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8 August 2022
 
Upcoming events
11/08/2022

16/08/2022

17/08/2022

19/08/2022

19/08/2022

25/08/2022

30/08/2022
[Save the date] GTCC Monthly Content Event 7/2022 with L&P

07/09/2022

07/09/2022
[Save the date] GTCC YP Network Evening 3/2022

13/09/2022
GTCC connects 2/2022: Welcome Back
For more events, please click HERE
 
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MAZARS IN THAILAND
 
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GTCC CONNECTS WELCOME BACK
 
Economy
Business sector preps Apec proposals
Key business people are preparing to propose five-point recommendations, including the long-delayed Free Trade Area of the Asia-Pacific (FTAAP), which is part of regional economic recovery plans, to 21 leaders of the Asia-Pacific Economic Cooperation (APEC). (Bangkok Post, 05/08/2022) More

Shippers' group poised to revise up forecast for export growth
The national shippers' group looks set to raise its export growth forecast next month after the country registered a robust export growth of 12.7% in the first half, boosted by rising global food demand, higher prices, and the baht's weakness. (Bangkok Post, 03/08/2022) More

Taking a deep dive into the baht rebound
The currency of Southeast Asia's second-largest economy traded against the greenback at 36.08 on Monday, appreciating 1.4% compared to a week prior. (Bangkok Post, 03/08/2022) More

Prayut cancels planned power tariff hike
A new higher power tariff is to be postponed following an intervention by Prime Minister Prayut Chan-o-cha to curb rising living costs, says a source at the Energy Ministry. (Bangkok Post, 02/08/2022) More

Fighting Thailand's energy price wars
State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February. (Bangkok Post, 01/08/2022) More

Minimum wage rises of 5-8% tipped
A new hike in minimum daily wages of between 5% and 8% is expected in September, since the rates have remained unchanged for over two years, according to the Ministry of Labour and an association of employers. (Bangkok Post, 28/07/2022) More

Labour market rocky amid slow recovery
Only less than half of businesses surveyed by the Employers' Confederation of Thai Trade and Industry (EconThai) managed to maintain their employment as the local labour situation is expected to slowly improve amid economic challenges in the second half of this year. (Bangkok Post, 27/07/2022) More

Finance Ministry keeps 2022 growth outlook at 3.5%, sees 4% in 2023
The Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation. (Bangkok Post, 26/07/2022) More
 
Economic Factsheet
UPDATE Magazine
Mazars in Thailand: Tax brochure
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GTAI
Gute Geschäfte mit Augenoptik
Die Alterung der Bevölkerung und Modetrends treiben in Thailand die Nachfrage nach Augenoptik. Die lokale Produktion von Brillengläsern legt zu. (GTAI, 25/07/2022) Mehr

Thailand - Muss mehr für den Klimaschutz tun
Die Maßnahmen zum Schutz des Klimas sind noch dürftig. Regierung und Wirtschaft kündigen ambitionierte Pläne und Projekte an. Ausländische Expertise ist gefragt. (GTAI, 17/07/2022) Mehr

Gesetze in Thailand
Wir unterstützen Sie bei Ihrer Suche nach thailändischen Gesetzen und Rechtsnormen. (GTAI, 24/06/2022) Mehr

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) Mehr
 
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GTCC OPEN FORUM
 
Companies & Industrial Sectors
Land prices in Bangkok keep slowing
Prices of vacant land in Greater Bangkok are growing at a slower pace due to the sluggish economy and the full collection of the land and building tax, which started this year. (Bangkok Post, 04/08/2022) More

Microsoft launches local innovation drive
Microsoft has set an ambitious mission to encourage local firms to bring out innovation and creativity, under the "Born in Thailand" concept, a shift from "Made in Thailand", while supporting them with advanced tech and pursuing digital upskilling and reskilling. (Bangkok Post, 03/08/2022) More

Thailand has 3.12m foreign tourist arrivals Jan-July: govt
Thailand recorded 3.12 million foreign tourist arrivals from Jan 1 to July 26, a government spokesman said on Tuesday, as the vital tourism sector picks up following an easing of pandemic restrictions. (Bangkok Post, 02/08/2022) More

SCG profits plunge 41%
Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, saw its profits plunge by 41% year-on-year to 18.7 billion baht in the first half of 2022, mainly due to the impact of the Russian invasion of Ukraine. (Bangkok Post, 30/07/2022) More

AoT believes industry 'on the mend'
The aviation industry is making a recovery from the impact of the Covid-19 and Airports of Thailand (AoT) expects to see a full recovery in passenger traffic to pre-pandemic levels by the end of 2024. (Bangkok Post, 26/07/2022) More
 
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GTCC MEMBERS EXCLUSIVE SITE VISIT
 
Thailand & ASEAN
KBank unveils Vietnamese expansion plan
Kasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. (Bangkok Post, 05/08/2022) More

TNSC recommends exporters refocus on regional markets
Thai exporters have been warned to brace for the impact of China's economic uncertainties in the second half of the year. (Bangkok Post, 02/08/2022) More

Empowering SMEs
Small businesses in Southeast Asia need a more supportive environment to help them bounce back from the pandemic and contribute to economic revival. (Bangkok Post, 01/08/2022) More

Bangkok Airways flights resume to Da Nang, Siem Reap, Yangon
Flight traffic is growing in the post-pandemic era, and Bangkok Airways has announced the resumption of flights to nearby destinations Vietnam, Cambodia, and Myanmar. (Thaiger, 28/07/2022) More
 
Green Technology
Govt calls up climate pledges
The environment minister has called on international agencies and countries that promised to help Thailand achieve its targets on greenhouse gas emissions to take immediate action and fulfil their pledges.  (Bangkok Post, 07/08/2022) More

