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28 November 2022
 
Upcoming events
 
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MAZARS IN THAILAND
 
Economy
Emerging markets to buoy exports in 2023
Thailand's exports are expected to maintain growth momentum next year, albeit at a slower pace than this year, shored up by strong demand from emerging markets in Asia and the Middle East. (Bangkok Post, 25/11/2022) More

Govt revenue for fiscal year is THB151 bn higher than projected
The real revenue collected by government agencies during Fiscal Year 2022 amounted to 151 billion baht more than projected, a government spokeswoman said. (The Nation, 23/11/2022) More

Thailand’s economy maintains growth momentum, GDP expands 4.5% in Q3
Thailand’s gross domestic product (GDP) expanded by 4.5 per cent in the third quarter, pointing to a continuous economic revival, the Office of the National Economic and Social Development Council (NESDC) said. (The Nation, 23/11/2022) More

Bangkok land prices rise 10.3% in Q3
Despite the collection of the land and building tax increasing to the normal rate, prices of vacant land in Greater Bangkok continued to rise. (Bangkok Post, 23/11/2022) More
 
Economy sees growth boosted by tourism revival
The economy enjoyed healthy expansion in the third quarter, officials said, with the return of international tourists helping to offset persistently high inflation. (Bangkok Post, 21/11/2022) More
 
Economic Factsheet
UPDATE Magazine
Tax
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GTAI
Perspektiven für ausländische Direktinvestitionen
Ausländische Investitionen in Zukunftsbranchen sind sehr erwünscht. Mehr

Praxischeck
Investoren sollten lokale Fähigkeiten, Kosten und juristische Besonderheiten beachten. Mehr

Investitionsklima in Thailand
Das Investitionsklima in Thailand ist ambivalent. Ausländische Projekte im produzierenden Gewerbe sind hochwillkommen. In anderen Bereichen wird ihnen der Zugang erschwert. Mehr

Fördermaßnahmen
Das Thailand Board of Investment entscheidet über die vielfältigen Förderungen. Mehr
 
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HÄFELE (THAILAND)
 
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GTCC EXECUTIVE BRIEFING & NETWORKING WITH L&P AND GREEN YELLOW
 
Companies & Industrial Sectors
Car output on target despite flooding
Flooding affected domestic car sales in October, with volume decreasing in many categories, but the drop will not cause Thailand's car manufacturing to fall short of its 2022 target, says the Federation of Thai Industries (FTI). (Bangkok Post, 25/11/2022) More
 
Tourism workers face uncertainty
Roughly 23% of tourism operators are willing to increase their workforce, but some remain hesitant because of insufficient tourist demand. (Bangkok Post, 25/11/2022) More
 
Direct sales set to grow 3-5% next year
Thailand's direct sales industry is expected to see growth of 3-5% next year after two years of contraction attributed to the Covid-19 outbreaks. (Bangkok Post, 24/11/2022) More
 
Buy now, pay later lures apps and e-marketplaces
Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation. (Bangkok Post, 24/11/2022) More
 
Domestic tourism flying high, expected to surpass pre-Covid level
The Tourism Authority of Thailand (TAT) expects Thai tourists to travel across provinces more than before the Covid crisis in 2019. (The Nation, 23/11/2022) More
 
Electricity charge to rise about 14%
The cost of electricity, already at a record high, will rise about 14% to at least 5.37 baht per unit early next year - and that's the cheapest option, the Electricity Regulatory Commission warns. (Bangkok Post, 23/11/2022) More
 
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GTCC MULTI-CHAMBER BUSINESS WOMEN NETWORKING
 
Thailand & ASEAN
Bangkok still No 1 for foreign condo buyers, Phuket overtakes Chiang Mai
Bangkok remains the top choice for foreigners buying condominiums in Thailand, according to property firm Knight Frank Thailand. (The Nation, 28/11/2022) More
 
Study: Thailand a leader in digital payments
Thailand is at the forefront of digital payments, part of a trend throughout Asia, according to Aileen Chew, Mastercard's country manager for Thailand and Myanmar. (Bangkok Post, 28/11/2022) More
 
TCC urges provincial push
The Thai Chamber of Commerce and Board of Trade of Thailand urged the government to speed up investment in provincial development projects to revitalise the economy. (Bangkok Post, 28/11/2022) More
 
Major renovation plan for Koh Larn pier
CHON BURI: The Pattaya marine office will go ahead with its plan for a 200-million-baht renovation of Na Ban pier on Koh Larn after it passed an environmental impact assessment (EIA) study. (Bangkok Post, 25/11/2022) More
 
Thailand, Vietnam mark 10 years of strategic partnership as President Phuc meets Prayut
Thailand and Vietnam are celebrating ten years of strategic partnership, aiming to strengthen relations for peace, stability and mutual prosperity, the Foreign Ministry said. (The Nation, 23/11/2022) More
 
Hunt for higher local gas supply
With costly power bills sapping users, an agreement on a maritime block shared with Cambodia could ease prices. (Bangkok Post, 23/11/2022) More
 
