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GTCC e-UPDATE: 7 January 2019
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Upcoming GTCC Events

18.01.2019

29.01.2019

31.01.2019

21.02.2019 
[SAVE THE DATE] GTCC Joint Chambers Luncheon: Thailand Economic Outlook 2019

26.02.2019

28.03.2019
[SAVE THE DATE] GTCC Ordinary General Meeting (OGM) 2019

24.05.2019
[SAVE THE DATE] GTCC Gala Night 2019: Fairy Tales
 
 
 
Economy
Inflation reached 4-year high in 2018
Thailand's annual headline inflation rose to a four-year high in 2018, boosted by energy and house rent, but the rate still moved in the target range set by the government. (Bangkok Post, 03/01/19) More

Thailand: Year in Review 2018
Increasing levels of private consumption and investment, backed by the government’s infrastructure programmes, helped Thailand’s economy expand in 2018, although a decline in external demand and lower tourism receipts are expected to dampen full-year growth. (Oxford Business Group, 02/01/2019) More

BoT targets key areas for better stability
Inaccessibility to financial sources at a reasonable price for some small and medium-sized enterprises (SMEs) and search-for-yield behaviours by savings and credit cooperatives are areas that the Bank of Thailand is keen to see improvements to reinforce financial stability. (Bangkok Post, 25/12/18) More

SME Bank recapitalisation progresses
The state-owned Small and Medium Enterprise Development Bank of Thailand's (SME Bank) planned 4-billion-baht recapitalisation will enable the bank to extend an additional 40 billion in loans, its chief says. (Bangkok Post, 18/12/2018) More

Power bills set to drop
Energy policymakers are planning to cap the power tariff at 3.576 baht per kilowatt-hour (unit) under a new version of the national power development plan (PDP), with the expectation of maintaining consumer power bills for 20 years, says Kulit Sombatsiri, permanent secretary of the Energy Ministry. (Bangkok Post, 18/12/2018) More

Plan to ease SMEs' access to Chinese
The Commerce Ministry has teamed up with International Merchandise Exchange & Exhibition (IMX), a subsidiary of King Wai Group (KWG), to empower Thai SMEs to gain access to the China market through both online and offline channels. (Bangkok Post, 14/12/18) More

Apisak expects slower Thai growth in 2019
The Thai economy in 2019 will slow down from this year, with the US-Sino trade rift a drag, but growth of 4% is still possible, says Finance Minister Apisak Tantivorawong. (Bangkok Post, 13/12/2018) More
 
GTAI News
Gesundheitsmarkt in Südostasien wächst kräftig
Die Nachfrage nach Gesundheitsdienstleistungen und -produkten in den Ländern der Vereinigung südostasiatischer Staaten ASEAN (Association of South-East Asian Nations) entwickelt sich dynamisch. Allein der Markt für Medizintechnik in der Region soll 2016 laut Business Monitor International eine Größe von 5,3 Milliarden US-Dollar (US$) erreicht haben und bis 2021 mit durchschnittlichen jährlichen Raten von knapp 10 Prozent weiter zulegen. Die Bevölkerung wächst, und gleichzeitig steigt die Lebenserwartung. (GTAI, Berlin, 03/01/2019) More
 
Companies & Industrial Sectors
Toyota likes 2018 results
Toyota Motor Thailand says it's confident of achieving local sales goals for 2018, thanks to overall strong sentiment, newly launched models and the government's stimulus measures. (Bangkok, 22/12/18) More

Haier Thailand boosts 2020 sales target 35% to B6.5bn
Haier Electrical Appliances Thailand has raised its sales target under the Vision 2020 strategy to 6.5 billion baht, boosted by sustainable sales growth of electric appliances in Thailand over the past several years. (Bangkok Post, 20/12/2018) More

FTI sees stagnant car output in 2019
Thailand's automotive industry is expected to maintain output in 2019 at 2.15 million cars, even as domestic and external factors become volatile, says the Federation of Thai Industries (FTI). (Bangkok Post, 20/12/2018) More

IT services spending predicted to increase
Information technology services spending in Thailand is expected to reach 92.6 billion baht this year, an increase of 9.2% over the 84.8 billion spent in 2017, according to International Data Corporation (IDC). (Bangkok Post, 18/12/2018) More

