10/08/2023
10/08/2023
16/08/2023
17-18/08/2023
18/08/2023
25/08/2023
25/08/2023
26/08/2023
30/08/2023 - 1/09/2023
31/08/2023 07/09/2023 [Save the date] GTCC Business Women Networking 3/2023
9/10/2023 [Save the date] H2UPPP Regional Conference ASEAN on GH2/PtX Development
12/10/2023
20/10/2023
21/10/2023
For more events, please click HERE |
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How the Thai economy is affected by delay in forming new govt Prolonged political uncertainty may affect the economy and international confidence next year. (The Nation Thailand, 04/08/2023) More Business group keeps growth outlook at 3.0-3.5% Thailand's economy is expected to grow 3.0% to 3.5% this year, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said, unchanged from its previous forecast. (Bangkok Post, 02/08/2023) More Central bank lifts key rate to 9-year high The Bank of Thailand raised its key interest rate to a nine-year high on Wednesday, amid concerns about upside risks to prices. (Bangkok Post, 02/08/2023) More Thai inflation to remain relatively low in Q3: TCC The Thai Chamber of Commerce (TCC) expects domestic inflation to remain relatively low in the third quarter following the 2.49% inflation in the first half of this year, while the Commerce Ministry estimates this year's domestic inflation at 1-2% with a median figure of 1.5%. (The Nation Thailand, 02/08/2023) More Official jobless rate steady at 1.1% The country’s official jobless rate was 1.1% in the second quarter, little changed from 1.05% in the previous quarter, with employment rising as the economy recovered, the government said on Tuesday. (Bangkok Post, 01/08/2023) More Thailand records current account surplus of $1.4bn in June Thailand recorded a current account surplus of copy.4 billion in June, after a deficit of $2.8 billion the previous month, the central bank said. (Bangkok Post, 31/07/2023) More
Household debt at 15-year high Average household debt in the country has reached a 15-year high due to a slower-than-expected economic recovery and high living costs, amid uncertainty over the formation of a new government after May elections. (Bangkok Post, 27/07/2023) More |
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| Mazars technical update - July 2023 |
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Klein, aber ambitioniert Kambodscha ist eine aufstrebende Volkswirtschaft. Industrialisierung und Urbanisierung treiben interessante Entwicklungen an. Viele Branchen sind aber noch fragil. (Thomas Hundt, 03/08/2023) More |
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| Companies & Industrial Sectors |
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Convention bureau cuts Mice outlook to B96bn The Thailand Convention and Exhibition Bureau (TCEB) has downgraded the revenue forecast for the Mice (meetings, incentives, conventions and exhibitions) segment to 96 billion baht, less than half the level recorded in 2019, attributed to a subdued Chinese market. (Bangkok Post, 07/08/2023) More TAT looks to long-haul tourist market for 2024 The Tourism Authority of Thailand (TAT) is setting its sights on drawing 9.2 million long-haul tourists to the country next year, accounting for 26% of a total target of 35 million foreign tourists. (The Nation Thailand, 04/08/2023) More
Airlines put on more flights as tourist demand increases The airline industry is set to fully recover in the fourth quarter of next year and return to 2019’s pre-Covid levels by 2025, according to the Civil Aviation Authority of Thailand (CAAT). (The Nation Thailand, 02/08/2023) More
Interest in online food delivery eases The value of the online food delivery market this year is expected to dip 0.6% year-on-year to 86 billion baht, while the volume of orders is forecast to decrease by 11.3%, according to Kasikorn Research Center (K-Research). (Bangkok Post, 31/07/2023) More
Firms urged to use more digital assets Thailand has the potential to drive greater use of digital assets in the business sector, but a flexible and forward-looking regulatory framework is required to provide consumer safeguards and encourage innovation among operators. (Bangkok Post, 29/07/2023) More Growth in mortgages slim in H1 Banks booked marginal growth in mortgage loans for the first half of this year as rising interest rates weakened the purchasing power of homebuyers. (Bangkok Post, 29/07/2023) More House and condo prices in greater Bangkok rise in past two quarters The prices of new houses and condominium units in and around Bangkok have steadily been risen in the past two quarters of the year, due to higher land prices, increasing prices of construction materials and higher labour costs, according to Wichai Wiratkaphan, acting director of the Real Estate Information Centre of the Government Housing Bank. (Thai PBS World, 28/07/2023) More Construction deal for section of high-speed railway signed An Italian-Thai Development (ITD)-led joint venture last week inked the 9.34-billion-baht construction deal for the Thai-Chinese high-speed railway megaproject. (The Nation Thailand, 25/07/2023) More |
