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17 May 2022
 
Upcoming events
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GTCC CELEBRATION WINE DINNER
 
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MAZARS IN THAILAND
 
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GTCC MULTI-CHAMBER TRAINING
 
Economy
Q1 GDP growth tops forecast but Ukraine war hits 2022 outlook
Thailand's economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery. (Bangkok Post, 17/05/2022) More

Industry leaders warn of challenges ahead for Thai economy
Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges. (Bangkok Post, 13/05/2022) More

Thailand moves to shield B1.4tn debt plan from yield surge
Thailand will shield its government borrowing plan from surging bond yields by tweaking the mix of short- and longer-term debt instruments it issues, according to the Public Debt Management Office (PDMO). (Bangkok Post, 13/05/2022) More

Labour Minister says government considering increasing minimum wage to 492 baht
Thailand’s Labour Minister says the government is considering increasing the daily minimum wage to 492 baht. (Thaiger, 10/05/2022) More

Arkhom pushes digital to hit revenue goal
Finance Minister Arkhom Termpittayapaisith is confident the government will meet its revenue target of 2.4 trillion baht in fiscal 2022. (Bangkok Post, 09/05/2022) More

Thailand inflation continues upward trend, 4-5% predicted for year
Thailand’s inflation increased 4.65 per cent in April from a year ago and is expected to climb higher this month due to rising prices of fuel and cooking gas, according to the Ministry of Commerce’s Trade Policy and Strategy Office. (The Nation Thailand, 05/05/2022) More

Govt accepts Japan loan of B13.2bn
Finance Minister Arkhom Termpittayapaisith has signed a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency to bolster the nation's Covid-19 emergency response. (Bangkok Post, 05/05/2022) More
 
Economic Factsheet
UPDATE Magazine
Preparing for PDPA
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GTAI
International Business Expansions to Germany Rebound in 2021
According to statistics annually compiled by Germany Trade & Invest (GTAI), the number of FDI projects bounced back significantly last year, nearly reaching pre-corona levels. (GTAI, 08/04/2022) More
 
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HÄFELE (THAILAND)
 
Companies & Industrial Sectors
TAT eager to increase domestic tourism market in H1
The Tourism Authority of Thailand (TAT) plans to spur 80 million domestic trips in the first half this year as the downward trend in new Covid infections helps rebuild local travel sentiment. (Bangkok Post, 17/05/2022) More

Vending machines the way forward
Vending machines have become a new distribution channel popular with Thai consumers as well as a novel tool for companies to launch a business as they generate good sales. (Bangkok Post, 17/05/2022) More

PTT teams up with THAI to develop cargo services
PTT is joining hands with Thai Airways International to develop cargo services, with the ultimate aim of becoming a regional logistics leader. (Bangkok Post, 13/05/2022) More

Metaverse partnership to create tradable land NFTs
The virtual world platform Metaverse Thailand has joined forces with Bitkub Blockchain Technology to create a metaverse on Bitkub Chain, with land non-fungible token (NFT) sales to be available from May 30. (Bangkok Post, 13/05/2022) More

Line Shopping targets hefty growth this year
Social commerce platform Line Shopping targets 150% growth in the number of participating shops and a rise of 200% in gross merchandise value (GMV) this year, thanks to dynamic growth activities connected to social commerce, which now accounts for 61% of total e-commerce value. (Bangkok Post, 11/05/2022) More

Food shipments to grow 5%
Thai food exports are expected to grow by 5% this year after robust growth of 26% in the first quarter, driven by the Russia-Ukraine conflict and mounting concerns about food shortages in many countries. (Bangkok Post, 09/05/2022) More

TAT keen on 20m goal
Thai tourism remains on course to reach 20 million arrivals next year as the prime minister predicted, following the easing of travel rules on May 1, according to the Tourism Authority of Thailand (TAT). (Bangkok Post, 06/05/2022) More

Exxon cancels B330bn project
US oil and gas giant Exxon Mobil Corporation has scrapped its 330-billion-baht ethylene cracker and refinery expansion project in Chon Buri, but the decision will not affect the Eastern Economic Corridor (EEC) scheme, says a source at the Industrial Estate Authority of Thailand (IEAT) who requested anonymity. (Bangkok Post, 05/05/2022) More
 
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EABC JOINT EUROPEAN NETWORKING COCKTAIL
 