Green Technology
BCG development seen as route to avoid non-tariff barriers
Bio-, circular and green (BCG) economic development can help the country avoid non-tariff barriers as well as become a key tool in cutting carbon emissions, following the government's pledge to promote BCG projects during the Apec summit, says the Federation of Thai Industries (FTI). (Bangkok Post, 25/11/2022) More
 
Sustainable practices will help Thailand with its net-zero goals: Varawut
Sustainable consumption, production and a circular economy are the key drivers to help Thailand achieve its carbon neutrality goal, Environment Minister Varawut Silpa-archa said. (The Nation, 23/11/2022) More
 
GPSC presses on with renewable energy bid
Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, aims to become a renewable energy-driven company by 2030 to help the government fight global warming and better cope with high global energy prices. (Bangkok Post, 23/11/2022) More
 
Bilateral Business
One-stop centre to spur FDI in the offing
The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices. (Bangkok Post, 28/11/2022) More
 
Legal / HR / CSR / Education
‘Education for all’ policy falls down
Last month, the Office of the Basic Education Commission (OBEC) issued an order to prohibit non-Thai children from attending learning centres and homeschools. This is a blatant violation of children’s right to education (Bangkok Post, 28/11/2022) More
 
One-third of adult Thai citizens applied for welfare
Applications for welfare have seen a huge jump, with 22 million Thai people requesting a state welfare card in the latest round of registration. (The Thaiger, 25/11/2022) More

140 foreign e-service providers pay up to THB600 million VAT per month
Around 140 foreign e-service platforms and service providers registered to pay value-added tax (VAT) totalling 500 million-600 million baht per month, the Revenue Department said. (The Nation, 23/11/2022) More
 
Important update on Covid-19
Masks advised in crowded places as Covid cases rise
The Ministry of Public Health is advising people to wear face masks in crowded places as the number of daily Covid-19 cases is again rising. (Bangkok Post, 25/11/2022) More
 
Infection is as good as vaccine against Covid-19: virologist
Thailand’s top virologist believes an infection offers as much immunity against Covid-19 as vaccines do. (The Nation, 23/11/2022) 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
#23
The GTCC membership application form in 1978 was only 1 page, while the current (2022) GTCC application form contains 6 pages.  

#24
The GTCC membership fee in 1978 was 3,000 THB/year for a member in Thailand. After “44 years” now the membership fee for company members is 15,000 THB/year 
 
Member News
Kitti to steer B.Grimm's Industrial Businesses
Multinational conglomerate B.Grimm has named Kitti Pattanaleenakul, a business strategist behind Siam Cement Group's (SCG) global outlook, as the new president of B.Grimm Industrial Businesses. (Bangkok Post, 25/11/2022) More

Vana Belle Koh Samui received 2022 Luxury Romantic Beach Resort - Continent Winner from World Luxury Awards
Receiving this award surely driven the team to achieving one goal which is to provide the best and beyond satisfaction to the guests. 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: 
15% Discount on products
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Validity:
Now until 31 December 2022

Condition: 
This promotion is applicable for German-Thai Chamber of Commerce only.

 
Trade Fairs
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INHORGENTA MUNICH 2022
Europe's leading platform for jewelry, watches and gemstones
24-27 February 2023, Munich, Germany

INHORGENTA MUNICH will once again offer an in-depth overview of international trends and developments in all its diversity: jewelry, watches, gemstones, technology, design, a top-notch conference program and many points of contact with up-and-coming talents. Spread over six halls at Messe München, exhibitors from across the globe will present their latest creations. More 
 
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ITB Berlin
World’s Leading Travel Trade Show
7-9 March 2023, Berlin, Germany
 
ITB Berlin will once again bring together tourism professionals and key players from the global travel industry. Taking as its slogan ‘OPEN FOR CHANGE’, ITB Berlin is ready to host a live comeback next year with the future positioning as a pure B2B product. The focus will therefore be on three days of business, content and networking. More
 
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Late trade fair half-time in Germany: Autumn trade fairs begin
After the trade fair summer with 140 trade fairs, a trade fair autumn is about to begin for the German trade fair industry. With at least 45 trade fairs, September will be challenging for the 70 trade fair locations and all trade fair trades. There are at least 45 more trade fairs in October, and 40 trade fairs are planned for November: an unprecedented tight cycle, caused by forced postponements, cancellations and bans on trade fairs in previous years. Meanwhile, the uncertainties for the trade fair industry are increasing again due to the explosion in energy prices, inflation and the new corona restrictions currently being discussed. 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 Fall 2022 
The AHK World Business Outlook is based on a regular DIHK survey of member companies of the German Chambers of Commerce Abroad, Delegations and Representative Offices (AHKs). It collects feedback from more than 3,100 German companies, branches and subsidiaries worldwide as well as companies with close ties to Germany in Fall 2022. The survey was conducted from 4th to 23rd October 2022. More
 
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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
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
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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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