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30 September 2024
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Upcoming Events
 
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FORVIS MAZARS IN THAILAND
 
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GTCC MEMBER EXCLUSIVE SITE VISIT TO INTERROLL (THAILAND)
 
Economy
Entering a new era
As we enter the final quarter of 2024, we have arrived at a new perspective on the economy and investment outlook for the fourth quarter and into 2025, focusing on three main points: New economic era, new interest rate era, and new political era. (Bangkok Post, 28/09/2024)

Call for action as baht sparks panic
Serious efforts to address baht appreciation are needed as it is threatening to dampen the country’s key economic engines of exports and tourism, while businesses struggle with an unsettled domestic economy, says the Federation of Thai Industries (FTI). (Bangkok Post, 27/09/2024)

Handout to create 'economic whirlwind'
The government has vowed to proceed with the second and third phases of its economic stimulus handout scheme after the official launch of the first phase yesterday. (Bangkok Post, 26/09/2024)

Thailand kicks off first phase of digital wallet scheme
The government on Wednesday launched the first phase of its flagship UScopy4 billion stimulus handout scheme, which will eventually see an estimated 45 million people receive 10,000 baht each, saying it would spark economic activity. (Bangkok Post, 25/09/2024)

Govt continues to push rate cuts
The Finance Ministry and the Bank of Thailand (BoT) will meet next week to discuss the strong baht and the country's inflation target as the government continues to push for interest rate cuts. (Bangkok Post, 25/09/2024)

Thailand commits to UN vision of sustainable future
Thailand has committed to the reform of the United Nations Security Council, supported the Global Digital Compact and emphasised the role of youth in shaping a sustainable future for humanity, according to Foreign Minister Maris Sangiampongsa. (Bangkok Post, 24/09/2024)
 
Economic Factsheet
UPDATE Magazine
Forvis Mazars News
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GTAI
Umsatzsteuer in Thailand bleibt bei 7 Prozent
Am 17. September 2024 hat die thailändische Regierung eine erneute Verlängerung des reduzierten Mehrwertsteuersatzes beschlossen. (GTAI, 20/09/2024)

Arbeitsrecht
Wichtige Rechtsgrundlage ist der Labour Protection Act B.E. 2541 (1998), zuletzt geändert im Jahr 2023. Geregelt sind die Minimalbedingungen des Beschäftigungsverhältnisses. (GTAI, 16/09/2024)

Personalsuche und Personalmanagement
Die Suche nach gutem Personal ist nicht einfach. Viele Agenturen bieten ihren Unterstützung an. Sie raten, Leistungsträger fest an sich zu binden. (GTAI, 16/09/2024)

Löhne und Gehälter
Löhne und Gehälter steigen vergleichsweise langsam. Sie fallen wegen der geringen Produktivität in einigen Bereichen aber zu hoch aus. (GTAI, 16/09/2024)

Fachkräfte
Der Bedarf an Fachkräften steigt. Die Ausbildung hinkt der Nachfrage hinterher. Für gute Fachleute müssen die Betriebe daher immer tiefer in die Tasche greifen. (GTAI, 16/09/2024)

Viel Mittelmaß auf dem thailändischen Arbeitsmarkt
Die Löhne liegen auf mittlerem Niveau. Das gilt auch für die Fähigkeiten der Arbeitskräfte. Betriebe beklagen den Mangel an Fachkräften und das Problem verschärft sich. (GTAI, 16/09/2024)

Ausländische Videospiele erobern den thailändischen Markt
Gamer in Thailand geben immer mehr Geld für Videospiele aus. Diese kommen überwiegend aus dem Ausland. Markteinsteiger sollten Besonderheiten beachten. (GTAI, 16/09/2024)
 
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GTCC BUSINESS WOMEN NETWORKING
 
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GTCC OKTOBERFEST 2024
 
Companies & Industrial Sectors
Firms struggle to deal with flood damage
Businesses are monitoring the severe floods in the North and Northeast as several areas continue to experience heavy rains. (Bangkok Post, 27/09/2024)

Thai factory output falls in August
Factory output in Thailand fell in August due to lower automobile production, higher energy prices and flooding in the North, according to the Ministry of Industry, which now says a full-year contraction is possible. (Bangkok Post, 26/09/2024)

Rabbit Brand Fertilizer Drives Sustainable Growth
Rabbit Brand Fertilizer by Chia Tai Company Limited, Thailand’s leading innovative agricultural company, is the top-quality fertiliser brand in Thailand’s chemical fertiliser market, consistently maintaining its leading position among professional farmers. (Bangkok Post, 25/09/2024)

Thaicom and Hughes India Partner for Satellite Capacity
This agreement enhances satellite broadband and IoT services across India, leveraging Thaicom’s satellite network and Hughes’ managed services expertise. (Bangkok Post, 25/09/2024)

