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Three new areas in biochemical hub The Industry Ministry is speeding up development of its biochemical hub in three new provinces -- Chachoengsao, Ubon Ratchathani and Lop Buri -- in addition to the four ongoing provinces of Khon Kaen, Nakhon Sawan, Kamphaeng Phet and Udon Thani. (Bangkok Post, 29/04/2019)More
Asia-Pacific economies to slow, Thailand’s growth rate lower than regional average: World Bank projection According to the World Bank, the economic growth in East Asia and the Pacific is projected to soften to 6 per cent in 2019 and 2020, down from 6.3 per cent in 2018, largely reflecting global headwinds and a gradual slowdown in China. (The Nation, 24/04/2019)More
Somkid urges agencies to maintain momentum The government is requiring state agencies to speed up their work despite the lull in activity during the formation of a new government, hoping to maintain economic momentum and attain 4% GDP growth this year. (Bangkok Post, 23/04/2019)More
Struggling to get 5G right As the nation’s telecom operators race to develop 5G infrastructure, the government is finding ways to subsidize development by delaying payments for past auctions and changing the sales process for the next round. (Bangkok Post, 22/04/2019) More
BoT: Growth will be on track if next govt formed by June The economy is expected to grow 3.8% this year as forecast, if the next government can be formed by June, the Bank of Thailand governor said on Friday. (Bangkok Post, 19/04/2019) More
Export prospects top meeting The Trade Promotion Department is scheduled by the end of April to speak with the top 10 export-driven manufacturers to evaluate prospects and discuss how to accelerate shipment growth in the second and third quarters. (Bangkok Post, 18/04/2019)More |
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| Companies & Industrial Sectors |
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DTGO spins loyalty points into money on xCash app DT Group of Companies (DTGO), a business organisation under Charoen Pokphand (CP) Group, has set up Digitalife Corporation (DLC), a new company to expand into the digital business globally, diversifying for a new engine of growth. (Bangkok Post, 29/04/2019)More
PPP panel to mull 6 more projects Six additional projects worth a combined 85 billion baht are expected to seek the Public-Private Partnership (PPP) committee's approval this year to proceed under the joint investment scheme. (Bangkok Post, 29/04/2019)More
Amazon opens Thai office, eyeing growth Amazon, the largest e-commerce company in the world, recently opened a new office in Thailand, its second office in Asean after the flagship in Singapore, as it expands operations in the country to provide resources and training to Thai merchants selling products overseas on the platform. (Bangkok Post, 24/04/2019)More
How mergers are changing Thailand’s banking sector Thanachart Bank and TMB Bank, two of Thailand’s largest financial institutions, have signed a non-binding memorandum of understanding (MoU) to undertake a merger following government efforts to encourage consolidation in the domestic banking industry. (Oxford Business Group, 24/04/2019)More
New orders push up industry confidence The industry confidence index in March rose to 96.3 from 95.6 in February, thanks to a rise in the value of new orders in auto, construction, printing and food sectors, the Federation of Thai Industries chairman, Supant Mongkolsuthree, said yesterday. (The Nation, 24/04/2019)More
ETDA building local e-commerce platform for B2C market The Electronic Transactions Development Agency (ETDA) plans to invest 1 billion baht through strategic partners to build a local e-commerce platform to compete with global giants like Alibaba and JD.com. (Bangkok Post, 24/04/2019) More
Oryx Stainless Thailand opens a new site in Thailand Oryx Stainless (Thailand) Co., Ltd., the market leader in stainless steel recycling in Thailand and South East Asia, opened its new site in Chachoengsao province, Thailand. (Finanzen.net, 23/04/2019)More |
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Cambodia-Thailand trade to develop further Cambodia and Thailand have agreed to develop more strategies to boost bilateral trade, to achieve a target of USD 15 billion by 2020. (Thailand Business News, 25/04/2019) More
Pacts aim to lure investment ASEAN Economic Ministers signed two vital agreements on services and investment, aiming to attract more foreign investors to lift the region’s economic growth. (Bangkok Post, 24/04/2019)More
RCEP a challenge for ASEAN chair Concluding the negotiations for the Regional Comprehensive Economic Partnership (RCEP) presents the biggest challenge to Thailand as this year’s ASEAN chair, trade officials said. (The Nation, 23/04/2019)More
ASEAN to ink automotive MRA this year ASEAN is scheduled to sign a Mutual Recognition Arrangements (MRA) pact on automobiles and parts in September to reduce production costs and facilitate exports and imports of automotive products among members. (Bangkok Post, 22/04/2019) More |
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Plastic packaging industry braces for eco-friendly measures Plastic packaging producers should be prepared for new government measures because it has set a goal to ban seven single-use plastic types by 2025, says Siam Commercial Bank Economic Intelligence Center (SCBEIC). (Bangkok Post, 23/04/2019)More |
TÜV SÜD to help build battery lab in Thailand TÜV SÜD is participating in the construction of a battery test centre near Bangkok in Thailand. The German testing and certification service provider has now signed a corresponding cooperation agreement with the local Ministry of Industry and the Thailand Automotive Institute (TAI). (electrive, 30/03/2019) More |
| Legal / HR / CSR / Education |
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Thailand’s new Labour Protection Act To meet international labour law standards, Thailand has announced a new labour protection act. The main changes relate to better compensation and leave allowances, which have been amended to bring them more into line with current standards. (Thailand Business News, 24/04/2019)More
Tax perk for property buyers on the cards The Revenue Department has proposed a tax deduction for property buyers as part of a seven-measure package to prop up economic growth during the transition to a new government. (Bangkok Post, 23/04/2019) More |
Continental celebrates the Grand Opening of its Greenfield Tire Plant in Rayong, Thailand The international technology company Continental officially starts tire manufacturing operations at its Greenfield tire plant in Rayong, Thailand. The Thai manufacturing facility will produce up to four million passenger and light truck premium tires per year for Thailand and the APAC region. Investments of more than €250 million in the Rayong tire plant will create about 900 new jobs by 2022. More
Samitivej Virtual Hospital, the Hospital at Your Fingertip Samitivej is the first hospital in Thailand to offer virtual health services: Samitivej Virtual Hospital can be accessed anywhere, anytime by mobile phone and enables patients to see a doctor without the need to go to a hospital. Samitivej Virtual Hospital, helps patients to save valuable time by providing these three key services: Teleconsultation, Test@Home and Medicine Delivery. More
gerenga Service (Thailand)'s new product “GES 4.0” Visitors of Intermach 2019 could program all different available versions of GES 4.0 and gerenga’s robot applications by themselves, at booth Education Show Case (Hall 104) during 8-11 May 2019. More |
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New Applications Approved in April Board Meeting
Chamber Representatives Ralph J. Rettler and Teerasak Wongpiya
Chamber Representatives Harsh Deept Dash and Unchisa Thongtiamporn Chamber Representative Francesco Mesiti Chamber Representatives Andrew Raming and Oak Samart
Chamber Representative Thanaphat Techakuakulwong Chamber Representatives Alexandra Reich and Rajiv Bawa |
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Featured: Thailand strives for data security; Interview: Digitalisation and e-commerce proving successful for Würth; Thailand Economic Outlook 2019; and GTCC Ordinary General Meeting 2019 // Business Brief // Chamber Activities // GTDEE Insights // Trade Fairs // Members' Corner |
Bambino Co., Ltd.offers 10% discount on products and services for members only at Solitaire Central Embassy branch (B1 floor)
Validity period: Now - 31 December 2019 |
Business festival for innovation and digital technology Date: 25-27 June 2019 Location: Skolkovo Technopark
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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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