20/04/2023
20/04/2023
25/04/2023
26/04/2023
27/04/2023
28/04/2023
28/04/2023
26/05/2023
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Ministry details soft power initiative The Commerce Ministry has pledged to move ahead with measures to drive the government's soft power development policy, with a focus on promoting Thai cultural products worldwide through a "5F" approach referring to food, film, fashion, fighting and festivals. (Bangkok Post, 17/4/2023) More
Central bank to continue gradual monetary tightening The Bank of Thailand's (BoT) Monetary Policy Committee (MPC) said it would continue its approach of gradual and measured policy normalisation as it hiked the key interest rate last month. (Bangkok Post, 12/4/2023) More
Agencies predict economic uptick Asian Development Bank (ADB) and Japan Center for Economic Research (JCER) anticipate a rebound in 2023 and 2024. (Bangkok Post, 12/4/2023) More
Economy expected to grow 3.6% this year - central bank Thailand's economy is expected to grow 3.6% this year. The BoT last month raised interest rates a quarter a percentage point to 1.75%. The central bank has raised its key rate by a total of 125 basis points since August, less aggressive than many of its regional peers. (Bangkok Post, 10/4/2023) More
Inflation forecast lowered for 2023 The Commerce Ministry has downgraded its headline inflation outlook for this year from a range of 2-3% to 1.7-2.7%, in line with economic conditions and falling energy prices. (Bangkok Post, 6/4/2023) More |
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| Mazars Technical update – March 2023 |
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GTCC Young Professionals Networking Evening |
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GTCC Multi Chamber Eastern Seaboard Briefing with Rhenus Logistics |
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| Companies & Industrial Sectors |
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Sharge seeks partners as EV demand increases Sharge Management Co, a provider of charging systems for battery-powered vehicles, is planning to expand and adjust its business by forging new partnerships or raising funds as demand for electric vehicles (EVs) grows. (Bangkok Post, 17/4/2023) More
Listed banks post flat loan growth The banking sector is expected to post marginal loan growth in the first quarter this year, attributed to sluggish demand caused by the global economic slowdown and Thailand’s uneven economic recovery. (Bangkok Post, 15/4/2023) More
Apple in talks with suppliers to make MacBooks in Thailand Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China. (Bangkok Post, 13/4/2023) More
Banks hesitate in rush to cashless era The banking industry's push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs. (Bangkok Post, 12/4/2023) More
Campaign to boost fruit sales The Internal Trade Department under the Commerce Ministry has teamed up with hypermarkets, supermarkets and department stores to proactively manage the distribution of seasonal fruits, with the aim of reaching a target of 100,000 tonnes this year. (Bangkok Post, 11/4/2023) More
Agency upbeat on carbon credit market The carbon credit market is growing rapidly, indicating an opportunity to increase the value of agricultural and export products as well as reduce carbon emissions. (Bangkok Post, 10/4/2023) More
Travel revival robust As travel continues to recover post-pandemic, nights booked in Thailand on Airbnb more than doubled last year from 2020. (Bangkok Post, 10/4/2023) More
Dasta sets goal for B5m-10m revenue The Designated Areas for Sustainable Tourism Administration (Dasta) is aiming to earn revenue of at least 5 million to 10 million baht per year, reducing dependency on the state budget. (Bangkok Post, 8/4/2023) More
Airfares could spike after Opec cut Airlines are expecting higher airfares than usual during the upcoming low season as oil cartel Opec and its allies announced production cuts. Opec plans to lower oil production by 1.16 million barrels per day, starting next month, which has led to a surge in prices. (Bangkok Post, 7/4/2023) More
NT bullish on 700MHz prospects National Telecom’s (NT) plan to develop a service on the 700-megahertz band is expected to improve the state enterprise’s service capacity, generate future revenue stream and reinforce the spectrum portfolio of its partner Advanced Info Service (AIS). (Bangkok Post, 6/4/2023) More
SE Asia telecom mergers revolutionise industry: Indosat’s success story he telecom industry in Southeast Asia is experiencing a dynamic transformation following the merger of the region’s leading telecom operators. This consolidation is designed to improve the competitiveness and capabilities of the telecom operators by leveraging their resources to gain efficiency while building customer value. (Bangkok Post, 5/4/2023) More
Truckers to cut freight rates from Friday Truck operators will reduce freight charges by 3% on Friday, when the price of standard diesel is set to fall to 33 baht a litre at the pump. (Bangkok Post, 4/4/2023) More |
