07/04/2022
29/04/2022
29/04/2022
10/05/2022 [Save the date] GTCC Seminar on "Incoterms 2022"
12/05/2022 [Save the date] GTCC Seminar “CEO Tells All Series: How HR can become a strategic partner to the CEO” |
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BOT says economy still recovering despite rising inflation The Bank of Thailand (BOT) said the Kingdom’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, following a recovery in the previous month. Overall business activity was steady in March, while the baht depreciated following an escalation of the Russia-Ukraine conflict. (NNT, 03/04/2021) More
Thailand’s economy at a turning point, financial experts warn Thailand has fallen behind Asian rivals in its bid to escape the middle-income trap, according to an expert panel debating economic revival after Covid-19. (The Nation, 03/04/2022) More
Thai export growth slowing under Russia-Ukraine fallout: TNSC The Russia-Ukraine conflict and rising production costs are pressuring Thailand's export sector, the Thai National Shippers' Council (TNSC) reports. Thailand's export value in the first two months this year was US$44.74 billion, up 12.2 per cent year on year. The exports expanded strongly on orders made before Russia invaded Ukraine on February 24. (The Nation, 03/04/2022) More
Oil Fuel Fund set to be replenished next month The Oil Fuel Fund Office (Offo) expects to obtain the first portion of loans as part of a total of 20 billion baht from commercial banks next month as its fund, used to subsidise energy prices, is nearly empty.(Bangkok Post, 24/03/2022) More Thailand’s finances stable despite pandemic, global slowdown: govt Thailand is economically strong even though the government has had to offer subsidies to ease the burden on citizens affected by the pandemic and global oil crisis, according to the government spokesman. The country’s financial stability is evident from the fact that the treasury had about 418.59 billion baht in cash for the first five months of the 2022 fiscal year (October 2021-February 2022). (The Nation, 27/03/2022) More Cabinet okays EEC smart city deal The cabinet approved a smart city development on Tuesday, the fifth flagship infrastructure project in the Eastern Economic Corridor (EEC), with investment worth a combined 1.34 trillion baht over 10 years.(Bangkok Post, 23/03/2022) More
High-speed rail expropriations get green light The cabinet has approved a bill to expropriate land in five provinces in the central region for the first phase of the Thai-Chinese high-speed railway project that will link Bangkok to Nong Khai.(Bangkok Post, 23/03/2022) More |
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| Mazars in press: The PDPA article |
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Ukrainekrieg dämpft den zaghaften Aufschwung in Thailand Der Ukrainekonflikt heizt die Inflation an und belastet die fragile Konjunktur. Die Wirtschaftsbeziehungen zwischen Thailand und Russland sind eigentlich unbedeutend.(GTAI,25/03/2022)Mehr
Thailändisches Urheberrechtsgesetz geändert Thailand hat verschiedene Bestimmungen in seinem "Copyright Act" (CA) angepasst und ergänzt. Die Neuerungen betreffen auch das Vorgehen gegen Urheberrechtsverletzungen im Internet.(GTAI,24/03/2022) Mehr |
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GTCC MULTI-CHAMBER SEMINAR "DESIGN & CONSTRAINTS" |
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| Companies & Industrial Sectors |
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Trio preps national health platform National Telecom (NT), Bitkub World Tech and the National Health Security Office (NHSO) have joined forces to develop a national health platform to level up the comprehensive public health services in the country, capitalising on digital tech.(Bangkok Post, 29/03/2022) More Unfazed OR maintains B92.5bn investment plan for 2022 PTT Oil and Retail Business (OR) is maintaining its 92.5-billion-baht investment plan for 2022 despite the high fluctuations of global oil prices, driven by the Russia-Ukraine war.(Bangkok Post, 29/03/2022) More
Frasers allocate B10bn to increase industrial space Frasers Property Industrial (Thailand) or FPIT plans to spend 10 billion baht to increase industrial space from 3 million square metres to 4 million sq m by 2025, with 50% of new development aimed at the "new economy" segment.(Bangkok Post, 25/03/2022) More |
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GTCC MULTI-CHAMBER EASTERN SEABOARD SEMINAR |
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Connecting Asean innovators to battle plastic waste Southeast Asia is the world's largest source of marine plastic waste, a problem that poses acute risks to the region's environments, people and economies.(Bangkok Post, 04/03/2022) More
