27/01/2023
27/01/2023
9/02/2023 [Save the date] GTCC Monthly Briefing with L&P @ Le Méridien Bangkok
9/02/2023
17/02/2023
17/02/2023 [Save the date] Multi-Chamber Eastern Seaboard Networking with BCCT
2/03/2023 [Save the date] GTCC Multi-Chamber Luncheon: Thailand Economic Outlook 2023 @ The Sukhothai Bangkok
30/03/2023 [Save the date] Ordinary General Meeting @ Shangri-La Bangkok
For more events, please click HERE |
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RAMADA PLAZA BY WYNDHAM BANGKOK MENAM RIVERSIDE |
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Rising rates sustain gains in banks' profits The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery. (Bangkok Post, 23/1/2023) More Baht at 9-month high worries exporters Gains in the baht, Asia’s best performer in the past six months, are frustrating exporters and many businesses that say the strong currency is hurting them. (Bangkok Post, 12/1/2023) More Investor confidence bullish despite risks The investor confidence index remained in the bullish zone last month, thanks to expected gains from China's reopening and a substantial growth in profit for Thai listed companies. (Bangkok Post, 11/1/2023) More Cabinet approves B3.35tn budget for 2024 fiscal The cabinet on 10 January 2023 approved a budget of 3.35 trillion baht (US$100 billion) for the 2024 fiscal year. (Bangkok Post, 10/1/2023) More |
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| Financial advisory brochure |
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Nachfrage nach Medizintechnik wächst Der Gesundheitsmarkt hat sich nach Covid-19 normalisiert. Gesundheitseinrichtungen expandieren und Fertigungen von Medizinprodukten werden ausgebaut. Mehr |
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GTCC MEMBERS EXCLUSIVE SITE VISIT |
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| Companies & Industrial Sectors |
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Thailand is now the world’s 13th largest exporter of agricultural products: minister Thailand has become the world’s 13th largest exporter of agricultural products after a more than 20% surge in agricultural trade in the first 11 months of 2022, Minister of Agriculture and Cooperatives Chalermchai Sreeon said. (Nation Thailand) More China reopening ‘not enough’ to power Thai growth to 4% in 2023 An upswing in tourism from China’s reopening will help boost Thailand’s economy but isn’t sufficient to restore growth to pre-pandemic levels just yet, according to analysts. (Bangkok Post, 20/1/2023) More Commuters face railway woes The State Railway of Thailand made a big change in its 126-year history by moving long-distance train services from Hua Lamphong station to Krung Thep Aphiwat Central Terminal. (Bangkok Post, 20/1/2023) More Cabinet extends diesel tax cut to ease living costs The cabinet agreed to extend the excise tax cut on diesel by 5 baht per litre for another four months to keep prices below 35 baht per litre to help ease the costs of living. (Bangkok Post, 18/1/2023) More Pet industry sitting on a gold mine as nearly 50% of Thais don’t want children: survey Thailand's pet industry outlook has strong potential to expand exponentially among “petsumers”, as more than 49% of Thais currently prefer to adopt pets over having children, a recent survey by the College of Management Mahidol University (CMMU) revealed. (Nation Thailand, 13/1/2023) More
AirAsia Aviation Group named one of safest low-cost airlines for 2023 AirAsia Aviation Group has once again come out on top after recently being named one of the top 20 safest low-cost airlines in the world for 2023. (Nation Thailand, 12/1/2023) More
Used car market set to record 15% growth The used car market in Thailand is expected to grow by 15% this year, driven by the prolonged shortage of semiconductors required to manufacture new cars, says the Association of Used Car. (Bangkok Post, 10/1/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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Thailand tops Asean progress poll again Thailand has ranked first in Asean in the latest Sustainable Development Report, according to the government. (Bangkok Post, 10/1/2023) More Asean ready to take on market volatility Major Asean economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals. (Bangkok Post, 10/1/2023) More |
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Manufacturers urged to adopt renewables Higher power bills will be a key factor awakening businesses in the manufacturing sector to a need to seriously adopt renewable energy to relieve an increase in their production costs, estimated at 4.88% on average, says the Industry Ministry. (Bangkok Post, 20/1/2023) More OR aims for 7,000 EV charging points by 2030 PTT Oil and Retail Business Plc (OR) aims to become the country’s largest electric vehicle (EV) charging service provider, with 7,000 outlets by 2030 under its “Rise OR” concept, says new chief executive Disathat Panyarachun. (Bangkok Post, 20/1/2023) More
Thailand’s 1st homegrown battery-electric locomotive begins trials Thailand’s first homegrown battery-electric locomotive was tested at Krung Thep Aphiwat Central Terminal (formerly Bang Sue Grand Station) in Bangkok. (Nation Thailand, 12/1/2023) More |
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FDI round-up: Thailand investment leaps, Bayer warns of unfriendly Europe Thailand saw pledges by local and foreign investors jump 39% last year compared to the previous year, the country’s Board of Investment (BOI) announced on January 13. (FDI Intelligence, 16/1/2023) More |
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EMO HANNOVER 2023 WORLD TOUR |
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| Legal / HR / CSR / Education |
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Foreigners 'must follow visa rules' The Royal Thai Police has instructed all relevant authorities, including the Immigration Bureau (IB) and Tourist Police, to ensure all foreign residents do not violate their visa conditions during their stay in the country. (Bangkok Post, 23/1/2023) More
May deadline for work permit The Department of Employment is seeking to extend the deadline for foreign migrant workers to register for a new work permit until mid-May. (Bangkok Post, 23/1/2023) More
Digital ID now valid as government moves to make services more efficient Thais can now get access to services from government agencies by using their digital identification on a mobile device instead of a physical ID card. (Nation Thailand, 23/1/2023) More
Points system for drivers in force The Royal Thai Police (RTP) on Monday, 9 January 2023 implemented a demerit point system in a bid to improve driving discipline and road safety in the kingdom. (Bangkok Post, 10/1/2023) More Tax incentives to encourage reduction in plastic usage The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste. (Bangkok Post, 10/1/2023) More |
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| Important update on Covid-19 |
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Thailand’s Covid-19 hospitalisations drop, but deaths rise in 2nd week of 2023 Though fewer people have been hospitalised for Covid-19 during the second week of this year, the number of deaths has risen, the Department of Disease Control (DDC) said. (Nation Thailand, 16/1/2023) More Thailand clarifies all measures to control Covid as tourism surges The National Communicable Diseases Committee on Thursday approved the government's revised measures for controlling Covid-19, including tests on arriving tourists with obvious symptoms of the disease, and charging fees for vaccinating tourists who voluntarily request shots. (Nation Thailand, 13/1/2023) More Free Covid tests for ill visitors Government offers free Covid tests to ill visitors and will vaccinate foreign tourists who want the service at “reasonable prices”, says Public Health Minister Anutin Charnvirakul. (Bangkok Post, 13/1/2023) More
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Lufthansa’s New General Manager Thailand, Vietnam, Philippines and the Mekong Region Lufthansa Group has announced that Miss Anh-Thu Van Do (Anlee) has joined its commercial team in Bangkok as the new General Manager Thailand, Vietnam, Philippines and the Mekong region as of 1 September 2022. More
Coachology: Change Your Mind Create New Result 16-17 February 2023. The program will help you understand how the brain works and develop new neural pathways that will enable you to reconfigure your mind to become more resilient, creative, and collaborative. More |
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Chamber Representative Marty Sinthavanarong |
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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 |
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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 |
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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
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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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