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21.05.2020
26.05.2020
23.06.2020 |
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NESDC predicts 5-6% contraction The state planning unit, the National Economic and Social Development Council (NESDC), has cut its economic forecast to a contraction of 5-6% this year, down from the 1.5-2.5% growth projection made on Feb 17. (Bangkok Post, 19/05/2020) More
Commercial banks' NPLs hit 9-year high at end of March Local commercial banks' non-performing loans (NPLs) climbed to a nine-year high at 3.05% of loans outstanding at the end of March, with consumer bad loans outpacing commercial NPLs for the first time in four years. (Bangkok Post, 19/05/2020) More
Economy shrinks for first time since 2014 on virus The country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce. (Bangkok Post, 18/05/2020) More
Banks may see strong loan growth, more bad loans this year: BoT Commercial banks are expected to post strong loan growth this year, as more large businesses are seeking credit due to the volatile debt market amid the coronavirus outbreak, a senior director at the Bank of Thailand (BoT) said on Monday. (Bangkok Post, 18/05/2020) More
Key sectors' future looks L-shaped Industries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics. (Bangkok Post, 16/05/2020) More Post-lockdown prospects brighten as malls revive The government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. (Bangkok Post, 16/05/2020) More |
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GTCC Virtual Round Table on Logistics |
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Coronavirus treibt Digital Health voran Das Gesundheitswesen investiert wegen der Covid-19-Epidemie verstärkt in E-Health. Digitale Technologien sind gefragt, allerdings fehlen der rechtliche Rahmen und die Koordination (13/05/2020) More |
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MÖVENPICK BDMS WELLNESS RESORT BANGKOK |
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| Companies & Industrial Sectors |
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Mall operators seek to recoup sales losses A group of mall operators has called on the government for remedy, citing losses of almost 15 billion baht worth of sales revenue during forced closure between March 22 to May 17. (Bangkok Post, 19/05/2020) More
New plant to address droughts In response to the ongoing and future droughts plaguing the industrial sector, the Industrial Estate Authority of Thailand (IEAT) is planning to invest in a water desalination plant in the Eastern Economic Corridor (EEC). (Bangkok Post, 19/05/2020) More
TAT 'trusted' rebranding curates market Thailand plans to rebrand tourism in the post-coronavirus era to "Amazing Trusted Thailand", aimed at selective markets and destinations in the country that can guarantee health and safety standards for both tourists and locals. (Bangkok Post, 19/05/2020) More
Post-outbreak equity opportunities on the horizon Although the Covid-19 pandemic has ravaged a lot of businesses, some have reaped gains from the global outbreak, with investment opportunities presenting themselves in the post-outbreak period. (Bangkok Post, 19/05/2020) More
Cabinet approves plan for THAI bankruptcy court restructuring The cabinet approved a plan to bring Thai Airways International Plc to bankruptcy court for debt restructuring. (Bangkok Post, 19/05/2020) More
Grab Thailand head announces surprise departure Tarin Thaniyavarn, the head of Grab Thailand, has decided to leave the position, saying he wants to pursue his own interests after more than two years with the on-demand mobile app. (Bangkok Post, 19/05/2020) More
Hotelier Minor plans B25bn funding in pandemic-hit market Thailand's Minor International Plc, which operates brands such as Marriott and Four Seasons, plans to raise a total of 25 billion baht through perpetual bonds, a rights issue and 3-year warrants. (Bangkok Post, 19/05/2020) More
The new era of treatment: Functional medicine the way of the future Functional Medicine is a systems biology–based approach that focuses on identifying and addressing the root causes of diseases. Each symptom or differential diagnosis may be one of many contributing to an individual’s illness. Where conventional medicine is structured to manage symptoms, functional medicine strives to address the root causes. (Bangkok Post, 19/05/2020) More
AIS application upgraded to assist virus volunteers Advanced Info Service (AIS) has added new features that can help village health volunteers monitor and screen people at risk of contracting the coronavirus in real-time onto the existing Aorsormor online app, a social network platform for the group.(Bangkok Post, 19/05/2020) More
Facebook backs SMEs with $100m global scheme Facebook Thailand aims to offer financial support, including advertising credit, for local small and medium-sized enterprises (SMEs) as part of the social media giant's US$100-million programme to help small businesses in 30 countries in the wake of the coronavirus pandemic. (18/05/2020) More
SEZ interest pales next to EEC Investment applications for 10 special economic zones (SEZs) remain low compared with those made for the flagship Eastern Economic Corridor (EEC), with the number of projects and investment value totalling 75 projects and 11 billion baht, respectively, from 2015 to April 1, 2020. (Bangkok Post, 18/05/2020) More