Thailand, Vietnam tighten ties to achieve $25bn in trade value Thailand and Vietnam have pledged to tighten economic cooperation in a bid to push the value of bilateral trade to US$25 billion by 2025. The resolution was made at a discussion between the Thai ambassador to Vietnam and Vietnam PM on March 31. (The Nation, 03/04/2022) More |
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EA to invest over 2 billion baht in e-bus charging stations Energy Absolute Public Company Limited (EA) plans to invest more than 2 billion baht in the construction of charging stations for electric buses that will be used as public transportation. (NNT, 30/04/2022) More EVs in spotlight at Bangkok motor show as petrol prices soar Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars.(Bangkok Post, 30/03/2022) More Partners team up with Thai football on e-waste initiative Advanced Info Service (AIS) has partnered with the Football Association of Thailand, the Thai League and Waste Management Siam Co to launch a sustainability programme for collecting electronic waste (e-waste) and turning it into sports medals.(Bangkok Post, 30/03/2022) More Sharge seeks partners to push EVs Sharge Management Co, a provider of charging systems for battery-powered vehicles, will forge partnerships with commercial fleet operators, including public transport service providers, in a push for exponential growth of its electric vehicle (EV) business.(Bangkok Post, 25/03/2022) More
Ministry launches environmental hub The Digital Economy and Society (DES) Ministry has launched the National Environment Information Centre to support open databases for environmental information to allow for analysis and further development.(Bangkok Post, 24/03/2022) More
BAFS, ITURRI join hands in bid to meet emissions goal Bangkok Aviation Fuel Services (BAFS) Intech has joined forces with Spain's aircraft refuelling vehicles manufacturer ITURRI in order to hit a net-zero emissions target.(Bangkok Post, 23/03/2022) More
Price of BEVs entitled to perks to be slashed The price of battery electric vehicles (BEVs) entitled to the state's subsidy and tax incentives will be reduced by at least 150,000-200,000 baht per car, said the Excise Department's director-general Lavaron Sangsnit.(Bangkok Post, 22/03/2022) More |
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DTN promotes RCEP as golden opportunity for Thai exporters The Department of Trade Negotiations (DTN) has called the Regional Comprehensive Economic Partnership (RCEP) a golden opportunity for Thai exporters, service providers and investors to explore regional markets and beyond. (NNT, 04/04/2022) More EU urges Thai firms to consider green deal Director for Strategy at the European Commission’s Directorate-General for the Environment Astrid Schomaker has urged Thai companies to prioritize implementing the EU’s Green Deal and moving toward a sustainable economy in order to increase business opportunities with the blog. (NNT, 31/02/2022) More |
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| Legal / HR / CSR / Education |
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Survey: Consumer confidence rallying A consumer confidence survey showed a large uptick in March from December 2021, with one possible outcome an increase in housing demand going forward, according to property research and consultancy Terra Media and Consulting Ltd. (Bangkok Post, 04/03/2022) More
Land and building tax discount in effect for 2022 The land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister. (Bangkok Post, 04/03/2022) More
Ministry to postpone tax on stock transactions The Finance Ministry expects to postpone the plan to slap a financial transaction tax on individual stock investors for a certain period because of unfavourable economic conditions, says permanent secretary Krisada Chinavicharana.(Bangkok Post, 30/03/2022) More Regulation may affect SCB-Bitkub deal The Bank of Thailand's new rule to cap investment by commercial banks in digital asset businesses at under 3% of their capital may affect Siam Commercial Bank's (SCB) 17.85-billion-baht investment deal in Bitkub Online as its value exceeds the limit.(Bangkok Post, 25/03/2022) More |
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| Important update on Covid-19 |
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Ministry closes 2 Covid-hit insurers The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective yesterday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).(Bangkok Post, 02/04/2022) More
