If you have trouble viewing this in email, please 23 March 2020 Upcoming GTCC Events 26.03.2020 [Save the date] GTCC Webinar with L & amp;P “HR Management during Covid-19 crises - Relief mechanisms under Thai labour law" & gt; & gt;More upcoming events, please click . MAZARS THAILAND HÄFELE THAILAND Economy Pandemic strategies in play Ranging from small startups to large multinational corporations, businesses across the board have been gearing up contingency plans for if the government orders a lockdown as the coronavirus pandemic escalates in Thailand. (Bangkok Post, 23/03/2020) BoT plans liquidity support funding Measures are being launched, including a liquidity support fund valued at 70-100 billion baht, to help manage risk in the debt market made vulnerable by the intensifying coronavirus spread. (Bangkok Post, 23/03/2020) Bank of Thailand cuts key rate by 25 bps in special meeting The Bank of Thailand cut its key interest rate by 25 basis points to a record low of 0.75% in a special meeting. (Bangkok Post, 23/03/2020) Startup fundraising platform inches forward The Finance Ministry has given the green light for setting up a third stock exchange as a fundraising platform for startup businesses, with operations expected to commence in next year’s first quarter. (Bangkok Post, 12/03/2020) Economic Factsheet UPDATE Magazine Mazars' Guide MÖVENPICK BDMS WELLNESS RESORT BANGKOK Companies & Industrial Sectors Outbreak changes purchasing habits Online searches for masks, hand sanitiser gel and alcohol-based gel have grown by thousands of percentage points in the wake of the coronavirus outbreak. 60% are concerned about financial security and safety after the coronavirus outbreak. (Bangkok Post, 23/04/2020) Robinson keeps up expansion ambitions Robinson, the department store chain under Central Retail Corporation, remains in expansion mode despite various factors, especially the coronavirus pandemic, dampening shopping sentiment. (Bangkok Post, 23/04/2020) Thai banks' profitability challenge Banks in Thailand are facing a deteriorating market structure, marked by intensifying competition, commoditisation of services, shrinking of some fee revenues, and a potential rise in non-performing loans (NPL). (Bangkok Post, 20/04/2020) TISI drops to lowest level in 21 months The Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI). (Bangkok Post, 20/04/2020) BoT demands all banks provide 7 key services The Bank of Thailand has demanded all financial institutions continue providing seven financial services, including deposits, money withdrawals, fund transfers, payments, cash management and settlement systems, in an effort to avoid potential coronavirus-related disruption. (Bangkok Post, 19/03/2020) IT spending projected to shrink in 2020 from pandemic Thailand's IT spending will be subdued this year, with meagre or flat growth as the best case scenario because the coronavirus outbreak is taking a heavy toll on the segment, according to tech pundits. (Bangkok Post, 19/03/2020) B39bn Don Mueang 3rd phase gets nod The Airports of Thailand Plc (AoT) board has approved a master plan for the third-phase development of Don Mueang airport costing an estimated 39 billion baht, a source at the AoT said. (Bangkok Post, 19/03/2020) Trade fairs in global tumult The Commerce Ministry's International Trade Promotion Department has put off almost all trade fairs both domestically and overseas until September. (Bangkok Post, 19/03/2020) True Move debuts 5G on newly bought bandwidth True Move H Universal Communication (TUC) plans to begin commercial 5G services on the 2600-megahertz spectrum range. (Bangkok Post, 17/03/2020) Virus takes toll on vehicle sales The spread of COVID-19 in Asia is expected to contribute to a 3.1% decline in unit sales of motor vehicles this year as the region deals with supply chain disruption and consumer caution, Fitch Solutions has forecast. (Bangkok Post, 18/03/2020) Krungsri invests in Grab, will team up for services Krungsri Finnovate, the corporate venture capital arm of Bank of Ayudhya, has announced it invested an undisclosed sum in Grab and will collaborate to provide financial services on Grab's platform. (Bangkok Post, 10/03/2020) Bilateral Business B.Grimm acquires major stake in Angthong Power B.Grimm Power Plc has acquired a 70% stake in Angthong Power Co, a gas-fired power plant under the small power producer scheme, for 2.52 billion baht. (Bangkok Post, 18/03/2020) Foreign Investment set to fall on coronavirus outbreak Businesses will likely cut their overseas investments by between 5% and 15% this year in response to the coronavirus outbreak, but there may also be a longer-lasting movement of production back to their home countries, the United Nations said. (Bangkok Post, 9/03/020) Green Technology Outbreak pauses Energy for All plan The Energy Ministry announced that it would delay the operation date of community-owned renewable power plants under the Energy for All scheme until mid-2021 because of the coronavirus outbreak. (Bangkok Post, 14/03/2020) Legal / HR / CSR / Education Social security fund to lend helping hand The Social Security Board (SSB) on Friday decided to offer financial help to workers registered under its social security system who have either lost their jobs or have been suspended due to the Covid-19 pandemic. (Bangkok Post, 22/03/2020) Power agencies ear mark B40bn for relief