Gartner slashes IT spending forecast Global research firm Gartner has cut Thailand's 2020 IT spending forecast to 649 billion baht, a drop of 9.3% from last year, with the biggest fall predicted in the device segment because of the pandemic. (Bangkok Post, 15/05/2020) More CPF expects record year for profits Charoen Pokphand Foods Plc (CPF) expects to have its best year ever due to soaring pork prices and plans to expand in North America. (Bangkok Post, 14/05/2020) More |
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Small brewers pour into Vietnam Restrictive rules for craft beer manufacturing written by the local duopoly have led Thai brands to a nurturing community a few countries over. (Bangkok Post, 18/05/2020) More Thai-Cambodian talks on disputed oil fields expected to resume PHNOM PENH: Negotiations on oil and gas development in the long-contested overlapping claims in the Gulf of Thailand between Cambodia and Thailand will resume soon after the viral pandemic ends. (Bangkok Post, 15/05/2020) More |
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Thai hotels reject TUI's delayed repayment Hotels in Thailand have written to TUI Group's chief executive, rejecting the big tour operator's proposal to delay debt repayment and proposing an optional deferment payment plan requiring 50% of the overdue amount by this month. (Bangkok Post, 18/05/2020) More |
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DKSH and Loxley test BYD electric van DKSH Thailand, a provider of market expansion services in Asia, has partnered with Loxley Plc to trial the use of BYD's T3 100% electric van at DKSH's Bang Na distribution centre to tackle air pollution and promote zero-emission solutions. (Bangkok Post, 18/05/2020) More
The rise of digital farming Global food supply chains have been heavily disrupted by the coronavirus pandemic, highlighting the need to produce food more sustainably and locally and reduce the distance between farm and fork. (Bangkok Post, 18/05/2020) More Solar rooftops to propel Prime Road Prime Road Power Plc, a local renewable energy developer and operator, expects its revenue in 2020 will grow by 30% compared to last year. (Bangkok Post, 15/05/2020) More |
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GTCC Virtual Round Table on HR and Hiring Challenges |
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| Legal / HR / CSR / Education |
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17 new digital channels sequenced for education The National Broadcasting and Telecommunications Commission's (NBTC) board approved on Wednesday the sequencing of 17 new digital TV channels for education run by the Education Ministry, comprising channels No.37-53. (Bangkok Post, 14/05/2020) More |
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| Important update on COVID-19 |
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Inbound flight ban extended The Civil Aviation Authority of Thailand (CAAT) announced the extension of its inbound flight ban. All commercial flights into Thailand have been banned until 30 June 2020. (CAAT, 16/05/2020) More
State readies B350bn in aid for informal workers, farmers The government estimates it will spend 350 billion baht for cash relief payments to 25 million informal workers and farmers. (Bangkok Post, 16/05/2020) 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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New e-meeting law and other measures to ease COVID-19 effects In terms of legislative measures, the Thai Government has passed and implemented several laws and regulations to impose preventive sanctions and to grant and encourage financial, medical, moral and social support to the general public and businesses. More Community power plant project procurement Regulations of the Energy Regulatory Commission on power procurement from very small power producers for the Community Power Plant Project for the Local Economy 2020. More GTCC members’ social contributions during the COVID-19 pandemic German-Thai business community takes part in fighting against the impact of the COVID-19. GTCC members support Thai people, healthcare professionals and Thai government with dedication and passion. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Exclusive offer: 10% Discount on Professional COVID-19 Disinfection Service |
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Hotline: 1732 press 6 Tel: 02 797 7000 Line: @Ecocycle |
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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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German politics sends first signals for trade fair restart The German federal states will decide in future, as of when exhibitions can be realised, if guidelines for hygiene and personal distance are fulfilled. Government and federal states agreed that simultaneously, exhibitions will no longer be regarded as mass events. More |
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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 |
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Chadaphan Maliphan
Publication and Communication Manager |
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