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12 December 2023
 
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Upcoming Events
14/12/2023
GTCC AFTERWORK "Christmas Edition"

15/12/2023

17/01/2024
[Save the Date] STCC Multi-Chamber Networking Night

18/01/2024

19/01/2024
[Save the Date] Multi-Chamber Eastern Seaboard Networking by SATCC

30/01/2024
[Save the Date] GTCC New Members Meet-up 1/2024

For more events, please click HERE
 
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Park85 RESIDENCES
 
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MAZARS IN THAILAND
 
Economy
High-potential sectors to drive growth
Next year the Thai economy, particularly exports, will be driven by high-potential industries such as agriculture, food, cars and auto parts, as well as bio-, circular and green (BCG) manufacturing, says the Federation of Thai Industries (FTI). (Bangkok Post, 11/12/2023) More
 
Thai inflation rate hits 33-month low in November
Thailand’s headline inflation rate in November contracted for the second consecutive month to a 33-month low, the Trade Policy and Strategy Office said on Thursday. (The Nation, 7/12/2023) More
 
Call for more stimulus to help economy
Thailand needs new government measures to stimulate the economy next year, easing the impact from the delay in budget allocation for fiscal 2024, says the Federation of Thai Industries (FTI). (Bangkok Post, 4/12/2023) More
 
Thailand bounces to 35th in competitiveness ranking
Public and private organisations have set a high bar, aiming for Thailand to reach the top 30 in the digital competitiveness ranking by 2027 through promotion of electronic transactions, increasing the adoption of e-government services and further integrating open data services. (Bangkok Post, 1/12/2023) More
 
Economic Factsheet
UPDATE Magazine
Mazars Technical Update - Oct 2023
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GTAI
Wirtschaftsdaten kompakt - Thailand 
GTAI präsentiert Ihnen wieder die Reihe "Wirtschaftsdaten kompakt". Mit dieser Ausgabe erhalten Sie eine Kurzversion über die wichtigsten Indikatoren: Einwohner, Bevölkerungsdichte, Bruttoinlandsprodukt, BIP je Einwohner, BIP-Wachstum, Inflationsrate, Arbeitslosigkeit, Haushaltssaldo, Außenhandel, wichtigste Handelspartner, ausländische Direktinvestitionen, Außenhandel mit Deutschland, wichtigste deutsche Ein- und Ausfuhrgüter. More 

Feiertage 2024 - Thailand 
Hier finden Sie Informationen zu staatlichen und religiösen Feiertagen im Ausland, Hinweise zu Bankfeiertagen und Öffnungszeiten sowie interkulturelle Tipps. More 

 
Companies & Industrial Sectors
Travel trends still sluggish
This year could prove a disappointment not only for inbound tourism, with a weaker recovery than expected, but also for outbound tourism as only 60-70% of the total of Thais that travelled overseas in 2019 are slated to do so in 2023. (Bangkok Post, 12/12/2023) More 

B. Grimm opens new plant
B.Grimm Power (Angthong) 3 Co, a subsidiary of B.Grimm Power Plc, has reached its commercial operation date (COD) for the Angthong 3 combined-cycle power plant project. (Bangkok Post, 9/12/2023) More 
 
AIS bags two gongs at SET Awards
Advanced Info Service (AIS) has received two major accolades from the SET Awards 2023 organised by the Stock Exchange of Thailand (SET) and Money and Banking magazine. (Bangkok Post, 12/12/2023) More 

Thai Union closes B11.4bn in finance
Thai Union Group, one of the world's largest seafood companies, yesterday announced the closure of a 11.4-billion-baht sustainability-linked loan (SLL) package. (Bangkok Post, 1/12/2023) More 
 
Thailand & ASEAN
Indonesia becomes largest importer of Thai rice
Exports of Thai rice to Indonesia have soared over the past few months as the country struggles with severe drought triggered by the El Niño phenomenon and the delayed onset of the rainy season. (The Nation, 5/12/2023) More
 
Ripe time to boost Thai-Vietnamese ties
Thai-Vietnamese ties have come a long way since they were first established in the 12th century. It is high time for both countries to sit down and work together towards a comprehensive strategic partnership (CSP).. (Bangkok Post, 5/12/2023) More
 
Thailand ready to receive Myanmar refugees
The government is ready to build shelters along the border to receive refugees in the event that fighting in Myanmar escalates further, according to Foreign Affairs Minister Parnpree Bahiddha-Nukara. (Bangkok Post, 3/12/2023) More 
 
Green Technology
Government pledges 100% electric public transport by the end of the decade
The Transport Ministry will make its entire fleet of public transport vehicles 100% electric, starting with the limousine service of the Airports of Thailand (AoT), said Minister Suriya Jungrungreangkit. (Bangkok Post, 4/12/2023) More
 
Promotions set to drive EV sales
Battery electric vehicle (BEV) sales in Thailand are expected to reach 70,000 units this year thanks to the launch of new models and marketing campaigns, especially during November and December, says the Federation of Thai Industries. (Bangkok Post, 2/12/2023) More 
 
Private sector urged to embrace circular economy
The private sector is being encouraged to adopt circular economy principles for business operations to reduce costs, increase efficiency and generate income from innovative business models. (Bangkok Post, 2/12/2023) More 
 
Bilateral Business
Thailand set to formally apply for OECD membership
Thailand will take steps to become a member of the Organisation for Economic Cooperation and Development (OECD) to attract greater investment into the country, according to the Thai economic planning agency. (The Nation, 9/12/2023) More 

