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11 July 2022
 
Upcoming events
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GTCC EXECUTIVE BREAKFAST TALK
 
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MAZARS IN THAILAND
 
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SWISS NEW PREMIUM ECONOMY
 
Economy
Ministry unveils discount packaged rice measure
The Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living. (Bangkok Post, 08/07/2022) More

Thai June inflation hits 14-year high as rate hike looms
Thailand's headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of a rate hike as early as next month, as the commerce ministry warned price pressures will extend into the third quarter. (Reuters, 05/07/2022) More

Domestic market to reach a peak in Q3
Domestic tourism is expected to record the highest level of travel sentiment in the third quarter since the pandemic thanks to a shift towards an endemic approach and several long holidays, according to the Tourism Council of Thailand (TCT). (Bangkok Post, 05/07/2022) More

Economic worries trump Covid
The highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward. (Bangkok Post, 04/07/2022) More

Lack of flights, rising fuel costs mar revival
Insufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT). (Bangkok Post, 04/07/2022) More

Made-to-order food price hikes below inflation – just
The average price of made-to-order food per dish rose by 3.66 baht or 6.7% in May, according to a year-on-year comparison by Line Man Wongnai, operator of a popular food delivery platform. (Bangkok Post, 02/07/2022) More

Employers back wage hike
The Employers' Confederation of Thai Trade and Industry (EconThai) has come out in support of a daily minimum wage hike if the increase is appropriate based on current inflation. (Bangkok Post, 02/07/2022) More

BoT demonstrates economic gains despite inflation spike
Thailand's economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand. (Bangkok Post, 01/07/2022) More

TNSC sticks with export growth projection of 5-8%
Thai exports are projected to eke out growth this year as expected, despite emerging signs of an economic slowdown in the US and EU. (Bangkok Post, 28/06/2022) More
 
Economic Factsheet
UPDATE Magazine
Mazars in Thailand: Legal brochure
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GTAI
Gesetze in Thailand
Wir unterstützen Sie bei Ihrer Suche nach thailändischen Gesetzen und Rechtsnormen. (GTAI, 24/06/2022) More

Einschränkungen im Personen- und Warenverkehr
Thailand hebt die Einreisebeschränkungen zum 1. Juli 2022 auf. Die Regierung kann die Einreisebestimmungen wie auch die Vorschriften im Inland bei Bedarf jederzeit verschärfen. (GTAI, 21/06/2022) More
 
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GTCC BUSINESS WOMEN NETWORKING
 
Companies & Industrial Sectors
Airport to lift capacity by 15m people
The blueprint of the East Expansion project to enlarge the eastern section of Suvarnabhumi airport's main terminal will be adjusted to increase the handling capacity of the country's main gateway by 15 million passengers a year in three years, says the Transport Ministry. (Bangkok Post, 08/07/2022) More

BMTA to hire firms to run E-bus fleet
The Bangkok Mass Transit Authority (BMTA) will hire private firms to operate 224 electric buses in order to boost capacity so it can serve up to one million passengers per day.(Bangkok Post, 06/07/2022) More

Kohl's Scraps Talks for Sale to Franchise Group
Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making. (Bangkok Post, 04/07/2022) More

AIS to acquire stakes in two internet service providers
Advanced Info Service Plc (AIS) has announced its decision to acquire Triple T Broadband Plc (TTTBB) and invest in the Jasmine Broadband Internet Infrastructure Fund (JASIF) for a total of 32.4 billion baht, to expand its internet service offering in Thailand, especially in upcountry provinces. (Thai PBS, 04/07/2022) More

MQDC looks to innovation and R&D
Property developer Magnolia Quality Development Corporation Ltd (MQDC) intends to focus on innovation and R&D for future developments, which will be mainly theme and mixed-use projects. (Bangkok Post, 04/07/2022) More

Banpu completes Texas gas field acquisition
The SET-listed energy company Banpu Plc says it has completed the acquisition of natural gas and midstream assets in a shale field in the US state of Texas from two subsidiaries of Exxon Mobil Corporation. (Bangkok Post, 02/07/2022) More

Yellow and Pink lines to begin trial runs this year
The Yellow and Pink monorail lines are expected to begin trial runs in October, with partial operations to start early next year, according to Transport Minister Saksayam Chidchob. (Bangkok Post, 01/07/2022) More

PayPal Thailand back this year for those with Thai ID Cards
PayPal announced its service will be up and fully operational in Thailand this year under its registered company name PayPal Thailand. (Thaiger, 30/06/2022) More

Outrage at Green Line fare
City Hall plans to charge a fare of up to 59 baht for the BTS Skytrain Green Line electric rail service, drawing criticism from a consumer protection group which says the fare should not exceed 44 baht. (Bangkok Post, 29/06/2022) More
 
Thailand & ASEAN
Creating Asean's interconnected energy future
A comprehensive interconnection of Southeast Asia's power grid has been a long-held dream, first emerging into serious discourse in the 1980s. (Bangkok Post, 04/07/2022) More

3M to exit Neoplast, Neobun brands in Southeast Asia
Industrial conglomerate 3M Co (MMM.N) said on Friday it will exit its Neoplast and Neobun brands in Thailand and some other Southeast Asian countries, and sell manufacturing assets at its Ladlumkaew plant, as part of its strategic portfolio management. (Reuters, 01/07/2022) More
 
Green Technology
Saudi investors eye EV prospects during EEC visit
Saudi Arabia has become the latest country to show an interest in the Eastern Economic Corridor (EEC), with prospective investors looking in particular at five key industrial areas, notably electric vehicles (EVs), during a tour of the zone. (Bangkok Post, 06/07/2022) More

