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9 January 2023
 
Upcoming events
19/01/2023

20/01/2023

27/01/2023

09/02/2023
[Save the date] GTCC Monthly Briefing/ Members-only Speed Networking - February

09/02/2023
[Save the date] GTCC Afterwork - February


For more events, please click HERE
 
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MAZARS IN THAILAND
 
Economy
Average headline inflation in 2022 was the highest in 24 years
Thailand’s average headline inflation in 2022 hit 6.08 per cent, the highest in 24 years, the Trade Policy and Strategy Office (TPSO) said. (Bangkok Post, 5/1/2023) More

Headline CPI up 5.89%, in line with forecast 
Thailand's headline consumer price index (CPI) rose 5.89% in December from a year earlier, in line with analyst forecasts, but above the previous month driven by higher energy and food prices, government data showed. (Bangkok Post, 5/1/2023) More

Household debt ratio eases slightly
The country’s household ratio eased to 86.8% of gross domestic product in the third quarter from 88.1% in the previous quarter, the Bank of Thailand said, as the economy continued to recover. (Bangkok Post, 3/1/2023) More

Unemployment drops amid increasing economic activity
Unemployment declined thanks to increased economic activity and a rebound in tourism. (Bangkok Post, 16/12/2022) More
 
Economic Factsheet
UPDATE Magazine
Mazars in Thailand corporate brochure
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GTAI
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

Touristenzahlen überraschen angenehm
Der Fremdenverkehr ist eine Säule der thailändischen Wirtschaft. Durch Covid-19 brach diese ein. Nun strömen wieder Touristen in das Land des Lächelns und die Branche investiert. Mehr

Thailand muss stärker investieren und reformieren
Das leistungsfähige Gesundheitswesen und die Industriebasis zählen noch zu den Stärken des Königreichs. Unternehmen müssen aber mehr investieren, um wettbewerbsfähig zu bleiben. Mehr

Konsum treibt die Konjunktur an
Die Verbraucher in Thailand konsumieren wie lange nicht mehr. Steigende Preise und Zinsen könnten den Boom beenden. Investitionen und Außenhandel kühlen bereits ab. Mehr
 
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GTCC BUSINESS & STUDY TRIP TO GERMANY
 
Companies & Industrial Sectors
Ministry identifies 8 sectors with promise
Businesses related to lifestyle, accommodation, tourism and environmental protection are expected to maintain their healthy growth momentum this year, according to a recent study by the Commerce Ministry. (Bangkok Post, 7/1/2023) More

Businesses' power bills trimmed after outcry
After an outcry from businesses, energy regulators cut the increase in their electricity bills to 13% from 20.5%. (Bangkok Post, 6/1/2023) More
 
Post-Covid tourism plan gets green light
The cabinet approved a blueprint for tourism development over the course of the next five years, with a plan to push for Thailand to be among the world’s top wellness destinations among several ambitious goals. (Bangkok Post, 4/1/2023) More

Flying back into profit after pandemic
Covid-19 taught airlines to be resilient and cut losses. Those efforts are starting to pay off. (Bangkok Post, 3/1/2023) More

Group maintains LPG prices at 408 baht
The Energy Policy Administration Committee (Epac) has decided to continue capping the price of liquefied petroleum gas (LPG), which is used as cooking gas, at 408 baht per 15-kilogramme cylinder until the end of next month in a bid to slow rising living costs. (Bangkok Post, 16/12/2022) More
 
Thailand & ASEAN
Asean poised for starring role in global economy this year: UOB
Key Asean economies will be among the few globally to show impressive growth this year, as the world economy slips into slower growth or a recession, according to a recently published report by one of the largest banks in Southeast Asia – Singapore-headquartered United Overseas Bank (UOB). (Nation Thailand, 9/1/2023) More

Fleeing back to the province
Workers in Bangkok who live from hand to mouth have decided to return to their hometowns as the cost of living in the capital becomes unaffordable. (Bangkok Post, 6/1/2023) More
 
Foreign outflows from emerging Asia in 2022 highest since 2008
Foreign investors withdrew more money from equities in emerging Asian economies in 2022 than they had in any year since the global financial crisis in 2008, as rising US interest rates pulled funds towards dollar assets. (Bangkok Post, 5/1/2023) More

ASEAN Economic Outlook 2023
The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022. This is largely due to worsening global economic conditions and tightening monetary policy. (ASEAN Briefing, 4/1/2023) More
 
Green Technology
Shaking up the EV market
The emergence of Chinese electric vehicle makers in Thailand is increasing choices for buyers and testing traditional loyalties to older manufacturers. (Bangkok Post, 9/1/2023) More
 
BCG model for rice farms
Four agricultural associations have joined hands to promote the Bio-Circular-Green (BCG) model in rice farms across ten provinces, covering about 50,000 rai of paddy fields, with the aim of getting them to produce premium-quality rice. (Bangkok Post, 3/1/2023) More
 
