20/04/2023
20/04/2023
25/04/2023
26/04/2023
27/04/2023 [Save the date] GTCC YP Network Evening with OOZOU
28/04/2023 [Save the date] GTCC Multi-Chamber Eastern Seaboard Seminar with Rhenus Logistics @ Hilton Pattaya
28/04/2023
26/05/2023
For more events, please click HERE |
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Rebalance your portfolio Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown. The volatility is primarily driven by rising interest rates, high inflation and the recent banking turmoil in the US and Europe. Gold, normally perceived as a safe-haven asset during recessions or periods of uncertainty, is used by some investors as a hedge against inflation. (Bangkok Post, 3/4/2023) More
FTAs yield 5.39 billion Dollar tariff cut for Thai products in January Thailand received tariff reductions worth 185.49 billion baht (US$5.39 billion) under 12 free-trade agreements (FTAs) in January. (The Nation Thailand, 3/4/2023) More
Outlook for stable gains Thailand's economy is estimated to expand by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and pent-up demand following China's reopening. The 2023 outlook was unchanged from its forecast in December. The World Bank projects Thai economic growth of 3.7% in 2024. (Bangkok Post, 1/4/2023) More
Thailand records current account surplus of 3bn USD Thailand recorded a current account surplus of USD 3 billion in February, after a revised deficit of $2.1 billion in the previous month. Exports, a key driver of growth, declined 4.1% year-on-year in February. (Bangkok Post, 31/3/2023) More
Thai exports expected to recover in second half The Commerce Ministry projects the country's export sector to gradually recover in the latter part of the year as inflationary pressures and global supply chain issues align with energy price trends. (Bangkok Post 31/3/2023) More
Confidence index remains weak in Q1 The Tourism Confidence Index for the first quarter remained below the pre-pandemic level because of concerns over high energy costs and Chinese businesses using nominees. (Bangkok Post, 30/3/2023) More
Central bank raises policy interest rate by 25 basis points to 1.75% The Monetary Policy Committee (MPC) of the Bank of Thailand on Wednesday voted unanimously to raise the policy rate by another 25 basis points, from 1.50% to 1.75% per annum, with immediate effect. (The Nation Thailand, 29/3/2023) More
Feb factory output down 2.71%, better than forecast Thailand's manufacturing production index (MPI) in February dropped by 2.71% from a year earlier, as slowing global demand hurt exports. (Bangkok Post, 29/3/2023) More Thailand unscathed by Western banking turmoil Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand. (Bangkok Post, 27/3/2023) More |
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| Mazars Technical update – March 2023 |
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Hersteller von Biokraftstoffen suchen nach Alternativen Thailand war im Jahr 2021 der weltweit siebtgrößte Hersteller von Biokraftstoffen. Umgerechnet in Öläquivalente wurden durchschnittlich etwa 6,4 Millionen Liter pro Tag produziert. Die Hersteller steigerten ihren Output seit 2008 um das Vierfache. Mehr
Thailand bereitet Nutzung von grünem Wasserstoff vor Thailand hat sich verpflichtet, bis zum Jahr 2065 netto keine Treibhausgase mehr zu emittieren. Eine staatliche Strategie zur Verringerung von Treibhausgasemissionen sieht auch den Einsatz von grünem Wasserstoff vor, macht dazu aber keine Vorgaben. Mehr |
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GTCC MULTI-CHAMBER EASTERN SEABOARD NETWORKING |
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| Companies & Industrial Sectors |
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Incremental growth Insurers expect a transition year for the industry as the focus shifts to health and customized policies. The industry is expected to post 0-2% growth in gross written premiums (GWP) this year, while first-year premiums are forecast to expand at a rate of 2-5. (Bangkok Post, 3/4/2023) More
HP growth strategy looks to new product categories HP Inc is planning for future growth opportunities by focusing on solutions and user experiences beyond the personal computer market amid global economic headwinds. Among the company's new product and service categories are hybrid work portfolios, artificial intelligence, security and sustainability products. (Bangkok Post, 3/4/2-23) More
Building a digital bank with a human touch Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency. (Bangkok Post, 1/4/2023) More
Agents predict 1m Chinese in Q2 The Association of Thai Travel Agents (Atta) expects 1 million Chinese tourists in the second quarter of this year, following positive signs of flight resumptions, while urging authorities to help regulate "zero-dollar" tours and illegal tour guides. (Bangkok Post, 1/4/2023) More
Kerry Logistics Network proposes raising 3.4bn Baht Kerry Logistics Network Ltd (KLN) has announced a proposal to issue a convertible bond for an aggregate principal of up to 3.4 billion baht to propel Kerry Express Thailand's expansion and solidify its market leadership. (Bangkok Post, 31/3/2023) More
Higher sugar prices pose new threat to food inflation Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation. (Bangkok Post, 30/3/2023) More SCBAM eyes 3-5% growth in assets SCB Asset Management (SCBAM) aims to grow its assets under management (AUM) by 3-5% this year from 1.6 trillion baht recorded in 2022. (Bangkok Post, 24/3/2023) More |