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GTCC OKTOBERFEST 2023 [FULLY BOOKED] |
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Push for Asean logistics hub The government is being urged to support positioning the country as an Asean logistics hub and preparing businesses for the transition to smart and green industries. (Bangkok Post, 04/08/2023) More Asean expects trade boost after improvements in FTAs with East Asian economies Asean made excellent progress in enhancing its free trade pacts with South Korea, Hong Kong, China, and Japan during the latest meeting of senior finance and commerce officers in Subaraya, Indonesia. (The Nation Thailand, 01/08/2023) More |
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Budget sought to maintain state EV subsidy The Excise Department says the 2.9-billion-baht subsidy to support the use of electric vehicles (EVs) will run out within September and it plans to request an additional budget from the new administration to continue the programme until 2025, says director-general Ekniti Nitithanprapas. (Bangkok Post, 07/08/2023) More Egat, CSIRO team up on 'new-generation energy' State-run Electricity Generating Authority of Thailand (Egat) is studying the development of "new-generation energy", including hydrogen fuel, under its latest cooperation with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), an Australian state agency responsible for scientific research. (Bangkok Post, 05/08/2023) More Nusa pressing ahead with Wind Energy Holding share deal Nusasiri Plc (Nusa) is pressing ahead with its plan to acquire the additional 26.65% of Wind Energy Holding (WEH) for 11.7 billion baht, transforming itself from a property company to an energy business operator through a backdoor listing of WEH. (Bangkok Post, 04/08/2023) More
Electric Tuk-Tuks reduce greenhouse gas emissions, easier for the elderly to use Thailand is well-known for its brightly coloured tuk-tuks, which are as much of a feature of the country as the ancient temples built during the Ayutthaya period. Today, the country is preparing for a greener future, by moving away from reliance on fossil-fuels and these three-wheeled vehicles might very well lead the way. (Thai PBS World, 30/07/2023) More Bangchak bullish on green jet fuel plan Energy conglomerate Bangchak Corporation believes its plan to produce biofuel for aircraft -- known as sustainable aviation fuel (SAF) -- will be able to deal with any uncertainty in the future if the company's oil refinery business is disrupted by electric vehicles. (Bangkok Post, 29/07/2023) More EV projects multiply amid green push New electric vehicle (EV) projects from companies and universities are being launched to expand infrastructure for eco-friendly cars, conduct research and increase manpower in the EV industry. (Bangkok Post, 25/07/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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German trade fair organiser predicts positive Thai economic growth An overview of Thailand’s key industries this year shows positive signs of post-pandemic recovery. The four industries showing the most growth are construction, automobile, iron/steel and energy generation, Gernot Ringling, managing director of Messe Dusseldorf Asia, said. Messe Dusseldorf Asia is a subsidiary of a Germany-based trade fair organiser. Ringling reckons these rising trends can be attributed to the government’s initiatives and an increase in private-sector investments. (The Nation, 7/8/2023) More
Thai economic planners seek help from OECD in Paris Officials from Thailand’s economic planning agency visited the Organisation for Economic Co-operation and Development (OECD) in Paris to seek ways to develop the Thai economy on Friday. (The Nation Thailand, 04/08/2023) More CP-led consortium needs BOI certification before work on railway linking 3 airports can kick off The Eastern Economic Corridor Office (EECO) is ready to hand land over to a CP-led consortium to build a high-speed railway from Bangkok’s Suvarnabhumi International Airport to U-Tapao Airport in Rayong. (The Nation Thailand, 01/08/2023) More |
