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13 June 2022
 
Upcoming events
15/06/2022

15/06/2022

17/06/2022

17/06/2022

23/06/2022

07/07/2022
[Save the date] GTCC YP Network Evening 2/2022 @ Sindhorn Kempinski Hotel Bangkok

15/07/2022
[Save the date] Multi-Chamber Eastern Seaboard Networking by AustCham

19/07/2022
[Save the date] GTCC Monthly Content Event with Luther

20/07/2022
[Save the date] GTCC Business Women Networking 2/2022

For more events, please click HERE
 
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MAZARS IN THAILAND
 
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GTCC STAMMTISCH BANGKOK @SIXTYFOUR
 
Economy
Bracing for the inevitable
Research houses are unanimous in predicting the Bank of Thailand will hike rates, but businesses are pushing for an easy, gradual approach. (Bangkok Post, 13/06/2022) More

Headline inflation in May hits 13-year high
Thailand's headline inflation, gauged by the consumer price index (CPI), hit a 13-year high in May, largely attributed to the rise in energy and food prices. (Bangkok Post, 07/06/2022) More

Labour pact allows 160k migrants in
More than 160,000 migrant workers will be brought into Thailand without requiring quarantine courtesy of a newly signed memorandum of understanding (MoU) in a bid to stem illegal border crossers searching for employment, according to the Labour Ministry. (Bangkok Post, 04/06/2022) More

Manufacturing expands for 5th month in a row
Thai manufacturing grew for the fifth consecutive month in May despite a fall in demand, with safety stock building one of the key factors driving the expansion. (Bangkok Post, 03/06/2022) More

April arrivals bring more signs of continued revival
The Thai economy in April showed signs of improvement in all areas, particularly the tourism sector, supported by the relaxation of travel restrictions. (Bangkok Post, 01/06/2022) More

Exports, tourism help fire up expansion in April
The growth of exports, tourism and the agricultural sector supported the country's economic expansion in April, according to the Fiscal Policy Office (FPO). (Bangkok Post, 31/05/2022) More
 
Economic Factsheet
UPDATE Magazine
Transfer pricing services
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GTAI
Coronapandemie hat Thailands Stärken und Schwächen offengelegt
Ein leistungsfähiges Gesundheitswesen und die industrielle Basis zählen zu den Stärken. Einige Branchen drohen aber, den Anschluss zu verlieren. Das Land benötigt Innovationen. (GTAI, 10/06/2022) More

Megamarkt für Bahntechnik
Thailand setzt mehrere Fern- und Nahverkehrsprojekte auf die Schiene. Bahnfirmen aus aller Welt rechnen sich Chancen aus. Deutschland hat schon ein Netzwerk mit lokalen Partnern. (GTAI, 07/06/2022) More

Japan und Thailand bauen smarte Zukunftspartnerschaft
In Thailand ist Japan der größte ausländische Investor. Grüne und digitale Projekte sollen das Image des Landes weiter verbessern. Doch im Auslandsbau gab es Rückschläge. (GTAI, 07/06/2022) More

Thailand investiert in Maßnahmen für Klimaschutz
Deutschland unterstützt das Königreich bei der Formulierung seiner Klimapolitik. Eine Expertin steckt mittendrin und erklärt Details. (GTAI, 31/05/2022) More

Wirtschaftsdaten kompakt – Thailand
Die Reihe "Wirtschaftsdaten kompakt" wird zweimal jährlich im Mai und November aktualisiert. Folgende Indikatoren sind unter anderem enthalten: Einwohner, Bevölkerungsdichte, Währung, Wechselkurs, Bruttoinlandsprodukt, BIP je Einwohner, BIP-Wachstum, Inflationsrate, Durchschnittslohn, Arbeitslosigkeit, Haushaltssaldo, Außenhandel, wichtigste Ein- und Ausfuhrgüter, wichtigste Handelspartner, ausländische Direktinvestitionen, Länderbonität, Devisenreserven, Außenhandel mit der EU und Deutschland, wichtigste deutsche Ein- und Ausfuhrgüter. (GTAI, 31/05/2022) More
 
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HÄFELE (THAILAND)
 
Companies & Industrial Sectors
AIS pairs with ZTE on 5G, digital economy
Advanced Info Service (AIS) has signed an agreement for comprehensive cooperation with Chinese information solutions company ZTE. (Bangkok Post, 13/06/2022) More

