| GTCC e-UPDATE: 21 January 2019 |
|
|
|
If you have trouble viewing this in email, please click here |
|
Upcoming GTCC Events
29.01.2019
31.01.2019
31.01.2019
15.02.2019 [SAVE THE DATE] Joint Chamber Eastern Seaboard Networking by BCCT
20.02.2019
21.02.2019 [SAVE THE DATE] GTCC Joint Chambers Luncheon: Thailand Economic Outlook 2019
21.02.2019
26.02.2019
28.03.2019 [SAVE THE DATE] GTCC Ordinary General Meeting (OGM) 2019
24.05.2019 |
 |
World Bank trims 2019 growth view The World Bank is slightly less optimistic on Thailand's economic outlook, cutting the forecast to 3.8% growth this year in line with the global economic slowdown, but maintaining its growth projection at 3.9% for next year. (Bangkok Post 17/01/2019) More
KBank says 31.50 ceiling possible for baht in Q1 The baht's value could appreciate to 31.50 against the US dollar this quarter because prevailing global financial volatility is poised to compel investors to seek refuge in new safe-haven destinations, says Kasikornbank (KBank). (Bangkok Post, 17/01/2019) More
FTA perks, GSP almost hit $69bn The use of free trade agreement (FTA) privileges and the Generalised System of Preferences (GSP) by Thai exporters topped US$68.8 billion in the first 11 months of last year, up 15.3% from the same period a year earlier. (Bangkok Post, 15/01/2019) More
Firms confident about 2019 GDP Business operators have an optimistic outlook on the country's GDP in 2019, thanks to the upcoming general election, implementation of the Eastern Economic Corridor (EEC) and the coronation ceremony for His Majesty the King. (The Bangkok Post, 11/01/2019) More
BOI recorded investment applications with a value of over 900 billion baht in 2018, 25% increased The Deputy Prime Minister of Thailand has revealed that the total amount of investment promotion application in 2018 reached 901,770 million baht, which exceeded the original target by 25%. Investment applications in the EEC accounted for more than 680,000 million baht. Largest-scale investment projects have been in the areas of petrochemical and electrical vehicle (EV) production.
Exporters see 2018 shipments falling short of goal Discouraged by the drop in exports in both October and November, an exporter group acknowledged Tuesday that the country's overall exports in 2018 were unlikely to achieve 8% growth as earlier forecast. (Bangkok Post, 09/01/2019) More
Investment applications top B902bn in 2018, exceed target Investment applications in Thailand reached a total of 902 billion baht in 2018, 43% higher than the previous year and beating a target of 720 billion baht, the Board of Investment said on Wednesday. (Bangkok Post, 09/01/2019) More
Optimism despite obstacles Thailand's economy will face a number of disruptions this year, from the US-China trade war to domestic elections, while overall economic growth is expected to marginally decrease, according to a panel of government officials and a banker. (Bangkok Post, 08/01/2019) More |
 |
| Companies & Industrial Sectors |
|
|
ETDA plans digital workforce The Electronic Transactions Development Agency (ETDA) aims to attract 1 million teenagers to join the e-commerce workforce and 200,000 micro-SMEs to go online this year to boost the online economy. (Bangkok Post, 17/01/2019) More
Thailand's digital advertising poised for growth Digital advertising in the country this year should reach 124 billion baht, marking growth of 4.8%, thanks to consumer sentiment rebounding, the upcoming general election, government stimulus and fast online media growth, says a marketing and media network. (Bangkok Post, 16/01/2019) More
Industry 4.0 set to add $50bn in productivity Thailand's manufacturing sector could see incremental growth of US$50 billion in productivity gains over the next decade by embracing Industry 4.0 technologies, according to a study by Cisco and A.T. Kearney. (Bangkok Post, 15/01/2019) More
Franchise ventures see rapid growth Thailand's franchising business is thriving, with more than 50 food and services chains planning to explore opportunities in Thailand this year, says a franchise consultancy. (Bangkok Post, 15/01/2019) More
Automakers brace for sharp slowdown in growth this year Major car brands are bracing for multiple challenges in 2019 after basking in the success of a 20-per-cent year-on-year growth in 2018. (The Nation, 15/01/2019) More
Green World sees sales of B1bn for robotics system Green World Media Co, the organiser of industrial showcases, forecasts sales of robotics and automation systems will reach 1 billion baht in 2019 because of the growing trend of high-tech adoption in the country’s manufacturing sector. (Bangkok Post, 09/01/2019) More
Retail flees SET for futures market The retail investor portion of the Stock Exchange of Thailand (SET) was reduced to around 37.2% at year-end 2018 as investors switched from stock trades to investment in single stock futures and other derivatives on the Thailand Futures Exchange (TFEX). (Bangkok Post, 08/01/2019) More |
 |
Thai-Chinese high-speed rail opened up to foreign finance The government has allowed the Thai-Chinese high-speed railway planned from Bangkok to Nong Khaito secure funding overseas financial institutions, instead of form only domestic ones as earlier stipulated. (Bangkok Post, 17/01/2019) More
Best Inc allots B5bn for Thai expansion Chinese logistics and delivery company Best Inc Thailand has budgeted 5 billion baht to invest in Thailand during 2018-20 as it seeks to enter the red ocean industry of parcel delivery services in Southeast Asia. (Bangkok Post, 14/01/2019) More
Alibaba, WHA make plans for e-commerce project Chinese e-commerce giant Alibaba Group and WHA Corporation Plc expect to announce a joint investment plan some time this year. (Bangkok Post, 14/01/2019) More
ASEAN economic meeting to focus on 12 top issues As chair of ASEAN this year, Thailand is set to host the first senior economic official meeting (Seom) during Jan 12-18 in Bangkok, highlighting 12 key economic issues as top priorities. (Bangkok Post, 08/01/2019) More |