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| Legal / HR / CSR / Education / Health |
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Legal tactics used to minimise tax Chuvit Kamolvisit's allegation that Srettha Thavisin, former president of SET-listed developer Sansiri, was aware of landlords using legal tactics to evade tax payments on land transactions is a common practice among landowners to minimise tax liabilities. (Bangkok Post, 05/08/2023) More Department to meet all oil traders The Internal Trade Department has scheduled a meeting with all oil traders next week to inspect fuel dispensers and equipment to ensure they are in good condition after customers complained they had been short-changed by certain petrol stations. (Bangkok Post, 05/08/2023) More Ministry preps steps to mitigate new standards The Ministry of Finance is preparing to look for ways to help state-owned financial institutions which may be affected by the adoption of new financial reporting standards that are set to take effect in 2025, says permanent secretary Krisada Chinavicharana. (Bangkok Post, 02/08/2023) More New rules mooted to cut welfare spending The Ministry of Finance is proposing a new guideline on the allocation of the public welfare budget to reduce the burden on government expenditure, according to a Finance Ministry source who requested anonymity. (Bangkok Post, 31/07/2023) More
Power tariff to be cut The Energy Regulatory Commission (ERC) has agreed to reduce the power tariff by 5.3% to 4.45 baht per kilowatt-hour (unit), which will lead to cheaper electricity bills between September and December. (Bangkok Post, 28/07/2023) More
Rising cost of living top concern among Thais, survey reveals Ipsos, a market research and consumer opinion survey company, has just published the results of its survey on the issues that most concern people in 30 countries around the globe. (The Nation Thailand 26/07/2023) More
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Smart Siam Consulting Limited announces partnership with A. Eberle GmbH & Co. KG Smart Siam Consulting Limited is thrilled to announce their partnership with A. Eberle GmbH & Co. KG, a trusted name in the Power Quality Analysis, Substation Monitoring, and Voltage regulation market. Together, they'll drive grid digitization and automation in Thailand, Laos & Cambodia. More
Samitivej Sukhumvit wins the “Clinical Service Initiative of the Year” award Samitivej Sukhumvit wins the “Clinical Service Initiative of the Year” award at the “Healthcare Asia Awards 2023” in Singapore for its Samitivej Preterm Prevention Program by Samitivej Sukhumvit Hospital. More
Sindhorn Kempinski Hotel Bangkok awarded Best New Hotel Sindhorn Kempinski Hotel Bangkok was named Best New Hotel in Asia, Africa, Middle East & Oceania at the prestigious Condé Nast Johansens Annual Awards for Excellence 2023. More
Bangkok Hospital is hosting "Hello Sawasdee! To a healthier you. Bangkok Hospital is here" Bangkok Hospital is hosting the remarkable event of health and wellbeing for Expatriats living in Thailand on 9 September,2023 at Mövenpick BDMS Wellness Resort Bangkok. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Deufol Doehle Projects Ltd. Chamber Representatives Benjamin Ress Piemsuk Sanghiran
Chamber Representatives Patrick Edler Jon Erik Andreas Gunnestrand |
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Chamber Representatives Siamsarn Buangam Pattama Milindankura
Zimt Chamber Representative Daniel Quilitz
Ms. Lim Sheue Ling |
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SETA 2023 & SSA 2023 17–18 August 2023, Bangkok, Thailand
SETA 2023 & Solar+Storage Asia 2023 showcase a high-level leadership conference under the main theme "Driving Asia’s Energy Transition Pathways to Carbon Neutrality." Expand your network and explore business opportunities through dedicated business matching sessions with over 1,500 participants, scheduled on 17-18 August 2023, at Centara Grand & Bangkok Convention Centre. Meet the GTCC and H2Uppp teams at our booth! Register now |
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iba 22-26 October 2023, Munich, Germany The world’s leading trade fair for the baking and confectionery industry is the international meeting place for bakers, pastry chefs, restaurateurs, café owners, hotel professionals, and caterers as well as decision makers from the food retail market. More |