Thailand & ASEAN
Thais vie to open Asean health emergency hub
Thailand is vying to be the spot chosen for the new Asean Centre for Public Health Emergencies and Emerging Diseases (ACPHEED). (Bangkok Post, 15/05/2022) More

Biden heralds 'new era' in US-Asean ties
The leaders of the United States and the Association of Southeast Asian Nations will elevate their relationship to a "comprehensive strategic partnership" later this year amid China's growing clout in the region. (Bangkok Post, 15/05/2022) More 

Financial unicorn takes flight in Asean
Ascend Money is offering more services as it aims to become a top three financial super app in the region. (Bangkok Post, 7/05/2022) More
 
Green Technology
APEC auto industry accelerates update of new technology vehicles
Members of the Asia-Pacific Economic Cooperation (APEC) are intensifying coordination to develop measures that promote the uptake of new-technology vehicles in a bid to meet climate commitments and to realise the APEC Putrajaya Vision 2040. (New Strait Times, 17/05/2022) More

OR targets green shoppers with EV chargers
PTT Oil and Retail Business (OR) plans to strengthen its electric vehicle (EV) operations by installing more charging outlets at department stores to serve diners and shoppers. (Bangkok Post, 17/05/2022) More

BBGI aims to blaze a trail in the synbio sector
BBGI Plc, the biotechnology arm of energy conglomerate Bangchak Corporation Plc, aims to be among Thailand's pioneers in the development of new products in the growing "synbio" sector. (Bangkok Post, 14/05/2022) More

Climate-smart rice farming a win-win
Sawanee Phorang, a farmer from Suphan Buri, recently changed her traditional rice farming practice by adopting laser land levelling (LLL), an innovative technology she claims has completely transformed her way of life. (Bangkok Post, 13/05/2022) More
 
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MULTI_CHAMBER ESB NETWORKING BY AMCHAM
 
Bilateral Business
Suspicions spark call to halt EEC water bids
The House Committee on Budgeting Study and Budget Administration will on Tuesday call on Prime Minister Prayut Chan-o-cha to scrap the latest bidding for the main water transmission pipeline system for the Eastern Economic Corridor (EEC), citing the transparency of the process. (Bangkok Post, 17/05/2022) More

Free trade, pandemic to head meeting agenda
Free trade and pandemic issues make up the bulk of recommendations submitted to the trade ministers' meeting held as part of the Asia-Pacific Economic Cooperation (Apec) summit. (Bangkok Post, 13/05/2022) More

New regional zones approved by panel
The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions. (Bangkok Post, 06/05/2022) More

Action urged on export ban
Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war. (Bangkok Post, 05/05/2022) More
 
Legal / HR / CSR / Education
Thai unis, private firms join hands to open AI Engineering Institute
Six leading Thai universities have agreed to cooperate with the Higher Education, Science, Research and Innovation Ministry and some private firms to open the Artificial Intelligence Engineering Institute (AIEI). (The Nation Thailand, 10/05/2022) More

Panel seeks delay of PDPA enforcement
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is calling for the postponement of full enforcement of the Personal Data Protection Act (PDPA), scheduled to come into force on June 1, because businesses are unprepared to comply. (Bangkok Post, 05/05/2022) More
 
Important update on Covid-19
Travellers will still have to wear face masks post-endemic phase in Thailand
As the number of Covid-19 cases in Thailand continues to decrease, the National Communicable Diseases Committee has started talking about post-pandemic measures or lingering preventative measure when the coronavirus is declared endemic in Thailand, including any requirement for travellers to wear face masks, according to Public Health Minister Anutin Charnvirakul. (Thaiger, 12/05/2022) More

Thailand’s Covid-19 alert decreases to Level 3
Today, the Ministry of Public Health announced that Thailand’s Covid-19 alert level has decreased from Level 4 to Level 3 nationwide. (Thaiger, 09/05/2022) More

First lot of local Covid vaccine produced
The first batch of ChulaCov19, the first messenger-RNA vaccine developed in Thailand, has been produced and is awaiting Food and Drug Administration (FDA) approval for the first two phases of human trials, a government spokesperson said on Saturday. (Bangkok Post, 07/05/2022) More

Bangkok prepares to declare Covid-19 endemic due to sharp drop in infections and deaths
Authorities in Bangkok are preparing to shift gears in their Covid-19 strategy to an ‘endemic phase’, as the Thai Public Health Ministry acknowledges a steep drop in infections and deaths. (Thaiger, 04/05/2022) More

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
GTCC News
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GTCC's 60th Anniversary: Our 60 facts #9
In 1962, six sub-committees were established by the Chamber’s Executive Committee, which included Tax and Custom Affairs, Industrial and Investment Projects, Chemical and Pharmaceutical Products, Export of Thai Products, Other Products and Affairs, and Machines, Tools, Iron and Steel.
 
