| SURVEY - Free Trade Agreements: EU and ASEAN |
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GTCC members are invited to participate in a survey on "Free Trade Agreements: EU and ASEAN" of our sister chamber in Singapore. In times of supply chain disruptions and a very globalised world, flexible free trade agreements (FTAs) are a great support for companies to optimise their supply chain strategies and lower costs. We would like to get a better picture of your situation, which barriers to trade you face and how important FTAs are for your company.
The survey consists of 9 short questions and will take you less than 3 minutes to complete. Please click HERE to participate. The survey is open until Friday, 23 June 2023, 6:00 pm. |
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13/06/2023
14/06/2023 16/06/2023
21/06/2023
13/07/2023
13/07/2023
20/07/2023 [Save the date] GTCC Members Exclusive Site Visit to Linde Material Handing (Thailand)
20/07/2023 [Save the date] GTCC YP Network Evening 2/2023 with Covestro "Managing cross-cultural operational teams to drive for sustainable growth"
26/07/2023
For more events, please click HERE |
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GTCC AFTERWORK BRIEFING WITH MAZARS IN THAILAND ON "UPDATES ON TAX & BOI MATTERS" |
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Thai households' monthly bills high despite falling fuel prices: TPSO The average monthly household expenditure for Thai families came in at 18,023 baht in May, down by 130 baht from the previous month. However, the Trade Policy and Strategy Office (TPSO) said this was still high. (The Nation Thailand, 10/06/2023) More
Thai economy faces 4 risks in 2nd half: SCB Securities A slowing global economy, electoral uncertainty, rising interest rates, and drought are the four key risks facing the Thai economy in the second half of this year, a senior analyst at SCB Securities said. (The Nation Thailand, 07/06/2023) More
Inflation declines to 21-month low The country's rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June. (Bangkok Post, 07/06/2023) More
Household income rose in EEC provinces despite pandemic: report The development of the Eastern Economic Corridor (EEC) resulted in household incomes rising by an average of 5% per year, even during the pandemic, according to a report from the Office of Strategy Management, Eastern Economic Corridor Policy Commission. (The Nation Thailand, 04/06/2023) More
Opening of Yellow Line to spark red-hot property growth: Colliers The Yellow Line's explosive growth point is at "Samrong", where land prices continue to rise steadily, according to research by real-estate consultancy Colliers International. (The Nation Thailand, 02/06/2023) More
April factory output drops 8%, worse than forecast Thailand’s manufacturing production index (MPI) in April contracted by a more-than -expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Minister said. (Bangkok Post, 31/05/2023) More
April export value falls 7.6% The dollar value of Thai exports fell for a seventh straight month in April, down 7.6% from a year earlier, the Ministry of Commerce said on Tuesday, as global demand remained slow. (Bangkok Post, 30/05/2023) More |
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| Mazars Technical Update - May 2023 |
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Laos wird Transportkorridor zwischen China und Thailand Die neue Bahnlinie zwischen Laos und China können nun auch Passagiere nutzen. Attraktive Frachtpreise locken deutsche Logistiker. Das Projekt sorgt für eine hohe Schuldenlast für Laos. (Marcus Hernig, 07/06/2023) More Eisenbahnbau in Thailand stößt auf Probleme Thailand modernisiert aktuell sein Schienennetz. Chinesische Unternehmen sind vor allem in Hochgeschwindigkeitsstrecken eingebunden. Doch so manches passt nicht. (Marcus Hernig, 06/06/2023) More |
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| Companies & Industrial Sectors |
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Krungsri upbeat on digital baht The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs. (Bangkok Post, 12/06/2023) More
Credit bureau concerned over Gen-Y's high auto-loan debt Auto-loan debt accounted for over 12%, the third highest among household debts, the National Statistical Office said. (The Nation Thailand, 09/06/2023) More
Tourism pushes consumer confidence to 39-month high Thai consumer confidence rose in May for a 12th month to a 39-month high, boosted by higher foreign tourist arrivals and increased activity during the recent national election. (Bangkok Post, 08/06/2023) More
Move Forward government 'will aim to make Thailand a semiconductor hub' Move Forward Party, the leader of the coalition that expects to form the next government, has vowed to help Thailand become the regional hub for upstream chip innovation and production by enacting more targeted incentives for each company. (The Nation Thailand, 05/06/2023) More
