9/03/2023
9/03/2023
14/03/2023
14/03/2023
15/03/2023
17/03/2023
17/03/2023
23/03/2023
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 |
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Inflation eases to 13-month low; exports seen down Headline inflation dropped to its lowest rate in 13 months , as the shippers' council expects the country's exports to contract 8% in the first quarter. (Bangkok Post, 07/03/2023) More
State eager to avoid fiscal fiasco The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain. (Bangkok Post, 07/03/2023) More
Asia-Pacific GDP forecast to grow 3.1% in 2023 The Asia-Pacific region's economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit. (Bangkok Post, 03/03/2023) More
Megaprojects, tourism to propel growth, Arkhom says A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith. (Bangkok Post, 28/02/2023) More
Thai consumption keeps increasing amid recovery Private consumption improved in January, according to the Fiscal Policy Office's director-general Pornchai Thiraveja. (Bangkok Post, 28/02/2023) More |
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| Technical Update - February 2023 |
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Export von Maschinen und Chemie nach Südostasien schwächelt In US-Dollar gerechnet sind die deutschen Exporte in die ASEAN im Jahr 2022 um mehr als 3 Prozent gesunken. Auch bei einigen der wichtigsten Ausfuhrgüter ist der Trend negativ. Mehr
Wirtschaftsdaten kompakt - ASEAN Die Reihe "Wirtschaftsdaten kompakt" wird zweimal jährlich im Mai und November aktualisiert. Mehr
Deutsche Exporte schrumpfen 2022 um 3,2 Prozent Die deutschen Ausfuhren in die ASEAN-Länder sanken 2022 auf knapp 30 Milliarden US-Dollar. Das Handelsdefizit mit der Region erreicht einen Rekordwert. Mehr
Sourcingchancen in Südostasien Die zehn ASEAN-Länder bieten deutschen Einkäufern noch viele unentdeckte Potenziale als Beschaffungsmarkt. Mehr |
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GTCC MEMBERS EXCLUSIVE SITE VISIT TO RUWAC ASIA LTD. |
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| Companies & Industrial Sectors |
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BoI talking to semiconductor makers The Board of Investment is in talks with semiconductor manufacturers from the US and Taiwan to encourage them to expand their production facilities to Thailand, part of government efforts to grow the electric vehicle industry. (Bangkok Post, 04/03/2023) More
Ministry says city’s port is staying put The Transport Ministry has poured cold water on a suggestion by the Bangkok governor to move Bangkok Port from Klong Toey, saying it plans to make it a green port. (Bangkok Post, 04/03/2023) More
Telenor Asia anticipates $2.5bn gain via synergy Telenor Asia expects a synergistic effect worth up to US$2.5 billion over the next three years from the mergers of True Corporation and DTAC in Thailand and Celcom and Digi in Malaysia. (Bangkok Post, 03/03/2023) More
Thai firms top S&P sustainability index A total of 37 Thai companies have been included in S&P Global's Sustainability Yearbook 2023, with 12 awarded "Gold Class", the highest tally globally for the best performing sustainable companies in their industry, the Stock Exchange of Thailand (SET) reported yesterday. (Bangkok Post, 03/03/2023) More
FTI anticipates lower May power tariff FTI expects the new mid-year power tariff, which is used to calculate electricity bills, to not exceed 5 baht per unit following a drop in LNG prices. (Bangkok Post, 02/03/2023) More |
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GTCC BUSINESS WOMEN NETWORKING 1/2023 |
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Southeast Asia the ‘new China’ for supply chains: business group Southeast Asia is the “new China” and should be the centre of the global supply chain, the head of an influential regional business body has said. (Aljazeera, 07/03/2023) More
Malaysia in fight with Thailand, Indonesia for Tesla & Elon Musk's regional hub nod? Tesla Inc coming to Malaysia means it will be a three-way fight to host the US electric vehicle manufacturer's manufacturing hub in Southeast Asia. (New Straits Times, 03/03/2023) More
B41.5bn set aside for renewables Super Energy Corporation, Thailand's largest operator of solar farms by capacity, plans to increase its revenue in 2024 and 2025 by allocating capital spending of 41.5 billion baht to fund renewable projects in Thailand and Vietnam. (Bangkok Post, 01/03/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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MOL concludes MoU on building clean hydrogen/ammonia value chain in Thailand Mitsui O.S.K. Lines, Ltd. (MOL) announced the signing of a memorandum of understanding (MoU) on building a clean hydrogen and ammonia value chain derived from renewable energy sources in southern Thailand, with the Electricity Generation Authority of Thailand (EGAT), Mitsubishi Company (Thailand) Ltd., and Chiyoda Corporation. (H2 Bulletin, 06/03/2023) More
Thailand Targets $57 Billion Investment in Green, Tech Sectors Thailand expects foreign and local companies to pump in about 2 trillion baht ($57 billion) into sectors such as electric vehicles, smart electronics and technologies to build a green and sustainable economy by 2030. (Bloomberg, 03/03/2023) More |
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THAI GERMAN CONFERENCE "SOLAR PV AND GRID INTEGRATION" |