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ITB Asia 25-27 October 2023, Singapore The Asia's Leading Travel Trade Show is co-located with MICE Show Asia and Travel Tech Asia covering the key verticals in the travel industry such as Leisure, MICE, Corporate, and Travel Technology. With three shows in one event, it has become Asia's largest travel showcase. More
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GTCC Business & Study Trip to Germany. "Sustainable Agriculture" by visiting AGRITECHNICA 2023 and Exclusive Site Visits on 11-19 November 2023 in Hannover, Germany
The business & study trip's content will emphasize the importance of enhancing productivity in the agriculture sector with a focus on preserving the environment and climate. It aims to showcase innovative ideas and practices that enable the agriculture industry to achieve green productivity. This will be accomplished through visits to model farms for sustainable agriculture, leading German companies in agriculture sector, and the renowed trade show for agriculture machinery, AGRITECHNICA, located in Hannover. More |
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German Trade fairs take off powerfully Since January, more than 50 trade fairs have taken place in Germany, more than 60 are still planned until the end of March. Among them outstanding shows such as the travel fair ITB in Berlin, the world's leading trade fair for water, heat and air ISH in Frankfurt and the International Dental Show IDS in Cologne. The latter will celebrate 100 years of existence this March. More |
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AHK World Business Outlook 2023 (ASEAN Focus) The 2023 survey has been complemented by the German Chambers of Commerce Abroad (AHKs) in the ASEAN region between 20 March and 16 April 2023, in order to derive more insights from the regional business climate. AHK offices are present in seven of the 10 ASEAN member states: Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, also coordinating activities in Myanmar, Cambodia and Laos. More |
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ASEAN Snapshot 2023 The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, is pleased to introduce to the fifth edition of the ASEAN Snapshot booklet with a variety of up-to-date charts and infographics about ASEAN economic developments, ranging from demographic, economics, trade and investment information. More |
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EU-Thailand FTA Survey The European Association for Business and Commerce (EABC) has been building capacity and preparedness for some time in preparation for an EU-Thailand FTA. EABC has started preparing positions and recommendations based on expected chapters in an FTA. EABC offers our chamber members the opportunity to be heard directly via a survey on the expected EU-Thailand FTA. The EU Delegation in Thailand has recognised this survey. GTCC members’ feedback and opinions are valuable, and will help EABC to understand better the needs and expectations of stakeholders in the negotiation process towards an FTA. Please click HERE for the survey which is open until 21 August 2023.
Falling Walls Lab Thailand 2023 - 26 August 2023 Falling Walls Lab Thailand 2023 will be held on 26 August 2023 in Bangkok at the EASTIN Grand Hotel Phayathai to bring together a diverse and interdisciplinary pool of students and early-career professionals, and strengthen contacts and cooperation between Germany and Thailand in science and innovation. The event is organised by the Germany Falling Walls Lab Foundation and supported by the German Ministry of Foreign Affairs, the German Academic Exchange Service (DAAD), the German Embassy, GTCC, and local partners such as several universities, the NSTDA. Click here for the invitation letter and sponsorship
Stuttgart Ballet Gala Performance - 12 October 2023 Stuttgart Ballet Gala Performance will take place on Thursday 12 October 2023, 19:00 hrs. at Thailand Cultural Centre. The performance is part of the Bangkok’s 25th International Festival of Dance and Music. Stuttgart Ballet is a leading German Ballet Company dating back to 1609 which has kept its reputation as one of the top ten ballet companies in the world. All GTCC members will get 5% discount on purchase of 2 tickets and 10% discount on purchase of 4 or more tickets. Click here for ticket booking |
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Chadaphan Maliphan
Publication and Communication Manager |
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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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