No pre-arrival Covid RT-PCR tests needed for arrivals in Thailand from 1 April 2022 People arriving in Thailand, from 1 April 2022, under “Test and Go”, “sandbox” or other quarantine programs no longer need a negative COVID-19 RT-PCR test certificate, issued within 72 hours prior to departure. This relaxation of requirements applies to arrivals by air, land and sea. (Thai PBS World, 01/04/2022) More
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GTCC's 60th Anniversary: Our 60 facts #6 On 12 April 1962, the first public representation of the Thai-German Chamber of Commerce (which is now named as GTCC) was on the occasion of the visit of a German delegation negotiating a loan for the State Railways of Thailand. |
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Bayer Thai: 60 years of delivering innovation sustainability For six decades Bayer Thai Co Ltd has applied its core competencies in the life science fields of healthcare and nutrition to help shape a better quality of life for all Thais.(Bangkok Post, 01/04/2022) More Lufthansa planning to increase capacity as travel demand surges Lufthansa Group focuses on ramping up capacity in Thailand this year with the aim of hitting 61% of the available seat kilometres reached in 2019, thanks to a positive outlook on leisure travel demand. Lufthansa also recently launched a non-stop daily flight between Bangkok and Munich on the A350, allowing easy and convenient travel to/from both cities.(Bangkok Post, 29/03/2022) More B.Grimm eyes overseas power acquisitions B.Grimm Power Plc (BGRIM), an energy developer with the largest capacity in the small power producer segment, expects to finalise 2-3 acquisitions of power generation assets in the first half of this year.(Bangkok Post 29/03/2022) More
Allianz Ayudhya Capital PCL (AYUD) to acquire Aetna Thailand Allianz Ayudhya Capital PCL (AYUD) has entered into an agreement to acquire 100% of shares of Aetna Thailand, a prominent player in the Thai health insurance market. The acquisition reaffirms the company’s commitment to further invest and expand its health insurance business to benefit customers in Thailand. More
Sindhorn Kempinski awarded Best International Hotel Lobby Interior by International Property Awards Sindhorn Kempinski Hotel Bangkok has been named Best Hotel Lobby Interior of Thailand and Best International Hotel Lobby Interior. International Property Awards recognised Sindhorn Kempinski and P49 Deesign’s excellence as transcending borders with acclaim in two separate categories. 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: 10% discount on Sunday Brunch at ALATi |
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Validity: Now - 30 June 2022
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INTERSCHUTZ: More important than ever! 20-25 June 2022, Hannover, Germany The increase in natural disasters has already noticeably changed the daily lives of many aid and rescue workers. In addition, there was the Corona pandemic and the humanitarian emergencies caused by political conflicts. Given the current challenges, the topics of INTERSCHUTZ are more relevant than ever before. 1,000 companies from 50 countries as well as the participating associations and organizations will present the solutions for the challenges of our time. More |
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embedded world Conference and electronic displays Conference: Focus on interdisciplinary dialogue and innovation 21 – 23 June 2022, Nuremberg, Germany The embedded world Conference will shed light on diverse aspects of the embedded industry while providing a platform for the increasingly important exchange of interdisciplinary knowledge. The electronics displays Conference will focus on innovation in display development, including micro-LEDs and OLEDs for automotive construction. More |
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Corona pandemic and trade fairs All COVID-19 restrictions will no longer apply at German trade shows. By April 3 at the latest, no more access restrictions such as 3G or 2G regulations, capacity restrictions, distance requirements or masking obligations will apply at trade shows nationwide. Restrictions can now only be provided by the federal states if the state parliament determines a localized, threatening infection situation. More |
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ASEAN Snapshot 2022 The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, is pleased to introduce to the fifth edition of the ASEAN Snapshot booklet with 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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Chadaphan Maliphan
Publication and Communication Manager |
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