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Thailand's Indorama Ventures scouts for acquisitions in Europe, Africa - CEO Thailand-based petrochemical group Indorama Ventures PCL (IVL.BK) is hunting for acquisitions especially in Europe and Africa as part of its strategy to speed up growth, its founder and group chief executive officer told Reuters. (Reuters, 28/02/2023) More
Thai government endorses Thailand-EU FTA The Thai government has officially endorsed the effort to establish a free trade agreement between Thailand and the European Union. (Thai Business News, 21/02/2023) More |
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GTCC HR BRIEFING & NETWORKING |
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| Legal / HR / CSR / Education |
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Employment 'back to pre-Covid levels' About 230,000 recent graduates remained out of work as 64.5% had been rejected by potential employers in the 4th quarter of last year, according to the National Economic and Social Development Council (NESDC). According to a NESDC report on the labour situation for that quarter, the employment situation improved due to new jobs in the non-agricultural sector. However, employment in the agricultural sector has declined since the second quarter. (Bangkok Post, 03/03/2023) More
14.6m low-income people newly approved for welfare cards The cabinet yesterday approved the registration of 14.6 million low-income people eligible to receive benefits under a new phase of the government's state welfare card programme, which is due to begin on April 1, Prime Minister Prayut Chan-o-cha said. (Bangkok Post, 01/03/2023) More
Coachology: NLP Leadership Practitioner 4-in-1 Certification 9 – 13 March 2023. This program is uniquely designed for you to increase your Leadership capacity in today’s dynamic Business environment. More
Hansen Beck: Success & Positive Influence 17 March 2023. Learn practical strategies to develop a positive mindset, influence others effectively, and generate immediate results. More |
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| Important update on Covid-19 |
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Thailand spent B444bn in 3 years to fight pandemic Thailand spent a total of 444 billion baht (copy2.8 billion) on public health during the three years of the pandemic to contain the spread of Covid-19 and vaccinate its population, according to the Ministry of Public Health. (Bangkok Post, 05/03/2023) More
Push to overcome vaccine delays Authorities are working to speed up the rollout of childhood immunisation programmes that have been delayed by Covid-19 for three years. (Bangkok Post, 02/03/2023) More |
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Gulf completes purchase of US gas plant Gulf Energy Development Plc is set to rake in more revenue after becoming an owner of Jackson Generation, a 1,200-megawatt gas-fired power plant in the US. Bangkok Post, 01/03/2023) More
Mercedes-Benz appointed new President and CEO of Mercedes-Benz Thailand Mercedes-Benz AG announced the appointment of Martin Schwenk as the new President and CEO of Mercedes-Benz (Thailand) Limited, succeeding Roland Folger who will take over a new position at Mercedes-Benz's headquarter in Germany. More
Schüco at the BAU 2023 Exhibition in Munich Be inspired by the latest innovations of window, door and façade products and services from Schüco for secure and smart construction, fully sustainable projects and fascinating buildings at the BAU 2023 exhibition stand 301 in Hall B1 from 17 – 22 April 2023. More GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Chamber Representatives Peenita Silapasuwan Jakaphet Puangmala |
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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 |
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DMEA 25-27 April 2023, Berlin, Germany
DMEA, Europe´s Leading Digital Health Conference and Trade Fair for digitalisation in the healthcare sector, will take place for the sixteenth time on the Berlin Exhibition Grounds. The focus will be ranging from digitalisation strategies for the healthcare sector and nursing to consumer health and data protection in inpatient facilities as well as interoperability. More |
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LIGNA 2023 15-19 May 2023, Hannover, Germany Over 105,000 square meters of exhibition space and more than 1,100 exhibitors: LIGNA 2023 celebrates its return to presence with a comprehensive overview of the woodworking and wood processing industry. Despite the tense global political situation, the positive booking status confirms LIGNA's status as the world's leading trade show. More |
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German Trade fairs take off powerfully Since January, more than 50 trade fairs have taken place in Germany, more than 60 are still planned until the end of March. Among them outstanding shows such as the travel fair ITB in Berlin, the world's leading trade fair for water, heat and air ISH in Frankfurt and the International Dental Show IDS in Cologne. The latter will celebrate 100 years of existence this March. More |
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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 |
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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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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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