If you can't see this email click here.
image
 
image
20 February 2023
 
Upcoming events
2/03/2023

9/03/2023

9/03/2023

14/03/2023

14/03/2023
[Save the date] GTCC Business Women Networking “DigitALL: Innovation and technology for gender equality"

15/03/2023
[Save the date] Multi-Chamber Networking Night by STCC

17/03/2023

17/03/2023
[Save the date] Joint Chambers ESB Sundowners hosted by AustCham

23/03/2023
[Save the date] GTCC HR Briefing & Networking on 2023 Best Practices in C&B, ER, L&D and TA

30/03/2023
[Save the date] Ordinary General Meeting 2023 @ Shangri-La Bangkok

26/05/2023
[Save the date] GTCC Gala Night 2023 @ Anantara Siam Bangkok Hotel

For more events, please click HERE
 
image
MAZARS IN THAILAND
 
image
GTCC MEMBERS EXCLUSIVE SITE VISIT TO RUWAC ASIA LTD.
 
Economy
War economy
As the Russia-Ukraine conflict marks its one-year anniversary this week, business figures say the global economic costs are likely to continue. (Bangkok Bank, 20/2/2023) More

Baht dip aids export stocks
The rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market. (Bangkok Bank, 20/2/2023) More
 
NESDC prunes 2023 growth view to 2.7-3.7%
The government's planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports. (Bangkok Bank, 18/2/2023) More
 
Economic gains ease cost pressure on producers
The Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities. (Bangkok Post, 17/2/2023) More
 
Q4 GDP growth slows, 2023 outlook trimmed
Thailand's economic growth slowed more than expected in the fourth quarter of 2022, but a tourism rebound should continue to boost the recovery this year. (Bangkok Bank, 16/2/2023) More
 
Foreign funds flock to Asia amid economic recovery
Foreign funds continued to flow into Asian stock markets in January, backed by the economic recovery and China's reopening. (Bangkok Post, 13/2/2023) More
 
Economic Factsheet
UPDATE Magazine
APAC payroll newsletter 2023 Vol.1
image
image
image
 
GTAI
Hersteller von Heimtiernahrung in Aufbruchstimmung
Ausländische Marken lassen Heimtierfutter in Thailand produzieren. Das Land ist bereits drittgrößter Branchenexporteur. Die Unternehmen investieren in neue Werke. Mehr
 
image
GTCC AFTERWORK BRIEFING WITH L&P
 
image
GTCC AFTERWORK 3/2023
 
Companies & Industrial Sectors
TCEB targeting 18.5m Mice travellers this year
The Thailand Convention and Exhibition Bureau (TCEB) is targeting 18.5 million Mice (meetings, incentives, conventions and exhibitions) travellers this fiscal year with revenue recovering to over 50% of the level recorded before the pandemic. (Bangkok Post, 17/2/2023) More
 
IEAT, PIN allot B2bn for expansion of complex
The Industrial Estate Authority of Thailand (IEAT) and industrial estate developer Pinthong Industrial Park Plc (PIN) will spend 2 billion baht expanding a PIN-run industrial complex in Chon Buri to support industries under the Eastern Economic Corridor (EEC) scheme. (Bangkok Post, 17/2/2023) More
 
Cabinet approves air services plan for U-Tapao
The cabinet on Tuesday gave the green light to the Aeronautical Radio of Thailand (Aerothai) to carry out a project worth 1.25 billion baht that would upgrade air navigation services at U-Tapao airport in Rayong province, said deputy government spokeswoman Traisuree Taisaranakul. (Bangkok Post, 15/2/2023) More
 
Bangkok lauded as global hub for cryptocurrencies
Bangkok has emerged as the world's 10th largest crypto hub, according to new research from cryptocurrency tax software company Recap. (Bangkok Post, 13/2/2023) More
 
Thai aviation flying high as demand for flight slots, led by Chinese airlines, soars
Thailand's aviation sector is buzzing with activity in February as airlines have requested 6,318 flight slots at Thai airports, the Civil Aviation Authority of Thailand (CAAT) said. (Nation Thailand, 13/2/2023) More

Tourism lifts retail growth projection to 6-8%
Thailand's retail industry is expected to grow by 6-8% this year, double the rate of the GDP, helped by the recovery of tourism, according to the Thai Retailers Association (TRA). (Bangkok Post, 13/2/2023) More

Mainland buyers seek quick move amid zero-Covid fears
Condos in Thailand are attracting Chinese buyers as they want to speed up relocation to the country due to concerns over the future of Beijing's zero-Covid policy. (Bangkok Post, 13/2/2023) More
 
Baht hits high-value products
High-value industrial products with few imported raw materials are expected to be the hardest hit as baht strengthens. (Bangkok Post, 13/2/2023) More
 
image
GTCC BUSINESS & STUDY TRIP TO GERMANY
 
Thailand & ASEAN
CRC bullish on Vietnam
Central Retail Corporation (CRC), Thailand's biggest retailer, has unveiled its largest investment in Vietnam, totalling 50 billion baht from 2023-27 to accelerate its market presence there. (Bangkok Post, 18/2/2023) More
 
