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22 July 2019
Upcoming GTCC Events
Register now for our upcoming events:

24.07.2019

08.08.2019
[By invitation only] GTCC Members Speed Networking 2/2019

08.08.2019

14.08.2019

23.08.2019
[Save the date] GTCC Members Exclusive Site Visit to Ducati Motor (Thailand) Co., Ltd.

12.09.2019
[Save the date] GTCC Meets the German Ambassador
 
Economy
Strong baht hits foreign investment fund returns, TMB says
The strong baht has cut the value of the foreign investment fund (FIF) under fund management, falling by Bt27 billion from Bt1.2 trillion at the start of the year, TMB Bank said. (The Nation 22/07/2019) More

Moment of reckoning
Pledges to fulfil election campaign policies are on the verge of being labelled fact or fiction as the new coalition government ramps up efforts to reinvigorate the lacklustre economy. (Bangkok Post, 22/07/2019) More

Transport minister moving ahead with B880bn infrastructure projects
Transport Minister is moving ahead with the mega-infrastructure investment projects started by the previous government, worth a combined 880 billion baht. (Bangkok Post, 21/07/2019) More

Strong fundamentals keeping Thai economy stable, IMF report shows
Domestic consumption and investment on infrastructure is allowing the Thai economy to grow continuously, according to the International Monetary Fund (IMF). (The Nation, 20/07/2019) More

Brainstorms on South development with Transport
Newly installed Commerce Minister Jurin Laksanawisit along with Deputy Transport Minister and Deputy Interior Minister held a multi-party discussion on measures to boost the economy of five provinces in the South. (The Nation, 20/07/2019) More

Profiles of Members of Prayut II Cabinet, on economic affairs
H.M. King Maha Vachiralongkon issued a royal command to appoint a 36-member Cabinet with Gen Prayut Chan-o-cha as prime minister and defence minister on July 10, 2019. Brief backgrounds and qualifications of the economy ministers can be found here (The Nation, 17/07/2019) More
 
 
Companies & Industrial Sectors
Third Bangkok airport proposed
The Airports Department has proposed building a new airport in Nakhon Pathom province west of Bangkok to relieve congestion at the capital’s two main gateways. (Bangkok Post, 20/07/2019) More

BoT more amenable but still leery of Libra landing
Bank of Thailand governor has toned down his hostility towards Facebook's digital currency plan, but prudent study of both the benefits and risks of the virtual coin is still needed. (Bangkok Post, 19/07/2019) More

Central bank launches quicker, safer QR-payment system
The Bank of Thailand, with some commercial banks, has launched a new version of QR code-payment, saying this will be more convenient and offer better security for both consumers and businesses. (The Nation, 19/07/2019) More

SET works with think tank IPPD on sustainable development
The Stock Exchange of Thailand (SET) and the Institute of Public Policy and Development (IPPD) have signed a memorandum of understanding (MoU) to jointly research ways to boost the country’s economic and social development. (The Nation, 19/07/2019) More

Domestic car sales down
Domestic car sales contracted for the first time in 30 months in June, down 2.1% from a year earlier to 86,048 units, after increasing 3.7% in May. (Bangkok Post, 18/07/2019) More

Chipping away at power
The ombudsman has ruled that state-run Electricity Generating Authority of Thailand (Egat) must re-establish a majority hold on national generation, but this plan may not be feasible. (Bangkok Post, 15/07/2019) More
 
 
Thailand and ASEAN
ASEAN ministers to sign deal on ASEAN MRAs
ASEAN economic ministers are scheduled to sign a pact on mutual recognition arrangements (MRAs) for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms in September. (Bangkok Post, 19/07/2019) More

Drafting of ASEAN documents approved by Cabinet
The 52nd meeting of ASEAN foreign ministers, scheduled for July 30-August 3 in Bangkok, will discuss several key issues, including a push for Smart City projects around the region and in many Chinese cities. (The Nation, 15/07/2019) More

Federation promotes standards for organic goods in ASEAN
The private sectors of ASEAN nations are preparing organic standards to reduce production costs and improve supply chain management. (Bangkok Post, 12/07/2019) More
 
Green Technology
The coming storm
It's been over two years since the government laid a foundation for electric vehicle (EV) production in the country. Auto parts makers can survive the shift to EVs, but losses loom for those that cannot adapt. (Bangkok Post, 22/07/2019) More

MEA in Smart City MOU with Krungthep Thanakom
Metropolitan Electricity Authority (MEA) and Krungthep Thanakom Co., Ltd. signed a memorandum of understanding (MoU) to develop electricity infrastructure for the Smart Metropolitan Bangkok project. (Bangkok Post, 15/07/2019) More

Banpu sets store by BPIN's renewable tech
Coal mine operator Banpu expects revenue from its energy technology segments under subsidiary Banpu Infinergy (BPIN) to represent 10% of the total by 2025. (16/07/2019) More
 
Bilateral Business
Continental building new motorcycle tire factory in Rayong
Continental laid the cornerstone for a new motorcycle tire factory in Rayong, Thailand on 10 July 2019. The company plans to invest approximately EUR 26 million here. When the plant comes on stream in 2021, production will initially focus on radial tires, followed at a later stage by bias-ply/cross-ply models. It will also create approximately 100 new jobs. More
 
Legal / HR / CSR / Education
Reskilling initiatives: why some fail and some succeed
According to The Future of Jobs Report 2018 by the World Economic Forum, 51% of the workforce in Thailand needs to go through some form of reskilling. This means that half of the graduates in Thailand aren’t ready for the jobs they’re about to take. (Bangkok Post, 22/07/2019) More

Rewarding board excellence
The winners of Thailand's Board of the Year Awards will be announced Wednesday, highlighting the country's top listed-company boards in terms of their vision, performance and commitment to good governance and sustainability. (Bangkok Post, 22/07/2019) More

People will shape the future of business
In a future defined by artificial intelligence and automation, businesses have started backing people to set themselves apart. They see a marriage of talented teams with innovative technology and producing better products at a lower cost as the key to success. (The Nation, 10/07/2019) More
 
Member News
Baker McKenzie Named Number One Legal Brand in Asia Pacific For Third Straight Year
Baker McKenzie has been named number one legal brand in the Asia Pacific region for the third consecutive year, according to the Acritas Asia Pacific Brand Index 2019. More

Thai Union recognized in Asian Excellence Award and Asiamoney Award
Thai Union Group PCL has been recognized in two major corporate governance awards in Asia: Asia’s Best CEO and Best Investor Relations Company at 9th Asia Excellence Award 2019. More

OIA now on Instagram
OFFICE FOR INTERIOR & ARCHITECTURE (OIA) is now on Instagram that allows them to share moments, stories and images. The account is chronologically themed to take you back to OIA’s early formative days and guide you through the decades of work up until presence. More

SSI Schaefer awarded the Best of Industry Award 2019
This marks the fourth time that excellent innovations from this industry have been awarded the Best of Industry Award. The award in the category “Material Flow” was presented to SSI Schaefer for the innovative SSI Flexi Shuttle during an evening gala. More
 
 
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:
10% discount for STE products

Conditions:
The offer is not valid for cartridges

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 
 
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 <communications@gtcc.org>. For more information please see our website for our Data Protection Policy.
 

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