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Thailand impact seen if global growth missed 2% Thailand’s economy could fall into a recession if the global economy expands by less than 2% for more than a year, but infrastructure development and election spending bode well for the country’s growth prospects. (Bangkok Post, 16/03/2019) More
Economic future lies in partnering, says Prayut PM Prayut Chan-o-cha shared his proposals for plans and projects that would boost investor confidence. (The Nation, 15/03/2019) More
Analysts observe Q4 profit tumble SET-listed firms' combined net profit in last year's fourth quarter is estimated to have plunged nearly 40% year-on-year on slower global growth and falling oil prices, brokerage firms say. (Bangkok Post, 07/03/2019) More
Baht volatility could mean outlook revisions Business operators are likely to revise GDP and export projections next month amid concern over the baht's volatility and pressure on shipments. (Bangkok Post, 07/03/2019) More
Negative factors squeeze export numbers in January Thai exports saw an unexpected 5.7 per cent slump year on year in January, pointing to impact from the baht’s appreciation. (The Nation, 06/03/2019) More
BoI: EEC propelling full-year application value to B750bn The Eastern Economic Corridor (EEC) scheme is a key engine to drive full-year investment applications to hit 750 billion baht. (Bangkok Post, 05/03/2019) More |
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| Companies & Industrial Sectors |
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Siam Piwat plans 2 megamalls Siam Piwat Co, the operator of Iconsiam and Siam Paragon, will spend 70 billion baht during 2019-23 to develop two large-scale malls and acquire office towers and logistics centres. (Bangkok Post, 13/03/2019) More
FTI ready to lobby for Euro 5-6 perks The Federation of Thai Industries (FTI) plans to lobby the next administration for more tax incentives for automakers, in response to the current government's policy to upgrade vehicle fuel standards to Euro 5 and 6. (Bangkok Post, 12/03/2019) More
Honda sees motorcycle market dip Honda Motor Co has projected a decline in the Thai market this year mainly because of lower crop prices. (Bangkok Post, 12/03/2019) More
Danone spies opportunity in local beverage market Danone SA is expanding into Thailand's 200-billion-baht beverage industry to capitalise on the growing trend towards healthier products. (Bangkok Post, 08/03/2019) More |
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ASEAN trade window tops agenda Concluding the Regional Comprehensive Economic Partnership (RCEP) negotiations and fully implementing the ASEAN Single Window (ASW) for all 10 ASEAN members by the end of 2019 are Thailand’s two top economic priorities as ASEAN chair. (Bangkok Post, 11/03/2019) More
Trade barriers stall Asean integration, say experts ASEAN integration is “not going anywhere” if trade regulations between Asean countries are not reformed, a recent forum heard. (The Nation, 05/03/2019) More |
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Hybrid electrical vehicle perks renewed with BEV add-on The Board of Investment (BoI) has agreed to renew investment packages given to hybrid electrical vehicles (HEVs) in a bid to lure more investment in EVs. (Bangkok Post, 16/03/2019) More ERC introduces 100MW household solar scheme Energy policymakers are ready to allow new solar power projects for households, with a plan to buy an initial capacity of 100 megawatts, offering a feed-in tariff of 1.68 baht per kilowatt-hour (unit) for 10-year contracts. (Bangkok Post, 14/03/2019) More
30 smart cities targeted to start as first proposal call launches The government is gearing up to achieve its target of 30 smart cities in 24 provinces by next year and hopes to transform 100 cities nationwide to smart cities by 2022. (Bangkok Post, 12/03/2019) More
Energy Regulatory Commission readies solar rooftops The Energy Regulatory Commission (ERC) plans to open up the long-awaited solar rooftop scheme in March, with a total capacity of 100 megawatts. (Bangkok Post, 08/03/2019) More Japan carmakers angle for EV primacy in Southeast Asia Japanese automakers are moving to extend their iron grip on the Southeast Asian market into electric vehicles, starting with plans to build plug-in and hybrid offerings in Thailand. (Nikkei Asian Review, 08/03/2019) More
Tax waiver for EVs tied to battery plants Electric vehicle makers that receive an excise tax waiver are required to set up local EV battery plants within five years, says a senior official at the Excise Department. (Bangkok Post, 07/03/2019) More
Cabinet gives nod to scrapping excise tax for full EVs The cabinet on Tuesday approved a Finance Ministry proposal to eliminate the excise tax for full electric vehicles from Jan 1, 2020 to Dec 31, 2020 to speed up full EV manufacturing and reduce emissions. (Bangkok Post, 06/03/2019) More |
Audi launches sale of its first EV in Thailand Audi has officially launched its first electric vehicle in Thailand. The Audi e-tron 55 quattro is a premium SUV that is 100-per cent electrically-powered and is priced at Bt5.099 million. (The Nation, 15/03/2019) More
Thai Union aims to turn tuna heads into gold Thai Union Group, the world's leading canned tuna exporter, is banking on its treasure trove of tuna heads to spur growth and lift profits. (Nikkei Asian Review, 13/03/2019) More |
| Legal / HR / CSR / Education |
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BSA campaigns to end unlicensed corporate use Business leaders in Thailand are urged to legalise their software assets by the Business Software Alliance (BSA). (Bangkok Post, 12/03/2019) More
Personal privacy in the balance Data is hailed as the new "oil" of the 21st century, with digitalisation changing the landscape across every segment of society and business. (Bangkok Post, 11/03/2019) More
Betting on paperless customs The Customs Department hopes that Thailand will rise in the World Bank's Ease of Doing Business rankings after the launch of Pre-Arrival Processing (PAP) e-bill payment and e-customs clearance. (Bangkok Post, 09/03/2019) More
DE Ministry, providers create best practices for social media The Digital Economy and Society (DE) Ministry is collaborating with global social platform providers to help create best practices and handle information on social media. (Bangkok Post, 05/03/2019) More |
Siemens opens a new Power Generation Service Center Siemens formally opened a new Power Generation Service Center in Thailand today, adding new capabilities to support the growth and sustainability of Thailand’s energy sector.More
BayWa r.e. signs VAP distribution agreement with Huawei for South-East Asia BayWa r.e. has signed a VAP agreement with Huawei for its solar distribution business in Thailand and South-East Asia. More
Chatrium Hotels & Residence launches new website Chatrium Hotels and Residences is thrilled to launch its new website www.chatrium.com, where visitors can take advantage of some extra special hot deals. More
Boehringer Ingelheim Thailand certified by the CAC Boehringer Ingelheim (Thai) Ltd. was awarded the CAC certification (Thailand’s Private Sector Collective Action against Corruption coalition) on 26 February 2019 during a prestigious ceremony held in Bangkok.More
Schaeffler establishes team for the future Based on the decisions of the Supervisory Board of Schaeffler AG on 1 March 2019, the Executive Board of the Schaeffler Group will consist of eight Managing Directors and four Regional CEOs. (PRNewswire, 06/03/2019) More
Lufthansa expands long-haul leisure portfolio The group plans to deploy additional Eurowings long-haul capacity to its Frankfurt and Munich hubs from October. (StandbyNordic, 06/03/2019) More |
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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 |
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German Exhibitors want to spend more on trade fairs AUMA Messe Trend: Exhibition share of marketing budgets has increased appreciably since 2000. The acceptance of exhibitions as part of companies' B2B marketing is a continuing trend: More than one-fourth (29%) of German companies already taking part want to invest more money in exhibition participation both at home and abroad in 2019 and 2020. More |
Chadaphan Maliphan
Publication and Communication Manager Tel: +66 2 055 0623 |
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