17/05/2023
19/05/2023
26/05/2023
08/06/2023
08/06/2023
13/06/2023
14/06/2023 [Save the date] GTCC Business Women Networking OPEN x Indorama Venture Pride “DEI in practice”
For more events, please click HERE |
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Number of registered businesses at highest level in a decade A total of 6,041 new businesses were registered in April, an increase of 12.37% over the same period last year, according to data released by the Department of Business Development under the Commerce Ministry. (The Nation Thailand, 12/05/2023) More
Uptick in consumer confidence persists Consumer confidence in April rose for an 11th straight month, reaching the highest level in 38 months, helped by a reduction in Covid-19 infections, the recovery of domestic tourism and lively election campaigns nationwide. (Bangkok Post, 12/05/2023) More
Food exports seen at record high this year Thailand's food exports are expected to rise by 2.1% to a record of 1.5 trillion baht (US$44.31 billion) this year, helped by a recovery in global demand and China's reopening. (Bangkok Post, 10/05/2023) More
B37bn boost for special border zones Special Border Economic Zones in ten provinces have seen over 37 billion baht worth of investment in the past eight years. (Bangkok Post, 09/05/2023) More
GDP growth outlook maintained at 3.0-3.5% Thailand's economy is expected to grow 3.0% to 3.5% this year, a leading joint business group said on Wednesday, unchanged from a previous forecast as the tourism sector gathers steam and exports remain weak. (Bangkok Post, 03/05/2023) More
Investment in factories creates 30,000 jobs in H1 Thailand built or expanded 1,211 factories during the first half of fiscal 2023 with an investment value of 113 billion baht, generating more than 30,000 jobs, according to the Industry Ministry. (Bangkok Post, 03/05/2023) More |
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| Mazars Technical update - April 2023 |
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Deutscher Außenhandel mit Thailand erreicht Rekord Deutsche Unternehmen beschaffen immer mehr Waren aus Thailand. Ein Freihandelsabkommen mit der EU soll die Marktzugänge erleichtern. (Thomas Hundt, 03/04/2023) More |
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GTCC AFTERWORK BREIFING WITH LUTHER |
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GTCC AFTRERWORK NETWORKING |
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| Companies & Industrial Sectors |
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Thai rice exports soar in first 4 months of 2023 Thailand’s rice exports in the first four months of this year surged to 3.05 million tonnes, resulting in increased income and confidence among farmers. (The Nation Thailand, 15/05/2023) More
Thai tourism rebound evident with surge in new business registrations Thailand’s tourism sector has witnessed a strong rebound, as evidenced by the significant surge in new registrations for tourism-related businesses during the initial four months of this year. (Thaiger, 13/05/2023) More
More funds needed for Thai govt's cloud-based operations, says commission The National Digital Economy and Society Commission is seeking additional funding for the Government Data Centre and Cloud Service (GDCC), which aims to provide additional virtual machines (VMs) to state agencies. (The Nation Thailand, 13/05/2023) More
State banks increase interest rates to attract depositors State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%. (Bangkok Post, 12/05/2023) More
Power use surges to record high The boiling hot weather in Thailand is causing an upsurge in electricity consumption, leading to a record high of 34,826.5 megawatts on May 6. (Bangkok Post, 09/05/2023) More
SCG Cement unit upbeat on growth in 2023 Construction materials producer SCG Cement-Building Materials expects cement consumption this year to grow by 1-2% year-on-year to more than 30 million tonnes, mainly attributed to the tourism recovery. (Bangkok Post, 6/5/2023) More
Thai Union sees sales picking up Thai Union Group (TU), one of the world’s largest seafood processors, says it is seeing signs of a sales recovery after a first-quarter dip. (Bangkok Post, 06/05/2023) More
Gearing up for the grey: How an aging population is creating new business opportunities Thailand is among the fastest-aging societies in the world. Of its 67 million population, more than 12 million Thais are elderly. (Thai PBS World, 02/05/2023) More
BAAC set for 2% farm loan growth The Bank for Agriculture and Agricultural Cooperatives (BAAC) expects its loans to farmers in fiscal 2023 to expand by 2% from the previous year. (Bangkok Post, 03/05/2023) More |
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Asean pact pushes local currencies The cabinet has approved Asean's joint plans to push for the use of local currencies for payments in the region.(Bangkok Post, 10/05/2023) More
Thailand seeks to lead Asean intellectual property network in bid to protect Thai products Thailand has shown interest in leading the Asean Network of Intellectual Property Enforcement Experts (ANIEE) to help tackle intellectual property infringement in the region. (The Nation Thailand, 09/05/2023) More |
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ABM eyes 20% revenue growth in 2023 Asia Biomass Plc (ABM), Thailand's largest biomass fuel producer and trader by volume, expects revenue to grow by 20% this year to more than 3.6 billion baht thanks to its business expansion amid growing concerns over global warming. (Bangkok Post, 13/05/2023) More