BGRIM, EDL-Gen ink development deal
B.Grimm Power Plc (BGRIM) and EDL-Generation Public Co (EDL-Gen) of Laos have signed an agreement to collaborate on wide-ranging power-related ventures and meet Asean's clean energy demands. (Bangkok Post, 05/08/2022) More
 
Bilateral Business
Thailand launches new 10-year visa to attract foreign experts
Thailand next month is launching a new 10-year visa to attract foreign experts to the country to boost industry and commerce. (Thaiger, 04/08/2022) More

Thailand adds incentives to attract EV investment
The Thai government has announced additional incentives to promote sales of electric vehicles (EVs) in the country, as it wants to establish a global manufacturing hub for such vehicles. (Just Auto, 28/07/2022) More
 
Legal / HR / CSR / Education
BMA to levy taxes in full
City Hall is planning to fully collect land and building taxes on land used for agricultural purposes after landlords and property owners allegedly exploited tax cuts. (Bangkok Post, 08/08/2022) More

Prep required for cybersecurity rules
The National Cyber Security Agency is urging organisations associated with critical information infrastructure to accelerate efforts to comply with two upcoming regulations regarding minimal requirements for their cyberdefence practices and responsibility for their sectoral computer emergency response teams. (Bangkok Post, 08/08/2022) More

New rule caps cars at under 100kph on expressways
Four-wheeled vehicles are not allowed to exceed 100 kilometres per hour on expressways, according to new ministry regulations reported by the Expressway Authority of Thailand (EXAT). (Bangkok Post, 30/07/2022) More

PDPC preps further minor regulations
The Personal Data Protection Committee (PDPC) is set to roll out more subordinate regulations to clearly define the practices for Personal Data Protection Act (PDPA) compliance to ease concerns among businesses. (Bangkok Post, 26/07/2022) More
 
Important update on Covid-19
Ban on public gatherings enacted and published in Royal Gazette
A new ban on public gatherings has been published in the Royal Gazette to combat the recent surge of Covid-19 infections in Thailand. The rule restricting unauthorised public assemblies is permitted under the Emergency Decree that was recently extended for a 19th time, as it has been every two months since it was instituted towards the beginning of the pandemic in March of 2020. (Thaiger, 03/08/2022) More

Emergency Decree extended by cabinet until end of September
The Thai cabinet officially extends the State of Emergency in Thailand due to the Covid-19 pandemic. This will be the 19th extension it will prolong the Emergency Decree that was set to expire on July 31, going into effect on August 1 and continuing until September 30. (Thaiger, 27/07/2022) 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 #15
In 1972, GTCC together with Thai Ministry of Economic Affairs’ Department of Economic Relations, encouraged 12 local manufacturers to visit Frankfurt Autumn Fair. 14 local exporters visited the Berlin fair "Partners for Progress". 
 
Member News
Tom Sorensen Recruitment: Free webinar on LinkedIn Profile Writing Tips
Join webinar, presented by Tom Sorensen, headhunter and GTCC member, and learn best practices that will elevate your LinkedIn profile to the best of the best on Wednesday 17 August at 7 pm. More

Mazars roadshow in Germany
Roadshow in Germany  „Investing in Asia” – neue Perspektiven für Ihr Business. Die Events finden vom 6. bis 14. September 2022 in München (6. September), Stuttgart (7. September), Düsseldorf (8. September), Hamburg (13. September) und Frankfurt (14. September). More

Renaissance Bangkok Ratchaprasong Hotel appointed Khun Stephen Sinsap as Director of Sales & Marketing
With more than 15 years of experience and passion for the hotel and MICE industries, he will be a great leader to drive Sales & Marketing excellence. 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: 
A complimentary BOI Audit

Validity:
Now until 30 September 2022
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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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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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InnoTrans
20-23 September 2022, Berlin
InnoTrans is the leading international trade fair for transport technology and takes places every two years in Berlin. Sub-divided into the five trade fair segments (Railway Technology, Railway Infrastructure, Public Transport, Interiors and Tunnel Construction), InnoTrans occupies all 42 halls available at Berlin Exhibition Grounds. A unique feature of InnoTrans is its outdoor and track display area, where everything from tank wagons to high-speed trains are displayed on 3,500 metres of track. More
 
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bauma
24-30 October 2022, Munich
bauma is the world's leading trade fair for the building industry. The trade fair presents a comprehensive international product range in the area of construction machinery, building material machines, mining machines, construction vehicles and construction equipment. With a view to the future, we offer the international industry a common platform for profitable innovations, cross-border exchange and far-reaching perspectives. 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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ASEAN Insights 2022
07. September 2022
in der IHK Düsseldorf Südostasien wird zunehmend als „Ausweichmarkt“ zu China für Unternehmen interessant. Welche Potentiale bietet ein Produktionsaufbau in ASEAN? Wie lassen sich Vertrieb und Sourcing in Südostasien gestalten? Welche Trends beschäftigen die pulsierende Region aktuell? Diese und viele andere Informationen bieten „ASEAN Insights 2022“ sowie die anschließenden individuellen Beratungsgespräche mit den Vertretern der Auslandshan-delskammern. Mehr
 
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Asien-Pazifik-Forum Bayern
13. September 2022, Nürnberg 
The 15th Asia-Pacific Forum Bavaria will shed light on your opportunities for sales, sourcing, investment and innovation. The conference program explains the reorganization of the global economy and supports participants in strategy development. The German Chambers of Commerce Abroad in Asia will offer individual consultations and more than 20 exhibitors will present their Asia-Pacific services in the form of a small trade fair. More
 
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APK 2022
13–14 November 2022, Singapore
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 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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