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Ageing Thailand will see ‘social-welfare costs rise to 1 trillion baht in 2033’ The rising number of elderly people requires an increase in government spending to care for them, while the tax revenue from the working-age population faces downward pressure. (The Nation Thailand, 14/4/2023) More
E-donations to be given tax cut priority Donations to education, sports and social development will only gain a double tax deduction if they are made via an electronic channel. (Bangkok Post, 11/4/2023) More
OECD predicts SE Asian growth to decline Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows. Thailand's economic growth is projected to increase from 2.6% last year to 3.8% in 2023, ranking sixth among regional economies. (Bangkok Post, 10/4/2023) More
Thailand and neighbours sign pact on Mekong development amid dam fears The Mekong River Commission (MRC)’s four member countries – Thailand, Cambodia, Laos, and Vietnam – on Wednesday signed an agreement reaffirming their cooperation for sustainable development of the river. (The Nation Thailand, 7/4/2023) More
Government preps space economy master plan The government, through the Office of National Digital Economy and Society Commission (ONDE), plans to implement the first national master plan for the space economy by the end of this year. (Bangkok Post, 5/4/2023) More |
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Thailand to impose a carbon tax on 3 sectors Carbon tax imposed by the Excise Department should help Thailand achieve its goals of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2063. (Thailand Business News, 12/4/2023) More
Demco keen on expansion in renewable energy sector SET-listed Demco, a contractor and engineering service provider, is expanding its clean energy business following diversification into this sector by joining the government's promoted renewable power development scheme. The company proposed power generation projects in an auction for the 5.2-gigawatt renewable power scheme. (Bangkok Post, 8/4/2023) More
CKPower steps up its renewable energy drive CK Power Public Company Limited (CKP), the leader in hydroelectric power plants, has set its sights on becoming one of the largest business operators generating and distributing power from renewable energy sources in Southeast Asia, with one of the lowest carbon footprints. (Bangkok Post, 7/4/2023) More
UAC allots B300m for renewable drive UAC Global Plc, a chemical trader and clean power operator, plans to allocate 300 million baht to support diversification into renewable energy and oil production development. (Bangkok Post, 7/4/2023) More |
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World Bank members endorse moves to boost lending by $50bn over decade World Bank member countries have endorsed measures allowing a US$50 billion lending boost over the next decade. It is part of an ongoing evolution of the development lender amid pushes for it to meet global challenges like climate change. (Bangkok Post, 13/4/2023) More
Election ‘should not affect EEC plan’ The five-year investment plan worth 2.2 trillion baht for the Eastern Economic Corridor (EEC) should not be affected by a change in government after the May 14 election. (Bangkok Post, 4/4/2023) More |
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| Legal / HR / CSR / Education / Health |
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How to manage a cat-and-mouse game Law enforcement alone is inadequate for Thailand to effectively deal with rampant cyber-risks. The country also needs other key elements in place to plug loopholes. A recent breach resulting in personal data being leaked by the hacker "9Near" serves as a wake-up call to the nation, especially state authorities in charge of cybersecurity. (Bangkok Post, 10/4/2023) More
Thailand will be 'super-aged' by 2029 Due to a decrease in the population in the past three years, Thailand is expected to become a super-aged society by 2029. The research also shows the number of newborns and adolescents between 2020 and 2022 has fallen. (Bangkok Post, 9/4/2023) More
Thailand’s workforce faces two major challenges, says ManpowerGroup ManpowerGroup says Thailand’s labour market faces two big challenges in the next five years – shortages of IT skills and English language proficiency. (The Nation Thailand, 7/4/2023) More |
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| Important update on Covid-19 |
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Safety alert as Bangkok braces for first Songkran water battles after Covid Bangkok on Wednesday issued strict safety measures for the first Songkran festival after Covid, including alcohol bans at certain venues in the capital. (The Nation Thailand, 6/4/2023) More |
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GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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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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