package The Electricity Generating Authority of Thailand (Egat), Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) yesterday made a joint statement that they are ready to return home electricity meter deposits; maintain the fuel tariff (Ft) rate for May to August and reduce power tariffs by 3% for April to June. (Bangkok Post, 22/03/2020) Thai Cabinet approves measures to help companies, especially SMEs The Royal Thai Government has approved Phase One of a broad range of financial and fiscal relief measures to help Thai companies, especially small and medium-sized enterprises, alleviate the business downturn impact of the COVID-19. (TAT, 11/03/2020) Important update on COVID-19 Health certificate and insurance needed for travelling to Thailand Effective from Midnight of 21 March 2020, travellers to Thailand must show a health certificate, issued no more than 72 hours before travelling to airlines operators at their check-in counters to confirm no COVID-19 infections. They must also present an insurance with the minimum coverage for COVID-19 of not less than US$100,000. () Bangkok and adjacent provinces temporarily close some venues Bangkok and its five adjacent provinces Samut Prakarn, Samut Sakhon, Nakhon Pathom, Nonthaburi and Pathumthani as well as Nakhon Ratchasima temporariry close some venues, such as shopping malls, markets, amusement parks, fitness centres, golf courses, educational insitutions (except takeout and restaurants serving food for hotel guests, supermarket zones, drugstores or zones selling necessary items), from 22 March to 12 April 2020. ( & amp; , 21/03/2020) Hotline and email to reach German Embassy Bangkok German Embassy Bangkok is not open for public visits. It can be reached via Hotline @ 02-287-9123 (Monday to Friday 9.00 am – 8.00 pm, Saturday to Sunday 10.00 am – 4.00 pm) & amp; email & lt; & gt; For more updates, please follow us on, , and Member News Exclusively for GTCC Members. Unlimited Free Online Consultations with Samitivej Virtual Hospital Samitivej Virtual Hospital is a real-time consultation with doctors via video call, available 24 hours a day. The service allows patients to communicate directly with Samitivej medical staff for online health consultation. The service is available through the Samitivej Plus application*, hospital website and LINE application @Samitivej. GTCC members are offered a privilege of unlimited free online consultations through Samitivej Virtual Hospital by using its Promotional Code: GTCC20 (Valid until 31/12/2020) Bei Otto Shop will remain open You can buy groceries and order food from Bei Otto to take home from its line (@suk8985v) or call 0656454700 (delivery fee 60 THB). Special Lunch Box Deals at Royal Orchid Sheraton Royal Orchid Sheraton has launched a special lunch box deals, starting from 20 boxes. New Arburg Training Center – More space, more digitalisation, more focus on customers 6 March 2020 marked the opening ceremony of Arburg’s new Training Center at the company’s headquarters in Lossburg welcoming 170 guests. Arburg is setting new standards through the Training Center, affording customers the opportunity to benefit from cutting-edge digital training technology and machinery in the courses they undertake in the future. M4M (Member-for-Member) Benefits Exclusive offer: Unlimited free consultation through Samitivej Virtual Hospital (real-time consultation with doctors via video call, available 24 hours a day) Validity period: Now - 31 December 2020 Conditions: - At the end of your payment process, enter Promotional Code: GTCC20 - Free online consultations for the first 15 minutes Trade Fairs World's Leading Trade Fair for Water, Sewage, Waste and Raw Materials Management 04 - 08 May 2020 | Messe München Interschutz International Exhibition for Fire Prevention, Disaster Relief, Rescue, Safety and Security. 15-20 June 2020. HANNOVER MESSE 2020 Home of Industrial Pioneers Date postponed to 13 - 17 July 2020 Stable results for German exhibitions in 2019 Last year, the 163 international and national trade fairs in Germany achieved stable results: the number of exhibitors increased by around 1% and the exhibitor stand area by half a percent. AHK Network News APK 2020: 18-19 October 2020 in Tokyo 17th Asia-Pacific Conference of German Business (APK) is open for registration, with early price until June 30. Speakers include Peter Altmaier, German Federal Minister for Economic Affairs and Energy; Joe Kaeser, Chairman of the Asia-Pacific Committee of German Business (APA), President & amp; CEO Siemens AG; and Prof. Dieter Kempf, President of the Federation of German Industries (BDI). TCC & BoT call for support and encouragement for medical staff to prevent COVID-19 According to the Corona Virus Disease 2019 (COVID-19) current outbreak in Thailand, The Thai Chamber of Commerce and Board of Trade of Thailand (TCC) is collecting the donation of money or necessary items in order to encourage the hospital's medical staff which is currently treating and protecting patients from the spread of the COVID-19 through the Thai Red Cross Society. Please find the detail and donation form below and inform the donation within 25 March 2020. - - Contact Person Chadaphan Maliphan Publication and Communication Manager Tel: +66 2 055 0623 Email: 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 & lt; & gt;. For more information please see our website for our .