Member News
Jetboard Thailand, a brand by Siam Seaplane Co. Ltd., is organizing an event on the topic of sustainable watersports
This event is the formal launch of high-end Lampuga electric surfboards in Thailand. The event will be held on 21-23 May 2022 at Koh Phangan. More

Miskawaan Health Group: Immune System for Covid-19 Talk
Can the immune system help protect you from diseases? Find out why the immune system is the new focus in the medical field on 24 May 2022 at Goethe Intstitution. 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 premium Sunday Brunch at ALATi
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Validity period: 
Now – 30 June 2022

 
Trade Fairs
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digitalBAU
31 May - 2 June 2022, Cologne

digitalBAU is the trade show for digital solutions in the construction industry. It will be held at Koelnmesse for the second time. It comprises IT applications (software, online and digital solutions) by taking the construction value chain, involved software companies, industry and startups into account. This new platform for software companies and industry was the result of a collaboration between Messe München and BVBS – Bundesverband Bausoftware and is a future-oriented format for the construction industry. More
 
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Insights-X, 5-7 October 2022, Nuremberg
Planning for the seventh Insights-X trade fair is in full swing. After a two-year ‘pandemic break’, the event organised by Spielwarenmesse eG will be back at the Nuremberg Exhibition Centre in the autumn at the ideal time for ordering. Between 5 and 7 October 2022, Insights-X – the only independent trade fair in Germany for the international stationery industry – is going live again. For the forthcoming edition, the organisers will be adding a new platform to complement the physical fair: Insights-X Digital. More
 
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SPIEL '22, 6-9 October 2022, Essen
SPIEL ’22 is the world’s largest is the world’s largest public fair for board, card and role-playing games, where games publishers from all over the world present the latest trends and developments to a broader public for the first time and visitors have the opportunity to try out and buy the new products on site. The SPIEL event hosts the award of both the annual ‘German Games Prize’ and the ‘innoSPIEL’ award for a particularly innovative games idea. More
 
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AHK pavilion at ITAP, HannoverMesse
Industrial Transformation ASIA-PACIFIC 2022, 18-20 October 2022, Singapore EXPO
 
Join AHK Pavilion organised by the Singaporean-German Chamber of Industry and Commerce (SGC) on Industrial Automation l Intra-Logistics l Digital Factory l Additive Manufacturing
 
We have an attractive offer of competitive pricing structure, stand features and strategic location of the pavilion exclusively for our members and partners to participate with AHK pavilion at the upcoming ITAP with limited stand space. For further details, please contact us at services@gtcc.orgDeadline for application is on 31st May 2022. www.industrial-transformation.com
 
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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
 
AHK network news
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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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AHK World Business Outlook Frühjahr 2022
Der AHK World Business Outlook basiert auf einer Umfrage bei den Mitgliedsunternehmen der Deutschen Auslandshandelskammern, Delegationen und Repräsentanzen (AHKs). An der Befragung im März/April 2022 haben mehr als 4.200 deutsche Unternehmen,
Niederlassungen und Tochtergesellschaften sowie Unternehmen mit engem Deutschlandbezug teilgenommen. Mehr
 
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Export Business Guide - Eigentumsvorbehalt bei Warenlieferungen ins Ausland
Die vorliegende 11. Auflage des Export Business Guide zeigt das Rechtsinstitut des Eigentumsvorbehaltes in 80 Ländern auf. Mehr
 
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Außenwirtschaftstag Hessen
Treffen Sie die AHK Thailand zum persönlichen Beratungsgespräch für Ihr individuelles Geschäftsvorhaben beim 6. Außenwirtschaftstag Hessen am 28. Juni 2022 in Frankfurt am Main. Darüber hinaus stehen Diskussionen und Fachvorträge zu aktuellen Themen des internationalen Handels sowie eine Fachmesse mit Partnern für das Auslandsgeschäft auf dem Programm. Hier anmelden.
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
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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.
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