PTTEP, Malaysian partners establish JV
PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms. (Nation Thailand, 17/2/2023) More

Thailand ranked 10th most powerful nation in Asia despite falling score
Thailand remains the 10th most powerful nation in Asia, according to the 2023 Asia Power Index published by Australia’s Lowy Institute. (Nation Thailand, 13/2/2023) More
 
Green Technology
Thailand essential to GWM's ambitious plans
Chinese sport utility vehicle manufacturer Great Wall Motor (GWM) is determined to expand its electric vehicle (EV) business in Asean, with Thailand and Indonesia selected as its top destinations. (Bangkok Post, 18/2/2023) More

Markets meant to limit climate change
Attempts to reduce carbon dioxide emissions are not restricted to environmental and technological approaches, as economic instruments are meant to support campaigns against global warming. (Bangkok Post, 13/2/2023) More
 
image
THAI GERMAN CONFERENCE "SOLAR PV AND GRID INTEGRATION"
 
Bilateral Business
Can ASEAN benefit from the EU's green agriculture push?
The EU wants to champion "green agriculture" in Southeast Asia. But limited trade relations, regulatory nightmares and distrust could stymie it. (DW, 16/02/2023) More
 
BGRIM, Innopower team up for project
SET-listed B.Grimm Power (BGRIM), an energy developer with the largest capacity in the small power producer segment, has forged a venture with energy innovation firm Innopower Co to promote clean energy projects, including electric vehicle (EV) infrastructure development. (Bangkok Post, 16/02/2023) More
 
Legal / HR / CSR / Education
Tourist entry fees confirmed
The cabinet endorsed entry fees for international arrivals of 150 and 300 baht to start in June, except for one-day visitors, according to the tourism and sports minister. (Bangkok Bank, 20/2/2023) More
 
All choked up on bad air
State agencies fighting smog are hamstrung by a lack of tougher laws. (Bangkok Post, 20/2/2023) More

LinkedIn Profile Writing Tips Webinar by Tom Sorensen Recruitment
21 February 2023. The single most important part of your job search is a LinkedIn profile that gets attention. Take charge yourself and in this webinar learn best practices that will elevate your profile to the best of the best. More
 
Important update on Covid-19
First cases of Kraken detected
The Department of Medical Sciences has found two cases of a new sub-variant of Omicron, XBB.1.5, which has a strong transmission capacity. (Bangkok Post, 20/2/2023) More
 
Covid becoming seasonal, annual vaccination will suffice
Covid-19 is becoming seasonal and annual vaccination should suffice for vulnerable people, while mRNA vaccine produces more complications than earlier vaccines, according to a prominent virologist. (Bangkok Post, 13/2/2023) More

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
Member News
GULF, Singtel, and AIS kick off the establishment of the new data center
GSA management, led by Mr. Ratthaphol Cheunsomchit, Chairman of the Board, join the groundbreaking ceremony for the new 20+ MW data center in Bang Phli, Samutprakan province. (Nation Thailand, 13/2/2023) More
 
Amata, BGRIM to develop city in EEC
Amata Corporation teams up with B.Grimm Power to conduct a feasibility study on Amata European Smart City, expected to serve European companies investing in the Eastern Economic Corridor. (Bangkok Post, 13/2/2023) More

GTCC members' promotions 
Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
 
Trade Fairs
image
Revolutionary: The highlights of this year’s IWA Outdoor Classics
2 -5 March 2023, Nuremberg, Germany

For its first edition following the pandemic, IWA OutdoorClassics, the World's Leading Trade Fair for Hunting, Shooting Sports, Outdoor Activities and Security, will undergo a mini-revolution: With the simultaneous introduction of three new special exhibition areas and a new community format, the content of the event will be given a significant quality boost. More
 
image
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
 
image
BAU
17-22 April 2023, Munich, Germany
 
BAU, the World's Leading Trade Fair for Architecture, Materials and Systems, showcases the latest products and materials for commercial and residential construction and interior work for both new-build and renovation and modernization. It is the business and information platform for everyone who is involved in planning, building and designing buildings. More
 
image
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
image
Thailand and the EU to resume talks about a possible free trade agreement
After a meeting between Thailand's Minister for Industry Jurin Laksanawisit and the EU Trade Commissioner Valdis Dombrovskis on January 26, 2023 in Brussels, both sides announced that they would like to resume negotiations on a free trade agreement after ten years. More

If you have any questions about the usage of Free Trade Agreements in the Asia-Pacific region, you can contact Mrs. Annika Huck, Divisional Head for Trade Policies (Asia/ASEAN). E-Mail: annika.huck@sgc.org.sg 
image
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
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
image
 
image
 
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.
FacebookLinkedInTwitter
 

glueup

Powered by Glue Up
All-in-one CRM Software for Growing Communities