K-Research: EVs to see production boom in 2019
Kasikorn Research Center (K-Research) forecasts the number of electric vehicle (EV) families will increase sharply in 2019, even as the overall car market in the country dips slightly. (Bangkok Post, 13/12/2018) More
 
Thailand and ASEAN
Thai-drafted standards for Mice venues to lift region
The Thailand Convention and Exhibition Bureau (TCEB) is set to reinforce Mice standards across Southeast Asia, aiming to attract more international trade fairs to the region. (Bangkok Post, 14/2018) More
 
Green Technology
B.Grimm moves ahead on solar lead
B.Grimm Power Plc, which has the most capacity among small power producers in Thailand, has begun commercial operations at three solar projects in the country with a combined capacity of 10.83 megawatts (MW). (Bangkok Post, 27/12/18) More

BoI approves 3 EV projects, including charging stations
The Board of Investment (BoI) has approved three projects for the electric vehicle (EV) scheme in November, including Energy Mahanakhon Co on Nov 27 for building charging stations worth 1.09 billion baht. (Bangkok Post, 26/12/18) More
 
Bilateral Business
Tourism arrivals in Thailand up 7.5% so far this year
The Ministry of Tourism and Sports has announced the tourism figures for January-November 2018, providing an accurate indication of what the country can expect for year’s end numbers. ussian, UK and German tourists record strong rises for 2018. (Thaiger.com, 26/12/2019) More
 
Legal / HR / CSR
Bill amended to require court warrants for information access
The latest version of the cybersecurity bill that passed a cabinet hearing on Tuesday was amended to add a requirement for court warrants in cases where the state authority wants to access computer systems to obtain users' personal information. (Bangkok Post, 20/12/2018) More
 
Member News
Siemens verifies Thai greenness
Thailand is well on its way to a sustainable and green energy future, based on a diverse mix of energy sources and lower reliance on coal, say top executives at the global energy company Siemens. (Bangkok Post, 18/12/2018) More
 
Happy Birthday Surprise!

Our Birthday Partner
 
New Applications Approved in December Board Meeting

Chamber Representatives
Günter Busch and Gundolf Schneider

Chamber Representatives
Tiddy S. Teerawit and Jean C. Valendez

Chamber Representatives 
Enrico Sielaff and Martin Rohde

Chamber Representative
Pheeraphon Nonthasoot

Chamber Representatives
Thomas Harlander and Leanne Hucker

Chamber Representative
Oliver Schnatz
 
Economic Factsheet
UPDATE Magazine
Featured: Thailand promoting robots and automation for industry; Interview: Martin Wenzel, KUKA Robotics (Thailand/ASEAN); Preparing for industrial robots: The vital role of the education sector; Robotics market in Thailand; GTCC Oktoberfest 2018; and GTCC Family Christmas Party 2018 // Business Brief // Chamber Activities // GTDEE Insights // Trade Fairs // Members' Corner
Preferred Benefits
Samitivej offers up to 50% discount on Health Checkup Programs
Validity: Now - December 2019
 
Trade Fairs
GTCC HANNOVER MESSE Delegation Trip
Date: 30 March - 7 April 2019

Secure your seat pls contact us, tel: 02 055 0600
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Adhesives - Sealants - Construction Chemicals
 
Date: 19-21 March 2019
Location: Exhibition Centre Nuremberg

Register your visitor ticket by clicking HERE.
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Business festival for innovation and digital technology
 
Date: 25-27 June 2019
Location: Skolkovo Technopark

Register your visitor ticket today by clicking HERE.
 
Media Partners for EMO Hannover 2019
 
324 trade fairs outside Germany planned in 2019
German exhibition organisers are planning 324 foreign trade fairs in 37 countries next year. The brochure “German Trade Fair Quality Abroad 2019”, published by the Association of the German Trade Fair Industry (AUMA), provides an overview of these events organised by members of AUMA. More
 
Contact Person
Chadaphan Maliphan

Publication and Communication Manager
Tel: +66 2 055 0623 
 
 
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