Business school develops ‘LIFE’ marketing strategy to tap sustainability trend Thai entrepreneurs can use the “LIFE” strategy to tap growing demand for sustainable goods and services, according to one of Thailand’s top business schools. (The Nation Thailand, 12/05/2023) More
Excise requests extra B3bn for EV subsidy The Excise Department plans to ask for an additional government budget of 3 billion baht to subsidise the use of electric vehicles (EVs) in the state EV subsidy scheme. (Bangkok Post, 05/05/2023) More
BoI woos Chinese EV battery giant Thai authorities are in talks with China-based CATL, the world’s biggest electric vehicle battery maker, and others to build production facilities in the country to fuel its EV production hub ambitions, according to the head of the Board of Investment (BoI). (Bangkok Post, 03/05/2023) More |
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Asian businesses keen on expanding abroad Southeast Asia and China have emerged as the two leading destinations for overseas expansion as 83% of businesses in Asia are keen to expand abroad(Bangkok Post, 15/05/2023) More Thailand still attractive as manufacturing base as more foreign firms shift operations here The first half of this fiscal year has seen many foreign companies shifting their manufacturing bases to Thailand and taking over up to 2,900 rai (464 hectares) of land in industrial estates. (The Nation Thailand, 09/05/2023) More
Thailand eyes 3 deals by 2024 Thailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and investment. (Bangkok Post, 05/05/2023) More |
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| Legal / HR / CSR / Education / Health |
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Political analysts, business groups react to Thailand election results Thailand's opposition leader Pita Limjaroenrat said on Monday he was ready to become the next prime minister, after his Move Forward Party finished first in an election that crushed parties allied with the military-backed establishment. (Reuters, 15/05/2023) More
Relocation tax package to yield B6bn The Revenue Department expects tax measures supporting the relocation of foreign investors' production bases to attract investment of around 6 billion baht within three years. (Bangkok Post, 15/05/2023) More
Roughly 60% of people in Asia-Pacific work a side job Almost 60% of people in Asia-Pacific have a side job, with the majority saying they do so to make ends meet.(Bangkok Post, 12/05/2023) More
First term spending to reach B57.8bn People's spending ahead of the first term of school, which starts in the middle of this month, is expected to reach 57.8 billion baht, the highest since the survey was first conducted in 2010. (Bangkok Post, 09/05/2023) More
Ministry targets B50bn from sales of GI products The Commerce Ministry has set its sights on increasing sales from geographical indication (GI) products to 50 billion baht this year, up from 48 billion baht in 2022. (Bangkok Post, 09/05/2023) More
Ministry sets targets for tax reform The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties. (Bangkok Post, 05/05/2023) More
Fuel tariff adjustment should reduce food production costs, TCC says The rise in electricity bills since the start of this year has increased the overall cost of food manufacturing by 2.5% to 5%, Wisit Limleucha, vice president of the Thai Chamber of Commerce said. (The Nation Thailand, 02/05/2023) More
800,000 moved to other provinces in Q4 of 2022 About 809,000 people migrated to other provinces, mainly for work, between October and December of last year, according to the National Statistical Office of Thailand. (Bangkok Post, 02/05/2023) More |
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| Important update on Covid-19 |
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Thailand’s healthcare system set to handle new COVID-19 cases when new school term begins Permanent Secretary for Public Health Dr Opas Karnkawinpong assured that despite a slight increase in new COVID cases during the recent Songkran holiday, the figures were encouraging thanks to disease control measures already in place. (Pattaya Mail, 15/05/2023) More |
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Kempinski Hotels join hands on BE Health Donation Event at Autistic Thai Foundation To support the equality of life and health of children and adults with autism in Thailand, Sindhorn Kempinski Hotel Bangkok and Siam Kempinski Hotel Bangkok join hands on presenting ‘BE Health’. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. 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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digitalBAU 4-6 July 2023, Munich, Germany digitalBAU 2023 is the trade fair and conference for digital solutions in the construction industry. It addresses the digital transformation in the construction industry and encompasses the entire value and process chain of construction, from planning and construction to the operation and management of buildings, cities and landscapes. More |
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[Save the Date] EMO 2023 16-23 September 2023, Hannover, Germany
GTCC Business & Study Trip to Germany "Production technology of tomorrow" by visiting EMO 2023 and Exclusive Site Visits |
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[Save the Date] AGRI TECHNICA 11-19 November 2023, Hannover, Germany
GTCC Business & Study Trip to Germany AGRITECHNICA 2023 and Exclusive Site Visits [Save the Date] |
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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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