Thailand resumes FTA negotiations with EU
Thailand is resuming Free Trade Agreement (FTA) negotiations with the European Union (EU), aiming to complete talks by 2025. These negotiations, which have stalled since 2014, were announced by Commerce Minister Phumtham Wechayachai. (Pattaya Mail, 4/12/2023) More 
 
Legal / HR / CSR / Education / Health
Business rehabilitation in Thailand and debt repayment 
Navigating the complexities of the Bankruptcy Act for sustainable business recovery amid economic challenges (Bangkok Post 12/12/2023) More 

Cabinet approves visa-free entry for Japanese business 
The cabinet on Tuesday approved the extension of 30-day visa-free entry for Japanese tourists to include Japanese making business visits, to facilitate investment, effective from Jan 1 next year. (Bangkok Post 12/12/2023) More 

Srettha vows to improve education system amid poor scores
All past governments must take responsibility for the poor results of Thai students in recent international tests, according to Prime Minister Srettha Thavisin. (Bangkok Post, 9/12/2023) More 
 
Member News
Sindhorn Kempinski celebrated the 3rd anniversary
Sindhorn Kempinski Hotel Bangkok recently commemorated its third anniversary in traditional Thai way. The Kempinski team joined in blessing and recognition ceremonies with Kempinski Loyalty Award to colleagues. More

Miskawaan Health Group hosts exclusive dinner for American Express Thailand clients
On November 13, 2024, Miskawaan Health Group, led by Chairman David Boehm, hosted an exclusive private dinner for American Express Thailand clients at the esteemed 1 Michelin-starred restaurant, Savelberg Thailand. The event brought together key figures from the healthcare, sports, and financial sectors. More

Gulf CEO Sarath richest shareholder at B190bn 
Sarath Ratanavadi, chief executive of Gulf Energy Development Plc, one of the country’s largest power producers, is the richest shareholder in the Thai capital market for the fifth consecutive year, with stocks worth 190 billion baht. More 

Alessi Exhibition @ German Kitchen Design
German Kitchen Design has partnered with Italasia to showcase ALESSI's timeless design pieces to Thai bon vivants. The exhibition will run from December 7th, 2023 – January 14th, 2024, at German Kitchen Design's showroom. More

Bumrungrad Run for Health 2023
17 December 2023. Run for your health and support underprivileged children.
By registering, you contribute to the Bumrungrad Hospital Foundation, ensuring children education and access to vital healthcare through program. More

Christmas Jazz at Monsoon Valley
23 December 2023. Monsoon Valley, in association with Hua Hin Heroes Foundation, is inviting you to Christmas Jazz Concert and Charity Dinner at Monsoon Valley Vineyard. More
 
New Members
Chamber Representatives
Matthew Fryar
Sumitra Chimpiboon
Chamber Representatives
Juergen Kohnen
Torben Berger

Mr. Jurgen Wolf
 
Trade Fairs
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Grüne Woche 
19-28 January 2024, Berlin, Germany

Grüne Woche is the leading international trade fair for food, agriculture and horticulture. The fair is also the venue for the Global Forum for Food and Agriculture (GFFA) organized by the German Federal Ministry of Food and Agriculture. More 
 
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ITB Berlin 
5-7 March 2024, Berlin, Germany

ITB Berlin 2024 will take place as a pure b2b event providing a platform for the entire value chain of the travel industry. It hosts the leaders of the global travel industry, showcasing decisive trends and providing unlimited opportunities for the travel business. The internationally acclaimed ITB Berlin Convention will take place parallel with the show as a live event. More 
 
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The German Trade Fair Industry: Using post-crisis momentum to drive change
AUMA highlights current trends and prospects in the trade fair business in its annual publication, “AUMA Trends 2023/2024”. The digital brochure provides a comprehensive overview of the issues affecting the German trade fair industry following the coronavirus pandemic. Interviews reveal the perspective of the exhibiting companies and the expectations of visitors. New competences on the part of exhibition organisers and service providers are discussed. AUMA demonstrates the importance of the industry with facts and figures. An abridged version is now available in English. More
 
AHK Network News
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Results of Survey on labour situation of GTCC member companies in Thailand
A survey on labour situation had been conducted among GTCC member companies during 11-25 September 2023. It is found that 65.5% of the survey participants experienced a labour shortage in the past 12 months, while 62.1% found it manageable. Lack of skilled workforce in Thailand is the major causes of their labour shortage (65.5%), followed by competition from other companies (58.6%) and language and cultural barriers (24.1%). More results can be found here
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Position Paper: Why German Businesses support an EU-ASEAN FTA
This comprehensive position paper underscore the significance of the proposed FTA. The agreement would incentive investments and facilitate the diversification of supply chains and customer bases. As a result, business in the EU and ASEAN can mitigate their reliance on a single market, thus fostering greater resilience and stability. The survey was conducted by the Singaporean-German Chamber of Industry and Commerce in June 2023 and gathered data from 169 member companies of German Chambers located in ASEAN. 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
 
Other News
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APK 2024: 18th Asia-Pacific Conference of German Business
24-26 October 2024

The Asia-Pacific Conference of German Business (APK) is the flagship event for business leaders, executives and political representatives to discuss and promote economic relations between Germany and Asia-Pacific. Sponsoring the APK 2024 in New Delhi, India, gives you the opportunity to place your business right into the spotlight and to raise brand awareness. 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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