Tourism to get B100m 'booster shot'
The Tourism Authority of Thailand (TAT) has drawn up a budget of more than 100 million baht to revive the battered travel sector and will propose it to the Centre for Economic Situation Administration for approval. (Bangkok Post, 10/06/2022) More
 
Railway market back on track post-pandemic
A train bell rouses a Thai grandmother dozing in her fruit and flower stall, sending her rushing to fold in her awning before the locomotive slowly rumbles past, so close it almost touches her wares. (Bangkok Post, 08/06/2022) More

NIA unveils novel strategy
The National Innovation Agency (NIA) is gearing up efforts to build Thailand's position as an innovation nation through a seven-pronged strategic plan, aiming to raise the country's ranking in the Global Innovation Index to the top 30 by 2030. (Bangkok Post, 06/06/2022) More

Thailand to get its first crypto mine next year
Mining Pro Co Ltd, the operator of a cryptocurrency mining platform and seller/renter of mining rigs, is spending 170 million baht to set up Thailand’s first cryptocurrency mine in Bangkok. (The Nation Thailand, 03/06/2022) More

MRTA hires Purple Line consultants
The Mass Rapid Transit Authority (MRTA) on Wednesday signed contracts hiring consultants to advise it on the management and construction of the 2.61 billion-baht southern extension of Bangkok's Purple Line, expected to be finished in the next five years. (Bangkok Post, 02/06/2022) More

Diesel feeder trains link to more lines
The State Railway of Thailand (SRT) will start operating diesel rail services on the Southern Line from Wednesday to serve as a feeder service for the Red Line suburban railway system and the MRT's Blue Line. (Bangkok Post, 01/06/2022) More

Pink spur line 'will benefit commuters'
The Mass Rapid Transit Authority (MRTA) is rejecting claims that the plan to construct a spur line on the Pink Line electric train network is meant to benefit the private sector. (Bangkok Post, 31/05/2022) More
 
Thailand & ASEAN
Thai exports to Asean up 17% in first four months
The value of Thai exports to Asean rose 17 per cent in the first four months from the same period last year, the Trade Negotiations Department reported on Sunday. (The Nation Thailand, 12/06/2022) More

Singapore hails Thailand a leading digital nation in ASEAN
Thailand will sign a digital partnership agreement with Singapore. (Thaiger, 07/06/2022) More

Prayut, Lao PM agree to partnership
Thailand and Laos have signed a memorandum of understanding (MoU) on the forming of a strategic partnership that includes wide-ranging economic and infrastructure development cooperation agreements. (Bangkok Post, 02/06/2022) More
 
Green Technology
Several hurdles remain for local EV market
The state passed an incentive package for electric cars, but high prices and lack of charging infrastructure hinder buyers. (13/06/2022) More

Inside Thailand’s EV Revolution
By end of 2022, a fully-electric Mercedes-EQS will roll off a production line in Bangkok to mark another milestone in Thailand’s remarkable journey from conventional automaking hub to regional frontrunner in electric vehicle (EV) production. (Bangkok Post, 07/06/2022) More

Green public transport seen as key to tackling climate change
Soaring gas prices coupled with high carbon emissions from vehicles mean efforts to foster a reliable and environmentally friendly mode of public transport are key to helping Bangkok achieve its green ambitions, says Katrin Luger, the managing director of Alstom Thailand. (Bangkok Post, 07/06/2022) More

First lot of modified e-buses delivered to BMTA by NSTDA
The first lot of four vehicles under City Transit E-Buses project have been delivered to Bangkok Mass Transit Authority (BMTA) on Tuesday (May 31) at BMTA head office in Bangkok’s Huay Kwang district. (The Nation Thailand, 01/06/2022) More

Group seeks foreign funding for EVs
The Thailand Automotive Institute (TAI) vows to draw more foreign investment in electric vehicles (EVs) through a plan to build a test track for battery EVs, along with its 1.7-billion-baht project on the second-phase development of an automotive test track. (Bangkok Post, 01/06/2022) More
 
Bilateral Business
Foreign firms still keen on Thailand
Foreign firms operating in Southeast Asia are demonstrating a high level of confidence as they look to expand their footprint in a market of some 640 million people, says HSBC. (Bangkok Post, 10/06/2022) More

