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09.04.2020
09.04.2020 |
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Consumer prices drop 0.54% y/y in March, most in over 4 years Thailand's headline consumer price index (CPI) dropped 0.54% in March from a year earlier, the weakest in 51 months, but slightly better than expectations, commerce ministry data showed on Tuesday. (Bangkok Post, 07/04/2020) More
144,000 lose jobs in shutdown More than 140,000 employees lost their jobs last month due to the fallout from the Covid-19 pandemic, according to the Department of Employment. (Bangkok Post, 07/04/2020) More
B1.68tn to blunt Covid-19 The government has unveiled a fresh stimulus package worth 1.68 trillion baht, with plans to issue a set of executive decrees to implement the measure to cushion the blow from the coronavirus outbreak. (Bangkok Post, 04/04/2020) More
Research houses concur on heavy toll The Thai economy is forecast to shrink by 4.8% by Asian Development Bank (ADB), 5.6% by Siam Commercial Bank's Economic Intelligence Center (EIC) and 5% by Standard Chartered Bank (Thai), heading for its deepest contraction since the financial meltdown of 1998. (Bangkok Post, 04/04/2020) More
New relief measures to form six-month buffer A fresh batch of relief measures for people and businesses affected by the outbreak, farmers and capital market stabilisation is set to go before the economic ministers' meeting today before being forwarded to the cabinet next Tuesday. (Bangkok Post, 03/04/2020) More
World Bank warns of 5% GDP decline in worst-case forecast The Thai economy would shrink by 5% this year in the World Bank's worst-case scenario, with the coronavirus outbreak compounding existing problems like drought, stagnant wage growth, rising unemployment and growing poverty. (Bangkok Post, 03/04/2020) More
BoT: Banks can handle virus impact Thailand's banking sector is strong enough to cushion against a potential upsurge in bad debt and debt restructuring cases stemming from the coronavirus outbreak and official measures to contain the spread, says a senior official at the Bank of Thailand. (Bangkok Post, 02/04/2020) More |
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Persönliche Meetings stärken die Zusammenarbeit in Thailand Direkte Treffen sind in Thailand die Voraussetzung für eine vertrauensvolle Kooperation. Eine angenehme Gesprächsatmosphäre ist zielführend. Schnelle Entscheidungen sind unüblich. More
Thailand im Ausnahmezustand Die gemeldeten Infektionen mit dem Coronavirus steigen rasant. Ein nationaler Ausnahmezustand soll die weitere Ausbreitung und eine Gesundheitskrise verhindern. More |
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MÖVENPICK BDMS WELLNESS RESORT BANGKOK |
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| Companies & Industrial Sectors |
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Mobile operators set to weather the storm Despite being hit by the coronavirus outbreak, plus economic woes on the horizon, mobile businesses are expected to manage well in comparison with other business sectors because of healthy demand for their services and their resilience in an economic downturn. (Bangkok Post, 07/04/2020) More
THRE maintains 2020 growth targets Thai Reinsurance Plc (THRE), the country's sole reinsurance provider, is confident its financial targets for this year are reachable, though the coronavirus pandemic could defer plans to expand overseas.(Bangkok Post, 07/04/2020) More
Nissan alters production amid outbreak Nissan has temporarily adjusted production in Thailand in response to the ongoing coronavirus outbreak and declining demand in the automotive market. (Bangkok Post, 04/04/2020) More
NBTC: Data use up 11.1% Data usage among customers of the three major mobile operators surged 11.1% in March from a month earlier as more people work from home during the outbreak, says the National Broadcasting and Telecommunications Commission (NBTC). (Bangkok Post,03/04/2020) More
THAI Smile to halt domestic flights from Tuesday THAI Smile Airways temporarily suspends all domestic flights until the end of April 2020. (Bangkok Post, 03/04/2020) More
Hotels seek aid to protect staff Hundreds of hotels are seeking emergency assistance from the government to protect employees during legal temporary closure, which will prompt the Social Security Office to compensate workers. (Bangkok Post, 28/03/2020) More |
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GTCC Virtual Round Table on Renewable Energy |
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Foodpanda allots B35m for partners Foodpanda Thailand, the local operating unit of the Germany-based food delivery app, is gearing up for a special outlay of 35 million baht to support merchant partners, users and drivers in terms of discounts and sanitary kits as the country is combating the spread of coronavirus. (Bangkok Post, 03/04/2020) More |
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Cross-border activity slips to start year Thailand's cross-border trade fell by 6.5% year-on-year in the first two months of 2020 as the spreading coronavirus snarled the global economy and logistics systems, particularly in southern China. (Bangkok Post, 01/04/2020) More |
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Thailand’s Big Water Challenge Shortages of water are a huge problem for Thailand. The government’s attempts to promote industrial investment in the Eastern Economic Corridor (EEC) — Chon Buri, Rayong and Chachoengsao — has caused water demand in the region to rise drastically. This has diverted water away from farmers and local people creating an increasingly unfair distribution of water resources. (The Diplomat, 23/03/2020) More |
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| Legal / HR / CSR / Education |
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Employing caution Businesses, from multinational corporations to small-scale startups, are grappling with being in a lockdown as the country fights tooth and nail to contain coronavirus infections on a daily basis. (Bangkok Post, 30/03/2020) More
Who's Hiring Amid Coronavirus Layoffs It isn't just major retailers and health-care giants hiring in the midst of the coronavirus pandemic. Moving companies, food makers and others say they need additional help, too. (Bangkok Post, 28/03/2020) More
Coping with three crises Humanity is facing three crises at the same time: a public health crisis, an economic crisis and a financial crisis. Since these three crises are intertwined, to stop any one of them, we must stop the source. (Bangkok Post, 28/03/2020) More |
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| Important update on COVID-19 |
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Flight ban extended The ban on all commercial flights into Thailand has been extended to April 18, as the government ramps up efforts to prevent clusters of Covid-19 infections among travellers from abroad (Bangkok Post, 07/03/2020) More
Night curfew enforced nationwide All people in Thailand are banned from leaving home from 10pm to 4am starting from 3 April 2020. The night curfew excludes normal shift work, medical and banking personnel, as well as logistic workers handling consumer products, farm goods, pharmaceutical products, medical supplies and equipment, newspapers, petrol, postal parcels, or products to be imported or exported. Movements of people to quarantine places are also allowed. Other exemptions are individuals traveling to or from airports with necessary documents stating the purposes, people allowed by officials to leave the house on emergencies and employees working night shifts. (Blumenthal Richter & Sumet Ltd., 03/04/2020) More
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) & email <info@bangk.diplo.de>
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Thai Union supports Thai Red Cross on fighting against COVID-19 27 March 2020, BANGKOK – Thai Union Group PCL. has thrown its support behind the fight against COVID-19 in Thailand by joining a humanitarian assistance program by the Thai Chamber of Commerce and the Board of Trade of Thailand. More |
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Exclusive offers: 30% discount for Supreme Beverage products |
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World's Leading Trade Fair for Water, Sewage, Waste and Raw Materials Management 07 - 11 September 2020 | Messe München More |
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EnergyDecentral The leading trade fair for innovative energy supply Date: 17-20 November 2020 More |
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EuroTier 2020 The world's leading trade fair for animal production Date: 17-20 November 2020 More |
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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.More |
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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 & CEO Siemens AG; and Prof. Dieter Kempf, President of the Federation of German Industries (BDI). More |
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Chadaphan Maliphan
Publication and Communication Manager |
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