Airlines bask in sky-high fares while airports stay stuck Soaring ticket prices are lining the pockets of the world’s biggest airlines, providing balm to the economic wounds suffered during the travel lockdowns of Covid-19. But as the industry takes off, airports say they’ve been forgotten at the gate. (Bangkok Post, 04/06/2023) More
Sentiment hits 3-year high amid economic recovery The Digital Industry Sentiment Index rose above the threshold of 50 in the first quarter for the first time in 12 months, reaching a three-year high, according to a survey by the Digital Economy Promotion Agency (Depa). (Bangkok Post, 02/06/2023) More State banks to provide THB2 billion loans to support rubber industry State-owned banks will provide 2 billion baht in loans to help support the rubber industry — from farmers to rubber processing companies — as exporters of rubber products are expecting a 5% growth. (The Nation Thailand, 31/05/2023) More
Thai online marketplaces finally move into profit Thailand's e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees. (Bangkok Post, 31/05/2023) More
Consumers eager to spend on health Some 70% of consumers in Asia-Pacific are willing to increase their spending on health and wellness as they become more health-conscious following the pandemic, according to a recent survey. (Bangkok Post, 30/05/2023) More |
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Thanaleng Dry Port, Thai authorities seek common ground to speed up cross-border freight transport The developer of the Thanaleng Dry Port and Thai authorities on Monday held talks at the port in Vientiane to seek common ground in an attempt to speed up the transport of cross-border freight. (The Nation Thailand, 07/06/2023) More
Moody's upbeat on decoupling trend Emerging markets in Asia-Pacific are expected to benefit from supply chain decoupling, as the US and Europe are looking to diversify risks in security-related industries, say analysts. (Bangkok Post, 01/06/2023) More
Thailand, Vietnam jump in business environment rankings According to Economist Intelligence Unit (EIU), Vietnam, along with Thailand and India is among Asian countries that have improved their ranking the most over the past year. (The Nation Thailand, 30/05/2023) More |
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Siamese Asset targets green certification for all new projects SET-listed developer Siamese Asset plans to apply for green certification for all of its new projects, hoping to qualify for a green loan from the World Bank Group’s International Finance Corporation (IFC). (Bangkok Post, 10/06/2023) More
Batteries underpowered: Urgent need for EV charging stations stressed With purchases of electrical vehicles on the rise, the insufficient number of EV charging stations across the country is becoming increasingly challenging for drivers. (The Nation Thailand, 08/06/2023) More
Alarm over weather-related threats Drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion baht to the Thai economy this year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). (Bangkok Post, 08/06/2023) More Industry Ministry pushes for tax benefit extension on hybrid cars The Ministry of Industry has proposed extending the 14% tax benefit for eco-car manufacturers for another 2 years, beyond the current expiration in December this year, in preparation for transitioning to electric vehicle production. (The Nation Thailand, 06/06/2023) More
TPCH starts operations at biomass plant TPC Power Holding (TPCH), the renewable power generation arm of construction firm Thai Polycons Plc, has begun commercial operation of its Pracharat Biomass Mae Lan power plant, part of its move to increase power generation capacity and sell carbon credits. (Bangkok Post, 03/06/2023) More
EU sets Oct 1 as date to impose carbon tax The Office of Industrial Economics (OIE) has revealed today that the European Union (EU) is preparing to enforce carbon tax measures as of October 1st of this year. (The Nation Thailand, 25/05/2023) More |
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[FULLY BOOKED] THAI-GERMAN CONFERENCE "WASTE MANAGEMENT & RECYCLING" |
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Thailand EV hub ambition recharged by soaring investment: BOI Thailand’s ambition to become a regional hub for three industries – electric vehicle (EV) manufacturing, upstream electronic manufacturing, and digital and creative – has received a significant boost from soaring investment, the Board of Investment (BOI) reports. (The Nation Thailand, 11/06/2023) More
No sign of foreign companies migrating from EEC, office says The Eastern Economic Corridor Office (EECO), which supervises economic development in the eastern provinces of Rayong, Chonburi and Chachoengsao, one of the country’s largest industrial hubs, is confident that no foreign manufacturers will migrate from Thailand. (The Nation Thailand, 09/06/2023) More
In Stockholm, EU promises to invest more in Indo-Pacific, pledges to cut reliance on China In a bid to expand its footprint in the Indo-Pacific, the European Union (EU) is offering closer political and investment ties to around 20 countries in the region. (Wion, 14/05/2023) More |