Thai and Singaporean firms form JV to produce batteries for electric vehicles
Nuovo Plus, a joint venture between Arun Plus and Global Power Synergy Plc, is forming a joint venture with Gotion Singapore to build a battery plant to supply electric vehicles and energy storage systems, the company announced. (The Nation, 16/12/2022) More
 
EV producers cheered by bookings at motor show
Bookings for 5,800 electric vehicles (EVs) at the Thailand International Motor Expo are providing fuel for the government's ongoing efforts to develop the domestic EV industry. (Bangkok Post, 16/12/2022) More
 
Bilateral Business
‘Energy for All’ winners ready to start
Energy investors who won an auction under the state's "Energy for All" renewable scheme are pushing ahead with their projects after the latest legal hurdle that caused more delays was cleared. (Bangkok Post, 9/1/2023) More

IEAT unveils drive to woo investors
The Industrial Estate Authority of Thailand (IEAT) is utilising marketing tactics at four of its industrial estates to attract more Thai and foreign investors. (Bangkok Post, 6/1/2023) More

Climate project wraps up after five years
The five-year Thai-German Climate Programme (TGCP) has supported Thailand in strengthening its foundation for ambitious climate action, according to a recent panel. (Bangkok Post, 3/1/2023) More
 
Kingdom inks pact with EU to boost cooperation
Thailand and the European Union (EU) have signed the Thai-EU Partnership and Cooperation Agreement (PCA) to boost bilateral cooperation. (Bangkok Post, 16/12/2022) More
 
Legal / HR / CSR / Education
Co-owned colleges 'are Thai entities'
All three private universities whose shares are partially owned by Chinese nationals still are regarded as Thai legal entities, education officials say. (Bangkok Post, 9/1/2023) More
 
Govt readies phone app digital IDs
The government will start using a digital ID card through a mobile application on Jan 10, 2023, for people who use public services provided by government agencies. (Bangkok Post, 4/1/2022) More
 
Important update on Covid-19
Some visitors must show minimum US$10,000 health insurance
The Civil Aviation Authority of Thailand (CAAT) will require visitors whose next destinations require proof of a negative Covid-19 test to show health insurance coverage worth at least US$10,000. (Bangkok Post, 9/1/2023) More

Proof of Covid jabs for all visitors revived
All visitors to Thailand must have at least two Covid jabs and those travelling onward to countries that require negative tests must have health insurance, under revised rules to deal with the revival of travel from China. (Bangkok Post, 6/1/2023) More
 
Booster jab urged for tourism staff
The Tourism Authority of Thailand is urging business operators to ensure their staff have received a booster of the Covid-19 vaccine to prepare for the return of Chinese tourists. (Bangkok Post, 3/1/2023) More

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
Member News
BE Health Launch Event at Sindhorn Kempinski Hotel Bangkok
Sindhorn Kempinski Hotel Bangkok and Siam Kempinski Bangkok joined hands with the Autistic Thai Foundation to launch BE Health, a project to support, promote and develop the quality of life and health of autistic children. More
 
New Members
Chamber Representative
Sira Boonyakida

Mr. David Uhlenbrock

Chamber Representatives
Ramesh Raju
Krongkarn Koonsawat
Chamber Representatives
Wit Chinthammit
Athit Pratanthip

Chamber Representative
Mark Berger
Trade Fairs
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Spielwarenmesse
1-5 February 2023, Nuremberg, Germany
 
Be part of it when the industry comes together from 1 to 5 February 2023! Discover new products, meet familiar faces, make new contacts and attend expert presentations! Buy your tickets here.
 
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BIOFACH
14-17 February 2023, Nuremberg, Germany
 
BIOFACH gathers the colorful variety of the organic world every year. Experience the broad spectrum of organically produced food, update on current developments in the sector, discuss and taste – and leave with inspiration and new contacts. Get your ticket here.
 
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INHORGENTA MUNICH 2023
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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German trade fairs recover slowly
First recovery in sight for trade fairs in Germany: At least 340 trade fairs are planned between Husum and Friedrichshafen in 2023. Thus, almost 25 percent more trade fairs will take place in 2023 than were possible last year. In the first quarter of 2023 alone, a good 120 trade fairs are scheduled - in 2022, only 18 trade fairs could be held in the same period due to Covid-19 restrictions. Energy efficiency, circular economy and innovative production technologies are the top subjects at German trade fairs in 2023. 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
 
Other news
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The second Expatriate Orientation Program (EOP 2)
The Thailand Foundation, in collaboration with the Ministry of Foreign Affairs, will organize the second Expatriate Orientation Program (EOP 2) at the Ministry of Foreign Affairs on 14 - 15 February 2023. The program, which will be conducted in English, is designed to provide expatriates living and working in Thailand with essential information on various topics including historical and cultural aspects of Thailand, how to work more effectively with Thais, cultural sensitively, decoding Bangkok and the four regions of the country, and overview of Thailand’s economic outlook. More

For further information, please contact Miss Artima at info@thailandfoundation.or.th
 
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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