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FTI ready to present policy The Federation of Thai Industries (FTI) plans to meet with the next government as soon as possible to submit a final draft of its white paper calling for support policies for businesses and the industrial sector. (Bangkok Post, 01/04/2019) More
Capital outflow seen after dividend payments Kasikorn Bank forecasts foreign investors to withdraw up to Bt87 billion from the Thai capital market after receiving dividend payments for the second quarter from listed Thai companies. (The Nation, 29/03/2019) More
BoT forecasts 3.9% GDP growth despite weak shipments Strong domestic demand will partially offset declining exports, leading to higher-than-expected GDP growth of 3.9% this year, says the Bank of Thailand. (Bangkok Post, 29/03/2019) More
Genomics action plan approved until 2024 The cabinet approved a five-year action plan to drive genomics development during 2020-24, worth 4.5 billion baht. The government aims to increase competitiveness in the medical industry, one of 12 targeted sectors promoted for the Eastern Economic Corridor (EEC). (Bangkok Post, 27/03/2019) More
Import/Export Thailand posts surplus of $4.03 bn in February Thailand recorded US$21.55 billion in exports last month, up 5.9 per cent from the same month last year. (The Nation, 22/03/2019) More
Thailand nearing 12th plan goals Thailand is nearing the goals set in the 12th national economic and social development plan (2018-2022). The state planning unit, the National Economic and Social Development Council (NESDC), grew by an average of 4.1% in the first two years of the five-year national plan, which aims for an average of 5% a year. (Bangkok Post, 22/03/2019) More
BoT tempers GDP outlook The Bank of Thailand is less optimistic about the country’s economic outlook, trimming its 2019 growth forecast to 3.8% from 4% amid sluggish export demand and keeping the policy rate unchanged as widely expected. (Bangkok Post, 21/03/2019) More
BOI nods to Bt2.28 tn investment The Board of Investment (BOI) has approved investment proposals by both Thai and foreign firms of about Bt2.28 trillion for four years, with 54 per cent of them targeting the Eastern Economic Corridor (EEC). (The Nation, 20/03/2019) More
Somkid says 5G infrastructure a priority Thailand must adopt 5G technology next year to prevent the country from lagging behind Vietnam, Deputy Prime Minister Somkid Jatusripitak warned on Monday after a meeting with state enterprises. (Bangkok Post, 19/03/2019) More |
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| Companies & Industrial Sectors |
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FTI wants election results The Federation of Thai Industries (FTI) is urging government agencies to announce election results soon in order to expedite the creation of a new government and ward off investor fears of post-election instability. (23/03/2019) More
Lazada eyes 20 million jobs by 2030 Lazada aims to create 20 million e-commerce jobs and serve 300 million customers by 2030 by encouraging 8 million people to become e-commerce entrepreneurs. (Bangkok Post, 22/03/2019) More |
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Bangkok pushes WTO multilateral system Thailand is hoping to convince Asean members to promote and restore the World Trade Organization’s (WTO) multilateral system of settling disputes. (Bangkok Post, 29/03/2019) More
Co-operation can help ASEAN lead on 5G development ASEAN countries need to strengthen co-operation and share their experiences to ensure they can lead the way on next- generation 5G wireless technology.(The Nation, 23/03/2019) More
Trade expected to get a boost as second Thai-Myanmar Friendship bridge opens The second Thailand-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on the Thai-Myanmar border has been officially opened to facilitate cross-border transport of goods and people. (The Nation, 20/03/2019) More
As Asean chair, Thailand can help fix WTO, says Canadian trade negotiator Canadian and Thai trade negotiators believe the Kingdom can play a leading role in reforming the World Trade Organization (WTO) to save it from complete collapse. (The Nation, 19/03/2019) More |
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Global warming emissions hit record level in 2018, IEA reports The International Energy Agency reported that global warming emissions reached a record level in 2018, despite efforts in the U.S., Europe, and China to reduce emissions with more sales of electric cars and cleaner power. (Greencarreports.com, 27/03/2019) More
Thai Oil studying use of naphtha for clean fuel project Thai Oil Plc is studying using naphtha, a petrochemical product, for added value in its $4.71 billion Clean Fuel Project (CFP) with the final decision to be made this year, the company’s chief executive officer and president Atikom Terbsiri said yesterday. (The Nation, 26/03/2019) More
Toyota primed for 2nd eco-car phase Toyota Motor Thailand is ready to implement its 10.41 – billion – baht eco – car project in 2019, the deadline year for Board of Investment (BoI) incentives. (Bangkok Post, 21/03/2019) More |
Charged up for the future While many executives of European car companies find Asian markets, particularly Thailand, to be different from elsewhere in the world, Roland Folger may be an exception. Last year Mr. Folger was appointed president and chief executive of Mercedes – Benz (Thailand) Ltd, the official distributor of Mercedes – Benz vehicles in the country. (The Nation, 23/03/2019) More |
| Legal / HR / CSR / Education |
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Documents required under the new transfer pricing law Thailand’s new Transfer Pricing law, which enters into force for accounting periods starting on or after January 1 2019, may require entities with income not less than Bt200 million to prepare and submit information related to the related party transactions. (The Nation, 28/03/2019) More
Fear of SME impact from minimum wage hike Promises to hike the daily minimum wage will incentive investors to relocate production bases to offset the higher wage burden, with financially stained small companies among those to be hit hardest, say business executives. (Bangkok Post, 21/03/2019) More
Departments trade data The Revenue Department has linked its information with the Legal Execution Department to better chase down the tax liabilities of people who went bankrupt. (Bangkok Post, 20/03/2019) More
OIC working with firms on data law protections The Office of the Insurance Commission (OIC) is working closely with insurance associations and related organisations to prepare for new legislation overseeing personal data protection. (Bangkok Post, 20/03/2019) More |
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BEUMER Group (Thailand)'s 20th Anniversary BEUMER Group (Thailand) Co., Ltd. led by Mr. Amir Sinai, Managing Director has arranged the annual office blessing on 28 March 2019. More
Celebrate 1st Anniversary @ The Surawongse Festival The Marriott Bangkok The Surawongse will celebrate its first anniversary at The Surawongse Festival on 6-7 April 2019. More
Innovative Finanzierungsstrukturen zur Unterstützung von Infrastrukturinvestitionen in der ASEAN-Region Da der Investitionsausschuss der thailändischen Regierung ausländische Investoren für seine ehrgeizigen Entwicklungsbemühungen für den östlichen Wirtschaftskorridor Thailands gewinnen will, ist die Zeit reif für die Erforschung einiger der Finanzmittel und Risikomanagementstrategien, die notwendig sind, um das erforderliche Ausmaß zu erreichen. (28/03/2019) 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 |
Validity period: 01 February - 31 December 2019 |
Business festival for innovation and digital technology Date: 25-27 June 2019 Location: Skolkovo Technopark
Register your visitor ticket today by clicking HERE. |
Media Partners for EMO Hannover 2019 |
German exhibitors have an average of eight objectives at trade fairs “AUMA MesseTrend 2019” survey now published Exhibitors pursue a wide range of objectives at trade fairs. Above all they want to etablish direct personal contacts with customers. This is one of the results of the AUMA MesseTrend 2019, a representative survey of 500 companies that exhibit at fairs with a focus on trade visitors.More |
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