Creating Asean's interconnected energy future
A comprehensive interconnection of Southeast Asia's power grid has been a long-held dream, first emerging into serious discourse in the 1980s. (Bangkok Post, 04/07/2022) More
 
How to grow a greener city
On Aug 12, Bangkokians will officially get a new landmark, though this time -- thankfully -- it won't be a shopping complex. (Bangkok Post, 03/07/2022) More
 
Bilateral Business
Thailand commences FTA talks with Efta
Thailand has kicked off the first round of free-trade agreement (FTA) talks with the European Free Trade Association (Efta), in the hope that a deal could be reached within two years. (Bangkok Post, 05/07/2022) More

Thailand-France business investment discussed in PM meeting
PM Prayut Chan-o-cha recently met with MEDEF International, the largest employer federation in France, to discuss future partnerships with Thailand. (Thaiger, 04/07/2022) More

Export gain could beat state target
Export growth is expected to beat the government forecast of 4-5% expansion this year after a strong performance in the first five months of 2022, according to Commerce Minister Jurin Laksanawisit. (Bangkok Post, 02/07/2022) More

Thailand agrees $9.6 billion investment in industrial east over 5 years
Thailand approved on Tuesday a five-year investment of about 338 billion baht ($9.64 billion) in its industrial east from 2023, a government official said, part of efforts to boost the country's long-term growth. (CAN, 28/06/2022) More
 
Legal / HR / CSR / Education
Controversial fuel windfall tax facing delay
The government's controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company. (Bangkok Post, 01/07/2022) More

Land and building tax payment extended by 3 months
The land and building tax payment schedule has been extended by 3 months to assist residents and business owners to navigate through difficult financial waters. The end of April deadline has been relaxed until the end of July. (Thaiger, 29/06/2022) More
 
Important update on Covid-19
Ministry to propose Covid isolation be reduced to 5 days
The Public Health Ministry will recommend that Covid-19 patients be allowed out after five days of quarantine. (Bangkok Post, 05/07/2022) More

Reopening spike 'no surprise'
The number of new Covid-19 infections has picked up and is expected to continue rising in the next 10 weeks particularly in Bangkok and other provinces which are expecting an influx of tourists, health authorities warned on Monday. (Bangkok Post, 05/07/2022) More

Subvariants set to become dominant
The Centre for Medical Genomics (CMG) at Ramathibodi Hospital has predicted the more transmissible BA.4 and BA.5 Omicron subvariants are likely to become dominant strains in Thailand next month. (Bangkok Post, 03/07/2022) More

Full reopening jump-starts foreign tourism
Thailand fully reopened to foreign visitors on Friday when entry restrictions, particularly the Thailand Pass regis­tration requirement, were eased further. (Bangkok Post, 02/07/2022) 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 #13
Among GTCC’s 57 founding member companies in 1962, seven members have been our members until now:
  • B.Grimm & Co. Limited
  • Lufthansa German Airlines
  • Rieckermann (Thailand) Co., Ltd
  • United Flour Mill Public Co., Ltd
  • Wu Tung Pak & Co., Ltd
  • ALUCON Public Company Limited
  • Bayer Thai Co., Ltd.
 
Member News
Schaeffler Thailand expands Schaeffler TruPower product portfolio
Schaeffler Thailand introduces a new range of high-quality vehicle maintenance products under the “Schaeffler TruPower” brand. The new products include reliable and durable passenger car batteries for all passenger car types. More

Government and Business Stakeholders Meet to Discuss the Benefits of Seaplanes to Thailand
On 13 June 2022, key stakeholders from the government and business community met at Swissôtel Bangkok Ratchada for a seminar to discuss the benefits of seaplanes to Thailand. The seminar was hosted by Siam Seaplane Co., Ltd., Thailand’s first high-standard seaplane service looking to launch its operations within 2022. 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: 
25% off on Sunday Jazzy Brunch (food only)
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Trade Fairs
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The ITAP Voice of the Market: Thailand Digital Roadshow
19 July 2022, 10:00-12:00 h. via ZOOM
This online Roadshow is designed to highlight the latest trends and development in Thailand's Automation Industry. Key discussions will focus on the realization of the BCG model, and it necessitates breakthroughs in innovation, manufacturing techniques, automation, and robotics. The aim of the Forum is to also encourage Thailand’s manufacturing ecosystem and its stakeholders to adopt Industry 4.0 and ultimately spur their interest and participation at ITAP2022 through interactions and interest fostered at this Forum.
 
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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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drinktec
12-16 September 2022, Munich
drinktec in Munich is the world's leading exhibition for the beverage and liquid food industry. Manufacturers showcase their latest technologies and system solutions for the entire process chain from raw materials and manufacturing, filling and packaging of all kinds of beverage and liquid food – including raw materials and logistics solutions. The themes of beverage marketing and packaging design round out the portfolio. More
 
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Corona pandemic and trade fairs
Since June 11, 2022, COVID-19 related entry restrictions to Germany are lifted. A proof of vaccination, proof of convalescence, proof of testing or proof of trade fair participation is no longer required to enter Germany. Citizens from countries with visa requirement who travel to Germany to visit a trade fair or exhibit need a business visa. Employees of exhibiting companies are exempt from the visa fee. 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
 
Other news
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APK 2022
The Asia-Pacific Conference of German Business (APK 2022) aims to provide a platform to deepen the dialogue on current economic developments in Europe and the Asia-Pacific region as well as to build and strengthen personal and economic ties.The 17th APK will take place in Singapore from 13–14 November 2022 and be co-chaired by the APA-Chairman, President and CEO of Siemens AG Roland Busch and the Vice Chancellor and Federal Minister for Economic Affairs and Climate Action Robert Habeck. More
 
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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