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8 July 2019
Upcoming GTCC Events
 
Economy
Currency's muscle miffs shippers
Fear and loathing of the baht's rapid gain have been on the rise, especially among Thai exporters, as the local currency is perceived as a conduit for speculators to reap short-term gains. (Bangkok Post, 08/07/2019) More

Dept readies farmer support guidelines for govt
The Internal Trade department is preparing guidelines for the income guarantee scheme for four crops -- rice, maize, oil palm and cassava -- to submit to the government. (Bangkok Post, 08/07/2019) More

NIA supports rural innovation
Under the Startup Act, the National Innovation Agency (NIA) plans to provide support to innovation-driven companies in rural areas outside Bangkok while building a workforce skilled in technology, science and research. (Bangkok Post, 05/07/2019) More

Consumer confidence craters
Consumer confidence fell to its lowest level in 21 months in June as the public fretted over political instability, global economic uncertainty and low farm product prices. (Bangkok Post, 05/07/2019) More
 
 
Companies & Industrial Sectors
Huawei: Thai market share rises to 20%
Huawei Technologies says its smartphone market share in Thailand remains unscathed by US sanctions on the company, despite conflicting reports that the Chinese telecom giant's sales suffered dramatically. (Bangkok Post, 05/07/2019) More

Local logistics prospects bright on better quality and service
Same-day delivery, quality 24-hour service and a slowing price war with Chinese logistics firms are brightening prospects for the Thai logistics sector. (Bangkok Post, 04/07/2019) More

FWD buying SCB subsidiary in key deal
Siam Commercial Bank (SCB) has entered into a binding agreement to sell 99.2% of subsidiary SCB Life Assurance to insurer FWD Group Financial Services for 92.7 billion baht, marking Southeast Asia's biggest life insurance acquisition deal. (Bangkok Post, 02/074/2019)More

Thai e-commerce to hit $13bn by 2025
Thailand's e-commerce market value is expected to surge to US$13 billion by 2025 from last year's $3 billion on the back of strong global demand for Thai products. (Bangkok Post, 28/06/2019) More
 
 
Thailand and ASEAN
EEC vision becomes clearer ahead of city-plan unveiling
The Eastern Economic Corridor (EEC) will double the amount of land used for manufacturing in the three provinces it spans, the EEC Office has said. (The Nation, 08/07/2019) More

Thai hotel group plans major expansion in Vietnam
Leading Thai hotel operator Centara Hotels & Resorts has announced plans for a significant expansion of its portfolio in Vietnam, with the goal of opening at least 20 new hotels across this vibrant and dynamic Asian nation in the next five years. (The Nation, 08/07/2019) More

Vietnam's EU deals imperil Thai trade
Thai exports of cars, computers and electric circuits are at risk from Vietnam's trade and investment deals with the EU, says the Trade Policy and Strategy Office. (Bangkok Post, 06/07/2019) More

Govt urged to push Indo-Pacific plan
Former permanent secretary of the Ministry of Foreign Affairs Sihasak Phuangketkeow has urged Thailand, the current chair of Asean, to expand the remit of the East Asia Summit (EAS) to push forward the so-called Asean Outlook on the Indo-Pacific. (Bangkok Post, 02/07/2019) More

Thailand, Laos sign road and rail deal
Thailand and Laos have sealed an agreement to upgrade a road and build a rail extension worth over 3 billion baht to boost cross-border economic cooperation, according to the Neighbouring Countries Economic Development Cooperation Agency (Neda). (Bangkok Post, 01/07/2019) More
 
 
Green Technology
EA commits to making EVs happen here
Dubbed the "Tesla of Thailand", Energy Absolute (EA) will kick off the first phase of its 100-billion-baht lithium-ion battery production line in mid-2020, the largest of its kind in Thailand, anticipating a "tidal wave of new business growth". (Bangkok Post, 08/07/2019) More

Solar rooftop revisions soon
The Department of Alternative Energy Development and Efficiency plans to ask the Energy Ministry to launch a revised solar scheme for the public after witnessing lower participation than expected in the household solar rooftop programme. (Bangkok Post, 04/07/2019) More

Local farmer's drone spraying service in high demand
PHICHIT: A local farmer who began using a drone to spray his family's paddy fields a month ago is now providing the service for neighbours struggling with the problem of labour shortages and wages - and his new business continues to grow. (Bangkok Post, 02/07/2019) More

Two provinces in Northeast hope to have 'smart' cities
The northeastern provinces of Roi Et and Nakhon Ratchasima have submitted proposals to join the "smart city" development project, according to the Digital Economy and Society (DE) Ministry. (Bangkok Post, 02/07/2019) More

