022) More 

RS announces takeover of ULife in B880m deal
SET-listed RS announced yesterday the acquisition of the entire business of Unilever Life (ULife), a direct sales business unit of the global consumer product conglomerate Unilever, with an investment of roughly 880 million baht.(Bangkok Post, 09/02/2022) More

Tie-up hones in on forging NCID system
AI & Robotics Ventures (ARV), a subsidiary of PTT Exploration and Production (PTTEP), has partnered with IT giant IBM to build a national digital corporate identity (NCID) system to facilitate corporate onboarding at banks. (Bangkok Post, 08/02/2022) More 

Project aims to bolster village economies
The Industry Ministry is working with Total Access Communication Plc (DTAC), the country's third-biggest mobile operator by subscriber base, to bring digital power to 152 villages across the country to level up their local tourism and entrepreneurship under the Creative Industry Village (CIV) project. (Bangkok Post, 08/02/2022) More 

PayPal suspension to hit Thais amid tough market
Global online payment PayPal is scheduled to suspend most services for consumers, freelancers and sole proprietors in Thailand from March 7 as it is seeking ways to comply with Thai regulations. (Bangkok Post, 08/02/2022) More 
 
image
GTCC STAMMTISCH BANGKOK 1/2022
 
Thailand & ASEAN
Indonesia’s Akulaku lands $100 million from SCB
Akulaku, an Indonesian online lender backed by Jack Ma’s Ant Group, has pulled in US$100 million from one of Thailand’s biggest lenders to expand its business in Southeast Asia.(Bangkok Post, 15/02/2022) More 

Southern border to reopen next month
The government is planning to reopen the Thai-Malaysia border next month to stimulate tourism and the economy in the deep southern provinces.(Bangkok Post, 14/02/2022) More

Flash Express investments to fuel further expansion
Flash Express is amping up its investments to bolster cross-border delivery services amid flourishing e-commerce growth in Asean, while also jumping into bulky goods shipment services with a low-cost offering to compete with rivals.(Bangkok Post, 09/02/2022) More 
 
Green Technology
ERC seeks extra 200MW of biomass power
The Energy Regulatory Commission (ERC) is preparing to buy an additional 200 megawatts of electricity from biomass power operators to avoid a potential power shortage as gas supply dwindles from the Erawan block in the Gulf of Thailand.(Bangkok Post, 17/02/2022) More 

State pumps billions into green cars
The cabinet approved on Tuesday a package of incentives including tax cuts and subsidies to promote electric vehicle (EV) consumption and production between 2022-2023. (Bangkok Post, 16/02/2022) More 

Great Wall vows local BEV effort
Chinese sport utility vehicle manufacturer Great Wall Motor (GWM) vows to start producing battery electric vehicles (BEVs) in Thailand in 2024 as part of its 22.6-billion-baht investment to strengthen its business and make the country an EV production and research hub.(Bangkok Post, 12/02/2022) More 

GPSC divests in Japan’s ISP1
Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, is planning to add new investment projects to its green energy portfolio by selling all shares worth around 1.1 billion baht in Ichinoseki Solar Power 1 GK (ISP1) in Japan.(Bangkok Post, 12/02/2022) More 
 
Bilateral Business
Banpu Power keeps an eye on foreign markets
The rapid transition of non-oil energy conglomerate Banpu Group towards clean energy could not have happened without the establishment of Banpu Power Plc (BPP).(Bangkok Post, 12/02/2022) More 

Cabinet okays B41bn BCG action plan for 2022-27
The cabinet on Tuesday approved an action plan to drive bio-, circular and green (BCG) economic development between 2022 and 2027 with a total budget of almost 41 billion baht. (Bangkok Post, 09/02/2022) More 
 
Legal / HR / CSR / Education
Govt cuts diesel tax in half
The cabinet on Tuesday agreed to cut the excise tax on diesel by three baht per litre, from the current 5.99 baht, for three months to help ease the impact of high energy prices on the cost of transport and consumer goods.(Bangkok Post, 16/02/2022) More 

Govt mulls tax cuts subsidies to spur electric car adoption
The government is weighing an array of incentives including lower taxes and cash subsidies to develop the market for electric vehicles, betting the perks may spur automakers to invest more and make Thailand a manufacturing hub for cleaner cars.( Bangkok Post, 14/02/2022) More 

