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20 April 2020
Upcoming GTCC Events
Register now for our upcoming events

21.04.2020

21.04.2020

22.04.2020

23.04.2020
[Postponed] GTCC Virtual Round Table on Logistics

23.06.2020
[Save the date] Thai-German Virtual Conference "Solar PV and Grid-Integration"
 
FCA Letter to Thai Government
The German-Thai Chamber of Commerce (GTCC) together with AMCHAM, AustCham and BCTT as the four members of the Foreign Chambers Alliance (FCA), sent a letter to Minister of Finance, H.E. Uttama Savanayana, on April 10, 2020, requesting support from the Thai government to business to maintain employment as well as to position Thailand to recover faster post crisis. Providing direct and easy-to-access financial support should be considered as a priority and a matter of urgency. The FCA represents together more than 2,000 companies and approximately one million employees operating in Thailand. More
 
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MAZARS THAILAND
 
 
Economy
TAT expects 16m international tourists
Thailand is likely to close this year with only 16 million international tourists and 60 million domestic trips, far below the pre-coronavirus targets of 40 million and 172 million respectively, according to Tourism Authority of Thailand (TAT). (Bangkok Post, 18/04/2020) More

Unemployment soars to 700,000 as factories close
The number of people claiming unemployment benefits has almost doubled to 700,000 people from December last year, with 140,000 registering in March alone. (Bangkok Post, 18/04/2020) More

Cabinet approves freeing up funds from fiscal 2021
The cabinet on Wednesday approved cutting the investment and regular budgets in fiscal 2021 by 50% and 25% respectively, a move to mobilise funding to ease the financial burden arising from the pandemic. (Bangkok Post, 16/04/2020) More

IMF: Thai GDP down 6.7%
The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its ASEAN peers if the multinational lender's projection holds true. The revision is attributed to the economic toll of the coronavirus. (Bangkok Post, 16/04/2020) More

Trillion-baht public-private investment projects planned
Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic. (Bangkok Post, 15/04/2020) More
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HÄFELE THAILAND
 
Economic Factsheet
UPDATE Magazine
Mazars' Guide
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GTAI
COVID-19: Maßnahmen der Regierung 
Thailand möchte die Rezession aufhalten und hat drei Hilfspakete verabschiedet. Gelder gehen an Arbeitslose. Unternehmen werden entlastet und erhalten Überbrückungskredite. More

Die Pandemie trifft Thailand besonders hart
Thailand hängt stark vom Tourismus und der Weltwirtschaft ab. Der Dienstleistungssektor, Konsum und Außenhandel schrumpfen. Es gibt jedoch Lichtblicke. More
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MÖVENPICK 
BDMS WELLNESS RESORT BANGKOK
 
Companies & Industrial Sectors
Eateries banking on delivery apps, social media to survive lockdown
Beset by high commission fees imposed by foreign food delivery apps, many local restaurants dealing with the pandemic have adjusted their menus for online orders, sought customers via social media and looked to local delivery apps. (Bangkok Post, 20/04/2020) More

AirAsia set to resume domestic flights in Thailand on May 1
AirAsia is set to resume domestic flights in various Asian countries, commencing with Malaysia on April 29, followed by Thailand (May 1), the Philippines (May 1), India (May 4) and Indonesia (May 7), subject to government approval. (The Nation, 20/04/2020) More

SRT board endorses B10bn section bids
The board of the State Railway of Thailand has endorsed the winning bids for two sections of the Bangkok to Nakhon Ratchasima as part of the government's high-speed railway project. (Bangkok Post, 18/04/2020) More

5G paves telemedicine path
Telemedicine is likely to be the new normal for public health services soon, thanks to the development of a series of robots for the task, including those tending to coronavirus patients at hospitals. (Bangkok Post, 17/04/2020) More

Lazada: Pandemic making e-commerce mainstream
Lazada Thailand says the coronavirus outbreak will turn online shopping into the new normal in Thailand, and the e-commerce giant is offering incentives to attract 50,000 offline small and medium-sized enterprises (SMEs) to the platform to assist them during this difficult time. (Bangkok Post, 17/04/2020) More

EEC residential transfers likely to deflate
With the virus staggering global and domestic economies, the residential market in Chon Buri, Rayong and Chachoengsao will shrink again this year after a recovery in 2019, according to the Real Estate Information Center (REIC). (Bangkok Post, 17/04/2020) More

KBank preps B500m for struggling operators
Kasikornbank (KBank) has prepared total budget worth 500 million baht to help business operators nationwide retain workers over the next six months. (Bangkok Post, 17/04/2020) More

Auto parts sector shrivels
The auto parts industry club under the Federation of Thai Industries (FTI) expects the parts sector to continue shrinking as car factories close or cut production and global purchasing power weakens. (Bangkok Post, 15/04/2020) More
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GTCC WEBINAR
 
Thailand & ASEAN
Thailand corporate profit outlook bleakest in Southeast Asia
Estimating and comparing companies’ results in the first quarter since the Covid-19 outbreak is more a guessing game than a science. By any measure, though, the outlook for Thailand Inc is more bleak than for peers across Southeast Asia. (Bangkok Post, 20/04/2020) More