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ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard ASEAN cross-border digital payment system would be expanded further and allow ASEAN states to use local currencies for trade. As well, the Bank of Indonesia is preparing to introduce its own domestic payment system. (ASEAN Briefing, 29/3/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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Gulf issues 8bn Baht in green bonds Gulf Energy Development Plc has raised 8 billion baht in green bonds for its wind power project, together with 12-billion-baht worth of non-green bonds. (Bangkok Post, 31/3/2023) More
Producers bank on uptick in EV demand Global car manufacturers are hoping for strong sales of electric vehicles (EVs) in Thailand as the 2023 Bangkok International Motor Show commences on Wednesday. (Bangkok Post, 22/03/2023) More
Thai company wins grant for region’s largest cross-border wind farm in Laos The Asian Development Bank (ADB) has given a Thai firm a nearly $700 million grant to build the largest cross-border wind farm in Southeast Asia as the Thai energy sector continues its evolution to renewables and greater sustainability. (Reve, 17/03/2023) More |
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Calls for bids on Chatuchot-Lam Luk Ka expressway expected in May Bids for the construction of the 16.21-kilometre Chatuchot - Lam Luk Ka extension of the Chalongrach expressway from northeastern Bangkok are expected to be called for in May. (Bangkok Post, 2/4/2023) More |
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| Legal / HR / CSR / Education / Health |
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Watson Farley & Williams Thailand's latest article Watson Farley & Williams (Thailand) Ltd published the latest article on Defects and the Desire for Fitness for Purpose – a Thai Law Perspective. More |
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| Important update on Covid-19 |
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Flu vaccine 'a top priority' this year Doctors are urging people to receive influenza vaccines to boost their immunity amid concerns that the flu is likely to rebound following the Covid-19 pandemic. (Bangkok Post, 3/4/2023) More |
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DACHSER opens new office in Chiang Mai The latest office opening will reinforce DACHSER’s position to deliver outstanding services to the electronics, fashion and sports, and food industries in the northern part of Thailand. More
Linde Material Handling Thailand Launches New Customer Experience Center (CEC) in Bangna - Trad This CEC will allow sales team to showcase their products and solutions. In addition, the service team will be able to response our customers' needs in a shorter time frame. More
Carlton Hotel Bangkok Sukhumvit: Wah Lok Featured in MICHELIN Guide 2023 Wah Lok Cantonese Restaurant is featured in Thailand's Michelin Guide 2023, retaining its first listing in 2022. This consecutive Michelin feature is a recognition of the excellence and consistency of the Wah Lok culinary and service team. 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 Jirachanthana Rochdarongkul Eakkapol Chatpreechakul
Chamber Representatives Walter Stroeder Sonthaya Rasniyom
Chamber Representatives Paul Bruck Katharina Bruck
Chamber Representatives John Westoby Suwanich Kanjanakunya |
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Chamber Representatives Dr. Gerald Neumann Alain Dario Everts
Chamber Representatives Anan Jamnansribejra Bryan Gabriel Joseph
Chamber Representatives Worawalan Tanesakorn Vignesh Nathan
Mr. Markus Hillebrand |
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transport logistic 9-12 May 2023, Munich, Germany
transport logistic is the world's leading trade fair for logistics, mobility, IT and supply chain management that has been held every two years in Munich. It is the platform for international networking in the logistics industry that offers innovative products, systems and technologies as well as a wealth of expert knowledge. 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. The positive booking status confirms LIGNA's status as the world's leading trade show. More |
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automatica 27-30 June 2023, Munich, Germany
As the leading exhibition for smart automation and robotics, automatica features the world’s largest range of industrial and service robotics, assembly solutions, machine vision systems and components. 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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ASEAN Snapshot 2023 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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Asien - Geschenke über die Grenze Anbei erhalten Sie einen Überblick über die Zollbestimmungen von Geschenken an Geschäftspartner in asiatischen Staaten. Informationen und Hinweise zu den kulturellen Besonderheiten sind ebenfalls abrufbar. Meh |
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Chadaphan Maliphan
Publication and Communication Manager |
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