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18 February 2019
 
Upcoming GTCC Events
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Economy
Data-driven future awaits economy 
In 2019, emerging technologies ranging from the Internet of Things (IoT), blockchain and artificial intelligence (AI) to multiple cloud are continuing to gain momentum, shifting from proof of concept to real business use cases. (Bangkok Post, 18/02/2019) More

Somkid ready to apply for membership in CPTPP 
Thailand looks set to announce an official plan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a newly formed bloc of 11 Pacific Rim nations excluding the US, in March during Deputy Prime Minister Somkid Jatusripitak’s visit to Japan. (Bangkok Post, 18/02/2019) More

Export growth to shrink 
Thailand’s exports are expected to see the lowest growth in three years because of the Sino-US trade row, a global economic slowdown and the strengthening baht. (Bangkok Post, 13/02/2019) More

Poll furore, US shutdown hit SET index
Thailand’s stock market saw the largest slump in Southeast Asia as recent shockwaves in domestic politics and another possible US government shutdown riled investor confidence. (Bangkok Post, 12/02/2019) More 

Private sector jots wish list 
With the prospect of a new government achingly close, key business figures are spelling out their wants and needs in terms of continuity and improvements, write Post reporters. (Bangkok Post 11/02/2019) More

Poll clarity boosts consumer sentiment 
A clear date for the long-awaited general election, set for March 24, has lifted consumer sentiment for the first time in five months. (Bangkok Post, 07/02/2019) More

Government petitioned for safeguard extension 
Seven steel-related associations filed a petition with the government Monday asking for an extension of safeguard measures on imported hot-rolled steel alloy sheets for another three years. (Bangkok Post 05/02/2019) More
 
 
 
Companies & Industrial Sectors
Airbus to end production of costly A380 superjumbo
PARIS: European aerospace giant Airbus said on Thursday it would end production of the A380 superjumbo, the double-decker jet which earned plaudits from passengers but failed to win over enough airlines to justify its massive costs. (Bangkok Post, 14/02/2019) More

NIA reworks support programme for innovative Startups 
The National Innovation Agency (NIA) is overhauling its financial support programme for Startups to accelerate their progress, facilitating access to 44 billion baht in funding from various sources. (Bangkok Post, 12/02/2019) More

Stocks tipped to rise on MSCI rejig
Foreign investors are expected to boost their holdings of Thai shares if global index provider MSCI proceeds with a plan to include a class of shares held by foreigners in its closely watched emerging markets. (The Nation, 08/02/2019) More

Risks to auto supply chains flagged
A top planning agency has expressed concerns for the impact on Thailand from disruptions to vehicle supply chains arising from the prospect of a flare-up in the trade war between the US and China. (The Nation, 08/02/2019) More

Google Thailand enlists partners to attract SMEs 
In a bid to empower local SMEs to capitalise on e-commerce opportunities, which are expected to reach UScopy3 billion (407 billion baht) by 2025, Google Thailand is joining two Thai partners to introduce the Social Shopping Ads feature. (Bangkok Post, 06/02/2019) More
 
 
Thailand and ASEAN
Forum aims to safeguard exports amid US- China tiff
Thailand plans to organise a sourcing forum for leading Chinese and Indian e- commerce platform providers, foreign department stores and Thai exporters to help cushion exports from the ongoing US- China trade row. (Bangkok Post, 14/02/2019) More

E-commerce grows 14%, highest in ASEAN
The value of Thai e-commerce grew 14% in 2018, reaching some 3.2 trillion baht, and growth is expected to hit 20% this year, says the Electronic Transactions Development Agency (ETDA). (Bangkok Post, 05/02/2019) More

BoT signs QR pact with Cambodia 
The Bank of Thailand has signed a memorandum of understanding (MoU) for cooperation on a pilot project to develop interoperability of standard QR payment with the National Bank of Cambodia. (Bangkok Post, 05/02/2019) More
 
Green Technology
Bright start for solar sector 
The year 2019 is looking like a fresh start for the country's solar power industry after the latest power development plan (PDP) for 2018-37 sought to attract more participation from private companies. (Bangkok Post, 11/02/2019) More

Banpu buys 21.5% of FOMM 
Banpu Plc has signed an agreement to acquire a 21.5% stake in FOMM Corporation, Japan's compact electric vehicle (EV) developer, for US$20 million (627 million baht) to expand its presence in the clean energy business throughout Asia-Pacific. (Bangkok Post, 05/02/2019) More 

K-Research predicts Thailand headed for EV battery leadership
Kasikorn Research Center (K-Research) forecasts the assembly and output of batteries for electric vehicles (EVs) in Thailand will stand at 430,000 units by 2023, putting the country in the top four in the top four in Asia. (Bangkok Post, 05/02/2019) More
 
Bilateral Business
Mercedes opens parts supply
Mercedes- Benz Thailand has opened a new parts distribution centre in Samut Prakan province with an investment of 500 million baht to support logistics for 32 service centres nationwide. (Bangkok Post, 13/02/2019) More

Mazars announces 2018 Financial Results
The company’s 2018 Yearbook highlights a year of global growth and expansion and offers a vision for securing sustainable growth in a complex, fast-paced world. (GTCC Member News, 04/02/2019) More 
 
Legal / HR / CSR
Fortune's 100 best companies to work for
Fortune announced its annual list of 100 best companies to work for. This year, the companies on this list belong to a variety of industries, from grocery chains to tech organizations. Fortune research partner Great Place to Work evaluated everything from company perks to opportunities for innovation. (Fortune, 14/02/2019) More

Euro 5 diesel upgrate set for 2023
The Energy Minister has settled on implementing a nationwide plant to upgrade environmental standards for diesel to Euro 5 by 2023, in line with the National Environmental Board’s schedule, to curb toxic dust levels. (Bangkok Post, 14/02/2019) More
 
Member News
Invitation to Legal Strategies for Personal Data Management
Baker McKenzie will organise a seminar entitled "Legal Strategies for Personal Data Management" on 28 March 2019 at InterContinental Hotel Bangkok. The seminar will be conducted in Thai. 
More information, please contact: Marketing Communications team, Tel: +66 2 666 2824 Ext. 5957, 5959, 5960, Email: Bangkok.info@bakermckenzie.com
 
Economic Factsheet
UPDATE Magazine
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
Preferred Benefits
Samitivej offers up to 50% discount on Health Checkup Programs
Validity: Now - December 2019
 
Trade Fairs
GTCC HANNOVER MESSE Delegation Trip
Date: 30 March - 7 April 2019

Secure your seat pls contact us, tel: 02 055 0600
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Adhesives - Sealants - Construction Chemicals
 
Date: 19-21 March 2019
Location: Exhibition Centre Nuremberg

Register your visitor ticket by clicking HERE.
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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
 
Exhibitions score points with networking and experiences
AUMA surveyed exhibiting companies about the advantages of trade fairs over digital instruments
German exhibiting companies consider trade fairs to offer considerable advantages over digital instruments – like social media and virtual marketplaces – for their B2B communications. This is one result of a study commissioned by AUMA and carried out by KANTAR TNS. More
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
Tel: +66 2 055 0623 
 
 
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