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Export growth tipped to halve in fallout from trade conflict An escalation of the US-China trade war is likely to slash growth in Thai exports to less than half that of last year, said economists from Krungthai Bank and Standard Chartered Bank. (The Nation, 10/05/2019) More
Farm bank sets sights on extending B770bn The state-controlled Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to lend 770 billion baht in its 2019-20 financial year, up 95 billion from the previous year. (Bangkok Post, 11/05/2019) More
MPC unanimous on firm policy rate The Bank of Thailand maintained its current policy rate while hinting at prioritizing growth amid several weaker-than-expected economic indicators. (Bangkok Post, 09/05/2019) More
ADB dour on Thai growth, seeing 3.9% The global economic slowdown is expected to hamper Thailand’s GDP expansion from this year to 2020, with the slump in world export demand affecting the country more than some neighbors. (Bangkok Post, 03/05/2019) More
BOI promotes new SEZ Investment BOI grants new incentives for projects in the SEZs areas including 13 targeted industries and other BOI-promoted projects. (Bangkok Post, 03/05/2019) More
Private sector’s export forecast darkens The first quarter’s weak economic performance has prompted the private sector to take a dimmer export view, predicting the country’s overall shipments may grow just 2.1% this year. (Bangkok Post, 01/05/2019) More
March factory output falls 2.54% on annual basis Thailand’s manufacturing production index (MPI) in March dropped 2.54% from a year earlier, led by lower production of computers, steel and rubber products, the Industry Ministry said on Tuesday. (Bangkok Post, 30/04/2019) More |
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TCEB stokes global Mice interest at trade shows The Thailand Convention and Exhibition Bureau (TCEB) plans to broaden the Thai Mice industry globally by showcasing its business capability at five major international trade events this year. (Bangkok Post, 13/05/2019) More
7 digital TV channels to exit Seven digital TV channels have submitted letters of intent to return their licences and exit the business, leaving only 15 channels on the air. (Bangkok Post, 11/05/2019) More
Depa pins hopes on trio of R&D centres The Digital Economy Promotion Agency (Depa) plans to open and operate three R&D centres in June, comprising an artificial intelligence (AI) lab, an augmented reality/virtual reality (AR/VR) lab and Maker Space, an innovative device design centre. (Bangkok Post, 06/05/2019) More
Egat seeks to tackle unstable generation The state-run Electricity Generating Authority of Thailand (Egat) is proceeding with development of its power generation system to make it more flexible to tackle unsteady power generation from renewable energy. (Bangkok Post, 01/05/2019) More |
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Eight trends shaping e-commerce in Asean The e-commerce market in Southeast Asia is forecast to be worth at least US$ 102 billion by 2025, according to the latest “e-Conomy of Southeast Asia” report by Google and Singapore- based Temasek. (Bangkok Post, 08/05/2019) More
Structural challenges hang over East Asian growth hopes Structural challenges poses risks to the aspirations of countries in East Asia to move up the income ladder, an Asean researcher said. (The Nation, 02/05/2019) More
Thai Mice standards to be adopted by Asean Thailand has strengthened its role as a regional Mice hub by pushing the country’s venue standards to cover a wider range such as regional and international levels. (Bangkok Post, 30/04/2019) More |
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Deutsche Messe becomes international partner of SETA Deutsche Messe AG is expanding its portfolio further and will become international partner of SETA (Smart Energy Transformation Asia). Thailand's Ministry of Energy is one of the show's main partners. SETA 2019 will be held during 10-12 October 2019 at the Bangkok International Trade and Exhibition Centre (BITEC), Bangkok. The theme is on “Integrated Sustainable Energy Solutions for Asia” More
EV group urges changes to 3-wheeler laws The Electric Vehicle Association of Thailand (EVAT) is calling for the Land Transport Department to revise related laws to enable new registration of three-wheelers, mainly emphasising electrified tuk-tuks. (Bangkok Post, 10/05/2019) More
Egat plans to convert used cars into EVs The state-run Electricity Generating Authority of Thailand (Egat) plans to develop electric vehicles (EVs) by modifying used cars, aiming for commercial sales in 2020. (Bangkok Post, 08/05/2019) More
Venture touts clean energy as way to help firms A clean-energy development company has been formed by Pea Encom International, a subsidiary of the Provincial Electricity Authority (PEA), and BCPG Plc with the aim of helping companies to innovate in a changing world. (The Nation, 30/04/2019) More |
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Mercedes brings 5 new sports lines to Thailand German powerhouse Mercedes-Benz is massively expanding its Mercedes-AMG product lineup in Thailand with the launch of a bunch of new models. (The Nation, 04/05/2019) More |
| Legal / HR / CSR / Education |
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Agency uses technology for tax cheats The Revenue Department is warning corporate taxpayers that it has already adopted data analytics and a risk-based auditing system that can better track the accuracy of tax payments. (Bangkok Post, 13/05/2019) More A clear path to cleaner air? Upgrading European emission standards is high on the agenda for policymakers amid hazardous dust pollution and PM2.5 particles in the northern, northeastern and central regions. (Bangkok Post, 13/05/2019) More
Excise revved for new levy on motorcycles A new excise tax structure is estimated to boost the tax-collecting department's revenue from motorcycles by 30-40% per year. (Bangkok Post, 09/05/2019) More
Germany busts major ‘dark web’ market German police have shut down one of the world’s largest illegal online markets on the ‘’dark web” and arrested the three men allegedly running it, prosecutors said Friday. (Bangkok Post, 03/05/2019) More |
Dachser names Jan-Michael Beyer as Thailand lead Jan-Michael Beyer was appointed Managing Director Air & Sea Logistics Thailand on April 27, 2019. In his new role, he reports to Edoardo Podestá, Managing Director Air & Sea Logistics Asia Pacific. More |
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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 |
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German exhibition centres will invest more than one billion euros by 2023 German exhibition centres of at least national significance had 2,795,311 m² of hall space at the start of 2019, which was approximately 1.4% less than in the year before (2,835,922 m²). Investment will focus primarily on modernising existing halls or replacing old halls. These are some of the results of a survey conducted by AUMA – the Association of the German Trade Fair Industry – in early 2019. More |
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