South and Southeast Asia seen as ripe for renewables
The growing economies of South and Southeast Asia need to shift from their current carbon-intensive energy path to renewable sources to fuel economic growth and promote sustainable development while avoiding life-threatening pollution and environmental degradation, according to the research institute Climate Analytics. (Bangkok Post, 01/07/2019) More

Law forces closure of Fuji Xerox recycle hub
Japanese photocopier maker Fuji Xerox Co is closing a recycling plant in Thailand because of the country's import ban on electronic waste, amid globally tightening regulations in the cross-border garbage trade. (Bangkok Post, 28/06/2019) More
 
 
Bilateral Business
Connected across Asean
Bosch, the Germany-based global supplier of technology and services, is stepping up its focus on providing both hardware and software for connectivity in urban mobility, fourth industrial revolution (4IR) and smart city applications. Thailand's Eastern Economic Corridor (EEC) is also on its radar. (Bangkok Post, 01/07/2019) More
 
Legal / HR / CSR / Education
GTCC Gala Night 2019 supports Iceman Charity
GTCC, together with guests at the GTCC Gala Night 2019, supports Iceman Charity for the good health of 2,400 children in Wat Sakaeo orphanage, one of the largest orphanages in Thailand. We have raised the fund of 112,000 Baht and donated to the Iceman Charity to get a new scrubber machine of Kärcher for the daily cleaning of the orphanage's canteen, starting from 3 August 2019 at the orphanage's Cleaning Festival 2019.
 
Member News
Heroleads expands in ASEAN with acquisition of Bdigital Indonesia
Heroleads (Thailand) has spread its wings to Indonesia by acquiring Bdigital, a local digital marketing agency, to form Heroleads Indonesia. It aims to expand its digital performance solutions business for both medium and large enterprises to Indonesia and replicate the success it has enjoyed in Thailand. (The Nation, 27/06/2019) More

Thai Union officially opened fourth preschool for children of migrant workers in Samut Sakhon
Thai Union Group PCL officially opened its fourth preschool in Samut Sakhon to help the children of migrant workers to learn Thai language and culture before entering the formal Thai education system. More

Royal Orchid Sheraton Hotel & Towers' new Hotel Manager
Royal Orchid Sheraton Hotel & Towers announces the appointment of Mr. Orhun Denizoglu to the position of Hotel Manager. More
 
New Applications Approved in June Board Meeting

Chamber Representatives
Nobuhiro Oketani and Dhunyakarn Pichkittijoti

Chamber Representatives
Thawatchai Poolsawat and Yuttana Choisaeng

Chamber Representatives
Supoj Chaiwilai and Arnuphap Chompuming

Khun Unchisa Thongtiamporn
 
Economic Factsheet
UPDATE Magazine
Featured:  Pharma market in Thailand: Rising demand, but tougher competition; Pharmaceuticals: Working towards a healthier future; Interview: Bayer Thai Co., Ltd. and Polipharm Co., Ltd.; GTCC Gala Night 2019 "fairy Tales" // Business Brief // Chamber Activities // GTDEE Insights // Trade Fairs // Members' Corner
Preferred Benefits
Exclusive offers:
15% discount on food at 4 riverside restaurants

Conditions:
The offer is valid for a la carte, buffet only and not applicable to non-alcoholic and alcoholic drinks and special set menu

Validity period: 
Now – 31 December 2019
 
Delegation Trips

DELEGATION TRIP ASEAN
20 - 26 October 2019
 
NRW.International supports small and medium-sized enterprises in accessing selected markets worldwide with a high-quality program of business trips. This autumn, Thailand and Singapore are the target countries.
 
For further information please click HERE
 
Join GTCC Business & Study Trip to Germany
"Industry 4.0 / Smart technologies driving tomorrow's production"
by visiting EMO Hannover 2019 and Exclusive Site Visits
14-22 September 2019

Register your visitor ticket today by clicking HERE.
 
Trade Fairs
Exhibit with us!

German Pavilion by GTCC in CEBIT ASEAN
27-29 November 2019
Hall 7-8 IMPACT Exhibition Center
Bangkok, Thailand

Register your visitor ticket today by clicking HERE.
 
Media Partners for EMO Hannover 2019
 
German exhibitions 2018: More exhibitors from all continents
Last year more exhibitors from all over the world came to exhibitions in Germany. All told, there were around 118,000 foreign exhibitors at the 178 international and national exhibitions, 4.4% more than at the respective previous events. More
 
Doing business in Thailand
Marzars launches "Doing Business in Thailand 2019/2020" guide.
Mazars in Thailand is a leading audit, accounting, tax, legal and advisory practice, combining the benefits of an integrated global partnership with the entrepreneurial drive of its senior advisors.
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
Tel: +66 2 055 0623 
 
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