Tourism fee postponement likely
The collection of a tourism fee from foreign visitors will be delayed by at least two months from the scheduled date of April 1 as payment methods have not yet been concluded.(Bangkok Post, 11/02/2022) More 

Unemployment eases in Q4 of 2021
Thailand's unemployment rate eased in the fourth quarter of last year, and bachelor's degree holders still maintain the highest unemployment rate, according to the latest survey by the National Statistical Office.(Bangkok Post, 08/02/2022) More 
 
Important update on Covid-19
TCC offers a special price for Antigen Test Kits (ATK) only for members of foreign chambers in Thailand
 1. The Antigen Test Kits (ATK) brands are all certified by Food And Drug Administration: FDA, Ministry of Public Health; 2. Certificate or related documents of being a foreign chamber of commerce membership is required; 3. Medical facility license or ใบอนุญาตให้ดำเนินการสถานพยาบาล (สพ.) is not required.

Kindly fill out the Request form within 28 February 2022 (16.30 hrs.) Please noted that the Request form and details are conducted in Thai. For more information and further assistance, please contact Ms. Pornwilai (Tel. 063-950-0378) / Ms. Mathuros (Tel. 061-824-5527) / Ms. Phunwasa (080-346-6246)

Omicron surge stymies domestic travel
Domestic travel sentiment remains weak amid a five-digit surge in daily cases and higher commodity prices, despite incentives like the We Travel Together hotel subsidy scheme and local events aimed at generating more trips.(Bangkok Post, 15/02/2022) More 

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
GTCC News
image
GTCC's 60th Anniversary: Our 60 facts #3
This year marks GTCC's 60 Anniversay. We proudly present 60 facts about our chamber as part of several celebratory activities. Here is the third fact.

25 October 1962 was our official registration day as “Thai-German Chamber of Commerce” at the Association Register in Bangkok under the registration number 901. Six years later, the Chamber’s name was changed to “German-Thai Chamber of Commerce” in 1968 by the Association Register in Bangkok.
 
image
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. 
 
Member News
Siemens Energy appoints the new Managing Director
The global powerhouse and driver of energy transition, Siemens Energy, appoints the new Managing Director, Steve Loo, for its entities in Thailand and Philippines. More

Centara tie-up leads to touchless twists
Major Thai hotel operator Centara Hotels & Resorts has partnered with True Digital Solutions to usher in a new era of touchless technologies.(Bangkok Post, 17/02/2022) More 
 
BMW Takes Control of China Venture, Sees Big Profit Gains
Bayerische Motoren Werke AG said it has taken majority control of its Chinese joint venture, securing its grip on its operations in the world's biggest auto market. (Bangkok Post, 14/02/2022) More 

Henkel adds to haircare offerings
Henkel has signed an agreement to acquire Shiseido's Asia-Pacific Hair Professional business. Shiseido will retain a 20% share in the legal entity in Japan to support business growth through a partnership with Henkel. (Bangkok Post, 11/02/2022) More 

IMPACT sees market recovery next year
Impact Exhibition Management is hoping its revenue will reach 70% of 2019 levels this year with support from local events and international visitors in the second half, as it plans new exhibition centres using a 6-billion-baht budget. More

ExYne Asia Technology is looking for a "pilot customer" in Thailand
ExYne Asia Technology - an importer of LiftNclean, German made air purification equipment, delivers the LiftNclean air purifier free-of-charge. The pilot customer takes care of the installation. More

German Kitchen Design’s showroom is now open
German Kitchen Design invites you to visit their showroom at River City Bangkok. Opening times are Tuesday – Sunday at 11am – 8pm. More

Discover the Executive DBA program for managers from Business Science Institute
Join the webinar on Tuesday 8 March, 7 pm - 7.45 pm (BKK time) to know more about this three-phase program, which has been accredited by a renowned international scientific advisory board. More

GTCC members' promotions 
Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
 
image
Exclusive offer: 
25% off on Sunday Jazzy Brunch
image
Condition: 
Present GTCC member card upon arrival

 
Trade Fairs
image
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

 
image
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
 
image
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.
 
image
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
 
AHK network news
image
Sustainability is becoming increasingly important for German companies abroad, but many issues 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
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
image
 
image
 
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.
Facebook
LinkedIn
Twitter
 

glueup

Powered by Glue Up
All-in-one CRM Software for Growing Communities