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| Legal / HR / CSR / Education / Health |
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Hoteliers back review of tax structure Hotel operators are in agreement with the Bangkok governor, who has urged the government to review the tax structure, which now uses land value as a benchmark rather than revenue. (Bangkok Post, 10/06/2023) More
Most staff willing to seek new pastures Almost 90% of employees in Thailand are willing to look for new job opportunities despite the worsening global economic outlook, according to a recent study by recruitment agency Michael Page. (Bangkok Post, 09/06/2023) More
Public healthcare system facing doctor shortage, workload concerns The Public Health Ministry has taken a close look at the reported shortage of physicians and the reasons behind the heavy workload of personnel in an attempt to improve conditions for all involved in the country’s healthcare system including ensuring they enjoy a good work-life balance in the future. (The Nation Thailand, 07/06/2023) More
Extension granted to migrant workforce Concern over a domestic labour shortage has eased after the cabinet on Tuesday approved an extension to employment contracts that allow more than 200,000 migrant workers to keep their jobs. (Bangkok Post, 02/06/2023) More |
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| Important update on Covid-19 |
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Public advised to keep their guard up as COVID-19 resurges Members of the public are advised not to lower their guard against COVID-19, as the virus has been staging a comeback since April, infecting as many as 40,000 people a day now, about 20 times more than the rate at the start of April. The death toll has also risen by a factor of 20, to 66 per week, in the same period. (Thai PBS World, 25/05/2023) More |
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Eastin Grand Hotel Phayathai Officially Unveiled Kamkoong Property Co., Ltd. together with Absolute Hotel Services Co., Ltd. are delighted to announce the opening of Eastin Grand Hotel Phayathai as the second Eastin Grand branded hotel in Thailand. More
Bumrungrad International Hospital: LGBTQ+ Health Webinar Bumrungrad is inviting you to join LGBTQ+ Health Webinar on “Embracing Diversity: Navigating LGBTQ+ Identities and Supportive Healthcare” on 15 June 2023. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More
Siemens Mobility Day 2023: Railvolution - 03/07/2023 Siemens Mobility will organise a seminar, Siemens Mobility Day 2023 on 3 July 2023 at Bangkok Marriott Marquis Queen’s Park hotel. Siemens Mobility Day 2023 aims to gather railway stakeholders to exchange and share their knowledge to transform Thailand’s railways for a better tomorrow in aspects of sustainability & intramodality. The company's products and solutions will be also showcased at the event to demonstrate future mobility trends. |
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Chamber Representatives Shaine Sakib Rossukone Pavalee
BKK Wall Thai Co., Ltd. Chamber Representatives Wang Jiakun Hu Jianyong
Chamber Representatives Rudolf Troestler George Liu |
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Chamber Representative Alexander Fuerst
Chamber Representative Pratheep Sarndaeng |
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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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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. More |
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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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Asien-Pazifik-Forum Bayern - 26 Juli 2023 Beim 15. Asien-Pazifik-Forum Bayern beleuchten wir Ihre Möglichkeiten für Absatz, Sourcing, Investment und Innovation. Das spannende Konferenzprogramm erklärt die Neuordnung der Weltwirtschaft, zeigt Wege der Diversifizierung und unterstützt Sie bei Ihrer Strategieentwicklung. Die deutschen Auslandshandelskammern in Asien bieten Ihnen individuelle Beratungsgespräche und über 20 Aussteller präsentieren ihre Asien-Pazifik-Dienstleistungen in Form einer kleinen Messe. Mehr |
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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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In compliance with the EU General Data Protection Regulation (GDPR), please be informed that your personal data (name and contact details) is being stored and used by us to send you our newsletter, invitations to our events and invitations to participate in surveys. We confirm that we will not share your personal data with any other organisation and that you can withdraw your consent at any time by contacting us by email <communications@gtcc.org>. For more information please see our website for our Data Protection Policy. |
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