 |
Nissan eyes Thai base as second hub for EV exports Nissan is studying the possibilities of exporting electric vehicles from Thailand, serving as an additional EV production base to Japan. (The Nation, 18/01/2019) More
Mazda applies for incentives to produce full EVs After being granted investment privileges for manufacturing hybrid electric vehicles (EVs), Mazda Motor Corporation has decided to apply for production of full EVs in Thailand. (Bangkok Post, 16/01/2019) More
Solar panel surplus sales from 2021 The Energy Ministry will allow solar panel owners to sell surplus electricity in communities from 2021, in line with the new national energy reform plan. (Bangkok Post, 15/01/2019) More
PTTGC studying biodegradable polyester for line-up PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical maker, is conducting R&D to produce bioplastic polylactic acid (PLA) to add new commercial products to its roster soon. (Bangkok Post, 14/01/2019) More
Honda shies from all-electric option Thailand is unready for 100% electric motorcycles because regulations for lithium-ion battery recycling are insufficient to promote eco-friendlier motorbikes, says a key Honda official. (Bangkok Post, 14/01/2019) More
BoI told to revise bioeconomy plans The Industry Ministry is calling for the Board of Investment (BoI) to revise privileges and incentives to attract new investment flows for the bioeconomy project. (Bangkok Post, 12/01/2019) More
Excise Department readies low tax for EVs The Excise Department is poised to impose a low tax on mild hybrid cars to promote manufacturing of electric vehicles (EVs) in Thailand, says the head of the department. (The Bangkok Post, 11/01/2019) More |
Electric and autonomous vehicles: can Daimler and others stay ahead? Daimler and other traditional automotive stocks are accelerating their move toward electric and autonomous vehicles. But can they survive the threat from new tech rivals like Alphabet and Tesla? (IG Bank, 21/01/2019) More
India to be top focus market for Allianz’ private credit business Fresh from launching its private credit business for Asia, Allianz is looking to focus on the Indian market, said Allianz Investment Management CEO and chief investment officer for Asia, Ritu Arora. (Deal street Asia, 20/01/2019) More
E-Commerce Giant Signa Sports United Goes Asia BERLIN, Germany – Signa Sports United expands its reach to Asia. One of Europe’s leading online sports, outdoor and bicycle platforms enters into a strategic partnership with Aeon Co. from Japan and Central Group from Thailand. According to Signa, both are “Asia’s largest retailers”. (BIKE Europe, 10/01/2019) More |
 |
Ministry targets factories The Industry Ministry has ordered all agencies under its umbrella to set stricter measures governing factories producing high levels of fine dust in Bangkok, and it plans to take legal action against any that exceed established pollution limits. (Bangkok Post, 16/01/2019) More
Steel protections ruled out after probe The government on Monday ruled out extending safeguard measures on imported hot-rolled steel sheet with allow both in coils and not in coils after a probe found no injury to the domestic steel industry. (The Bangkok Post, 11/01/2019) More
Medical supplies, services, drugs now under price control The government on Wednesday added medicine, medical supplies and medical services to its price control lists to ensure fairness for both patients and operators of private hospitals, the commerce minister said. (The Bangkok Post, 10/01/2019) More
E-business levy draft bill stuck in limbo A draft bill on e-business tax, a levy on foreign-based online platform operators earning income in Thailand, is at risk of not being vetted by lawmakers before the government leaves office. (Bangkok Post, 09/01/2019) More |
 |
BMW marks seventh year of vocational training BMW Group Thailand has marked the seventh year of its BMW Service Apprentice Programme with a certificate presentation ceremony for 13 vocational students from Kanchanapisek Mahanakorn Technical College, Bangkaewfa Industrial and Community Education College and Chumphae Technical College. (The Nation, 10/01/2019) More |
|
Featured: Thailand promoting robots and automation for industry; Interview: Martin Wenzel, KUKA Robotics (Thailand/ASEAN); Preparing for industrial robots: The vital role of the education sector; Robotics market in Thailand; GTCC Oktoberfest 2018; and GTCC Family Christmas Party 2018 // Business Brief // Chamber Activities // GTDEE Insights // Trade Fairs // Members' Corner |
Bei Otto Restaurant offers 10% discount on food and beverage for members only at Bei Otto Restaurant. Validity: Now - December 2019 |
GTCC HANNOVER MESSE Delegation Trip Date: 30 March - 7 April 2019
Secure your seat pls contact us, tel: 02 055 0600 ---------- |
Adhesives - Sealants - Construction Chemicals Date: 19-21 March 2019 Location: Exhibition Centre Nuremberg
Register your visitor ticket by clicking HERE. ---------- |
Business festival for innovation and digital technology Date: 25-27 June 2019 Location: Skolkovo Technopark
Register your visitor ticket today by clicking HERE. |
Media Partners for EMO Hannover 2019 |
German trade fairs remain on course: Further increase in exhibitor numbers
Exhibitions in Germany held their ground in 2018 with solid results despite difficult overall economic conditions. The year’s 178 international and national fairs had an average of 1.5% more exhibitors and around 1% more stand space than their respective previous events. Visitor numbers were just about half a per cent below previous levels. These figures are results of a preliminary analysis by AUMA, the Association of the German Trade Fair Industry. More |
Chadaphan Maliphan
Publication and Communication Manager Tel: +66 2 055 0623 |
|
|
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. |
|
|