Grab Thailand introduces series of AI-powered solutions
Grab Thailand is developing a series of artificial intelligence (AI)-powered solutions, aiming to increase revenue streams as it transforms to an AI-led organisation. (Bangkok Post, 25/09/2024)

SC eyes B10bn revenue from new sectors
SC Asset Corporation will invest 20 billion baht between 2025 and 2029 in logistics, hotels and office rentals, aiming to generate a total revenue of 10 billion baht over the five-year period from these recurring income businesses. (Bangkok Post, 25/09/2024)

Deere faces bribery probe
The Transport Ministry will set up a committee to investigate a scandal in which the US-based agricultural and construction equipment firm Deere & Company allegedly paid bribes to obtain procurement contracts from the Department of Highways (DoH) and the Department of Rural Roads (DRR). (Bangkok Post, 21/09/2024)

Suriya imagines 'seamless' transport infrastructure
Transport Minister Suriya Jungrungreangkit has outlined the government's transport infrastructure development policy for the short, medium, and long term. (Bangkok Post, 18/09/2024)
 
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GTCC BUSINESS & STUDY TRIP TO GERMANY:
9-17 NOVEMBER 2024
 
Thailand & ASEAN
Asian rally continues in response to China stimulus
Stocks in Asia extended gains yesterday as risk appetite across financial markets got a further boost from a series of stimulus measures in China, where stock markets had their best week since 2008. A sharp fall in oil prices also bodes well for disinflation globally. (Bangkok Post, 28/09/2024)

NVI and Partners Take Major Step Toward ASEAN Vaccine Security
National Vaccine Institute (NVI) collaborates with global partners to strengthen vaccine security and develop ASEAN’s vaccine workforce for future health preparedness. (Bangkok Post, 25/09/2024)

SRT outlines 'rail service for Asean'
Veeris Ammarapala, 49, the new State Railway of Thailand (SRT) governor, has vowed to make Thailand a railway service hub of Asean during his four-year term. (Bangkok Post, 20/09/2024)

Thailand pushing for talks to repair key Myanmar highway
The government wants to work with warring sides in Myanmar to repair a key highway cutting through the conflict-ridden country as it seeks to stabilise its borders areas and ensure trade routes are open, Foreign Affairs Minister Maris Sangiampongsa said on Thursday. (Bangkok Post, 19/09/2024)

Laos seeks Asean's help with Mekong
Vientiane: Laos is urging Asean and other stakeholders to join forces in solving the problem of Mekong River water security and environmental issues as the region faces still more floods. (Bangkok Post, 19/09/2024)
 
Green Technology
Carbon tax enforcement in the offing
The government is to introduce a carbon tax, with enforcement slated for this year, says Deputy Finance Minister Paopoom Rojanasakul. (Bangkok Post, 27/09/2024)

Japan invited to invest in EVs and chips
Commerce Minister Pichai Naripthaphan has urged Japanese businesses to invest in Thailand, especially in the semiconductor and high-tech industries. (Bangkok Post, 25/09/2024)

Cabinet allots B7.12bn for EV subsidies
The cabinet has approved the allocation of 7.12 billion baht from the central reserve budget for emergency and essential purposes to fund the EV subsidy programme. (Bangkok Post, 25/09/2024)

EV firms told to make car parts in Thailand by 2026
Car manufacturers supported by the government's electric vehicle (EV) promotion measures must invest in producing key EV components domestically by 2026, according to the chief of the Excise Department. (Bangkok Post, 24/09/2024)
 
Legal / HR / CSR / Education / Health
Dusit Thani College Partners with HSMAI for Hospitality Training
This partnership brings international hospitality sales, marketing, and revenue management courses to Thailand, elevating industry skills with global standards. (Bangkok Post, 25/09/2024)

Tax proposal gains support
Tourism operators in Pattaya support the tourism and sports minister's plan to provide proper welfare for businesses there if they register in the tax system, as these efforts could help reduce crime and bribery. (Bangkok Post, 25/09/2024)

New alert system for devices soon
The cell broadcast service (CBS) system, which allows emergency weather warnings to be sent across all devices connected to mobile networks within a certain target area, will be up and running in the second quarter of next year, the Digital Economy and Society (DES) Ministry said yesterday. (Bangkok Post, 25/09/2024)

Marriage Equality Bill becomes law
The Marriage Equality Bill has been endorsed by His Majesty the King and published in the Royal Gazette, making Thailand just the third country in Asia after Taiwan and Nepal to recognise same-sex marriage. (Bangkok Post, 24/09/2024)

Vote on Thai wage hike reaches stalemate
A nationwide wage hike has encountered another delay, with the crucial planned vote on the issue reaching a stalemate after a tripartite wage committee member was poised to lose his seat. (Bangkok Post, 22/09/2024)

‘Digital nomad’ visa promotion stepped up
The government is stepping up the promotion of its new Destination Thailand Visa (DTV) to attract foreign nationals who wish to work while travelling in Thailand, according to Foreign Affairs Minister Maris Sangiampongsa. (Bangkok Post, 19/09/2024)
 
Member News
Skywave Technologies celebrates 10th Anniversary
Skywave Technologies (Thailand) Co., Ltd, a German-owned IT company founded in Bangkok in 2014, recently celebrated a decade of successful operations with clients, partners and friends in a night of appreciation at the Millennium Hilton Hotel.