At a time of crisis, ASEAN centrality really matters
The world is facing a global health crisis, with COVID-19 confirmed cases reaching more than 2.1 million as of April 17, with more than 147,000 deaths around the globe. Nearly every country in the world has been affected by the virus and the Southeast Asian region is no exception. (The Diplomat, 17/04/2020) More
 
Bilateral Business
Slowdown dents investment
With the global economic slowdown and the spreading coronavirus, Thailand's investment applications are likely to fall below last year's 756 billion baht, according to the Board of Investment (BoI). (Bangkok Post, 20/04/2020) More
 
Green Technology
Coronavirus and the environment: 7 changes to expect
From a rapid fall in air pollution to curious wildlife exploring our city streets, the coronavirus crisis is set to leave a notable imprint on our environment — but not always for the best. (DW, 17/04/2020) More

Coronavirus: Can we still live sustainably?
With more than half the global population under some form of lockdown due to the COVID-19 pandemic, sustainable habits can easily fall by the wayside. But we can still fight off the virus and keep our green habits.(DW, 06(04/2020) More
 
Legal / HR / CSR / Education
Lead with agility and act with humility in times of crisis
It is normal during uncertain times to worry about what may come in the future. We do not know when the coronavirus pandemic will ease, how life will be after the pandemic and how we will keep our businesses moving. Businesses may be finding things difficult today, but it is not impossible to find ways to keep our businesses afloat. (Bangkok Post, 20/04/2020) More

Stores to get health stamp of approval
The Department of Health is going to issue electronic certificates to ensure public hygiene standards after the government allows businesses and shops to operate as normal. (Bangkok Post, 18/04/2020) More

Legal Filling Requirements During the Covid-19 Lockdown
LawPlus gives a summary of new measures from the Department of Business Development (DBD), the Board of Investment of Thailand (BOI), and the Thai Courts of Justice (COJ). More 

Adjustment of Compliance Rules in Response to COVID-19 Measures 
The Ministry of Public Health classified COVID-19 as a dangerous communicable disease that falls within the purview of the 2015 Communicable Disease Act. Accordingly, the Thai Government has requested cooperation from all Departments to refrain from organizing or requiring activities that create a high risk for the spread of disease, such as the holding of meetings. More 
 
Important update on COVID-19
CAAT extends flight ban
The Civil Aviation Authority of Thailand (CAAT) has extended its inbound flight ban to April 30 except repatriation flights and some others for coronavirus disease 2019 (Covid-19) control. 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>

For more updates, please follow us on Facebooktwitter, LinkedIn and website
 
Member News
Bangkok Hospital & Mövenpick BDMS Wellness Resort Bangkok launches 14 days long-stay Health Watch package
Bangkok Hospital in partnership with Mövenpick BDMS Wellness Resort has launched HEALTH WATCH, a 14 days long-stay Urban Wellness Retreat package, which offers Thais and expats the chance to stay in luxury accommodation while being attended by one of the largest and best-equipped medical facilities in the city. More

Samitivej´s Free Ambulance Service during curfew hours
Available today until the cancellation oft he curfew. More 

Bumrungrad raises the bar with a UV light disinfecting robot to fight COVID-19
Bumrungrad International is now using recently imported disinfecting robots from the US to help combat COVID-19. COVID-19 testing is available at Bumrungrad International Hospital. More 
 
New Members
Chamber Representative
Jacob Yu

Chamber Representative
Andreas Rudolf Pungs 

Chamber Representatives
Philipp Fricke and Hien Huynh
Chamber Representatives
Stephan Thiemonds and Thongplew Banpao

Chamber Representatives
Uwe Koernig and Barbara Weiser

Chamber Representatives
Therdsiddhi Hoprasartsuk and Daniel Heusser
 
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Exclusive offer:
10% discount for medical expenses

Validity period:
Now - 31 December 2020
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Condition: 
Show GTCC membership card at the payment counter
 
Trade Fairs
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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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Exhibitions score points with experiences and networking
German exhibiting companies consider trade fairs to offer substantial advantages over digital instruments – like social media and virtual marketplaces. This is one result of a study published in 2019, commissioned by AUMA – the Association of the German Trade Fair Industry – and carried out by KANTAR TNS. More
 
AHK Network News
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AHK World Business Outlook Spring 2020
Results of the survey by the Network of German Chambers of Commerce Abroad (AHKs) show that the global economy and thus the business of German companies abroad are in a substantial crisis. Two thirds of the more than 4,000 companies surveyed by the AHKs worldwide expect the economy to deteriorate in the respective countries. More
 
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ASEAN Snapshot 2020
The third edition of the ASEAN Snapshot presents a selection of key economic indicators on ASEAN and information of German-ASEAN business relations. ASEAN Snapshot aims to provide audiences with an overview of the business developments of ASEAN, ranging from demographic, economics, trade and investment as well as the business relations of selected 7 ASEAN-nations with Germany. More
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 <communications@gtcc.org>. For more information please see our website for our Data Protection Policy.
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