Exim Bank allots B5bn for SME loans
Export-Import Bank of Thailand (Exim Bank) has set aside 5 billion baht for soft loans to help small and medium-sized enterprises (SMEs) export their products. (Bangkok Post, 07/06/2022) More

Bayern Munich open club offices in Bangkok
Bundesliga champions Bayern Munich announced Wednesday the opening of club offices in Bangkok, their third location outside Germany. (Bangkok Post, 01/06/2022) More
 
Legal / HR / CSR / Education
New tax law could provide spark to Thailand’s global EV hub dream
A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream. (Thaiger, 08/06/2022) More

Task force to tackle scammers who exploit new data protection law
The telecoms regulator and police are launching a task force to combat scams related to Thailand’s new Personal Data Protection Act (PDPA), which comes into effect on Wednesday (June 1). (The Nation, 31/05/2022) More
 
Important update on Covid-19
Japan agrees B13bn loan
The Royal Gazette has published the Finance Ministry's announcement involving a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency (Jica) to bolster the nation's Covid-19 emergency response. (11/06/2022) More

Govt ready to scrap last of pandemic-era curbs on tourists
The government plans to end mandatory pre-travel registration for foreigners, rolling back the last of the pandemic-era curbs and betting on global visitors to power the economic recovery. (Bangkok Post, 09/06/2022) More

Bangkok’s governor says officials will discuss easing outdoor mask requirement
After the confusing mask policy flip-flop in Phuket, Bangkok’s new governor Chadchart Sittipunt has announced plans to discuss easing mask requirements in Thailand’s capital. (Thaiger, 04/06/2022) More

“Cases could reach 10,000 a day again”. Thai Public Health Minister.
Thailand’s party-pooper-in-chief, Public Health Minister Anutin Charnvirakul, has made another spurious claim to Thailand’s media. He’s predicted that Thailand’s Covid infections could soar to 10,000, a day, now that Thailand’s nightlife has ‘officially’ reopened. (Thaiger, 04/06/2022) More

CAAT tells airlines to adopt new travel screening rules
The Civil Aviation Authority of Thailand (CAAT) has issued a notice to airlines, asking them to screen passengers travelling to Thailand in line with the latest relaxation of entry rules effective on Wednesday. (Bangkok Post, 01/06/2022) More

Thailand’s entry requirements from 1 June 2022
Further easing of measures for vaccinated and unvaccinated travellers from around the world. (TAT, 01/06/2022) 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 #11
Six days after the chamber’s first official meeting on 19 July 1962, the first meeting of the chamber’s Board of Directors was held on 25 July, with the election of President Mr. Charoon Sibunruang (1962-1972) and Vice President Mr. Hans Jürgen Gosch.

Twenty days later (14 August), the Chamber submitted a formal application to the Association of German Chambers of Industry and Commerce (DIHT) for official recognition.

Six months later (23 January 1963) the DIHT officially acknowledged the Thai-German Chamber of Commerce.
 
Member News
Baker McKenzie Thailand and TGO collaboration to promote implementation of climate action in Thailand
Baker McKenzie Thailand signed a Memorandum of Understanding (MoU) with TGO on 11 April 2022 with the aim to collaborate on building an enabling legal environment to promote implementation of climate action in Thailand. More

Allianz Ayudhya launches “My Health Plus Double Care”
Allianz Ayudhya Assurance Public Company Limited introduces its latest health plan to help Thais coping with increased medical costs, My Health Plus Double Care, a pay-as-charge health plan with increased coverage up to 60 MB.  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: 
Industrial Grade 3D Printed Parts at material costs
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Validity period: 
Now – 30 June 2022

 
Trade Fairs
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IFA Berlin
2-6 September 2022, Berlin
IFA Berlin, the world’s most important trade show for consumer electronics and household appliances, is making a large-scale and real-life return this year with a record number of new products being unveiled. Brands, manufacturers and retailers alike are queuing up to come to Berlin – media, games, communication, photo & video, audio entertainment, home entertainment, smart home, smart appliances and so much more. 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
Since June 1, all WHO-approved vaccines have been accepted in Germany. Trade show participants from outside the EU can enter Germany with two vaccines no older than 270 days from Pfizer/BioNTech, Moderna, Oxford/AstraZeneca, Johnson&Johnson, Novavax, Sinopharm, Sinovac, Covaxin or Convidecia. 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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