Sindhorn Kempinski Hotel Bangkok and Siam Kempinski Hotel Bangkok Host the BE Health Online Auction to Raise Funds for the Autistic Thai Foundation
This year, the second edition of the BE Health Online Auction will feature 15 iconic Kempinski destinations across Asia, the Middle East, Europe and the Americas. The initiative aims to raise 1 million Thai baht to support the noble work of the Autistic Thai Foundation.

Kimpton Maa-Lai Bangkok Hosts First Solo Art Exhibition by Mix Anusone Tunarin from Artstory by Autistic Thai
Kimpton Maa-Lai Bangkok presents the first solo exhibition by superbly talented, neurodivergent artist Mix Anusone Tunarin, a member of the Artstory by Autistic Thai, at the 30th-floor Maa-Lai Library from 24 September to 20 October 2024.

LogiMAT Southeast Asia 2024
16-18 October 2024 at BITEC Bangna. Koelnmesse Thailand, Messe Stuttgart, and Euroexpo, cordially invite GTCC members to attend LogiMAT Southeast Asia 2024—The Premier Trade Show for Intralogistics Solutions, Warehouse, and Process Management.

didacta asia 2024
16-18 October 2024 at BITEC Bangna. didacta asia 2024 aims to bring together educators, leaders, policymakers, and education exhibitors from various countries to explore trends, innovations, and practices that will enhance education in Thailand and Southeast Asia.

GTCC members' promotions 
Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. 
 
Trade Fairs
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Messe-Insights
The AUMA exhibitor outlook for 2024/2025, based on a comprehensive survey of 400 exhibiting companies, provides valuable insights into the industry's trajectory. Conducted by Bonsai Research, the study reflects the perspectives of top-level marketing/trade fair executives, offering a unique and thorough analysis of the German-speaking trade fair landscape. (Report only available in German, )
 
GTCC News
Scam emails alert
It has come to our attention that some of our members have received emails with the message "If you're interested to get the Distribution/Member List" mentioning GTCC in the email's subject/content. 

Please DO NOT respond or click any links/attachments as the emails are not from our chamber.
 
AHK Network News
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ADB Business Opportunity Fair 2024 in Manila
On 9-10 October 2024, the Asian Development Bank (ADB) will host a Business Opportunities Fair (BOF) in Manila. A delegation trip with another program day will be organised with the aim of supporting German companies in the participation of ADB-funded projects. 
 
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DIHK Economic Survey Early Summer 2024 - The German economy fails to gain momentum
The business situation continues to deteriorate. 28 percent of companies report a good situation, while 23 percent report a poor one. The balance of the situation assessment continues its downward trend, dropping slightly from seven to now five points. (DIHK, 15/05/2024)
 
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ASEAN Snapshot 2024
The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, has recently launched the latest edition of the ASEAN Snapshot with a focus on the German-ASEAN business relations. The snapshot contains a variety of up-to-date charts and infographics about ASEAN economic developments, ranging from demographic, economics, trade and investment information.
 
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AHK World Business Outlook 2023 (ASEAN Focus)
The 2023 survey has been complemented by the German Chambers of Commerce Abroad (AHKs) in the ASEAN region between 20 March and 16 April 2023, in order to derive more insights from the regional business climate. AHK offices are present in seven of the 10 ASEAN member states: Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, also coordinating activities in Myanmar, Cambodia and Laos.
 
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Position Paper: Why German Businesses support an EU-ASEAN FTA
This comprehensive position paper underscore the significance of the proposed FTA. The agreement would incentive investments and facilitate the diversification of supply chains and customer bases. As a result, business in the EU and ASEAN can mitigate their reliance on a single market, thus fostering greater resilience and stability. The survey was conducted by the Singaporean-German Chamber of Industry and Commerce in June 2023 and gathered data from 169 member companies of German Chambers located in ASEAN. 
 
Other News
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Survey report on "Expectations and Challenges of an EU-Thailand FTA"
The European Association for Business and Commerce (EABC) has released a survey report titled "Expectations and Challenges of an EU-Thailand Free Trade Agreement (FTA): Perspectives from European Business in Thailand." 
 
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APK 2024: 18th Asia-Pacific Conference of German Business
24-26 October 2024, New Delhi
The conference's objective is to provide a platform to deepen the dialogue on current economic developments in Europe and the Asia-Pacific region as well as to build and strengthen personal and economic ties.  
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
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GTCC Privacy Policy
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 <>. For more information please see our website for our .
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