Register now for our upcoming events
14/11/2024
14/11/2024
15/11/2024
19/11/2024
21/11/2024 [Save the date 11.00-12.00 hrs.] GTCC Webinar on "Medical Transport Efficiency to Achieve the Optimal Life-Saving Outcome" by Bumrungrad International Hospital x Lufthansa Airline
21/11/2024 [Save the date 18.00-21.00 hrs.] STCC Multi-Chamber Networking Night
22/11/2024
27/11/2024 [Save the date 18.00-21.00 hrs.] GTCC x Rhenus Logistics: Beer Tasting
For more events, please click HERE |
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FORVIS MAZARS IN THAILAND |
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GTCC AFTERWORK BRIEFING & NETWORKING TRI-NATION EDITION |
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Thai exports up but miss forecast, seen rising in Q4 Exports rose for a third straight month in September, although less than expected, data showed on Monday, and the commerce ministry said shipments would continue to increase in the final quarter of the year. (Bangkok Post, 28/10/2024) More
Thailand on course for 2.8% growth The Ministry of Finance expects the Thai economy to grow by 2.8% this year and 3% next year, according to the head of the Fiscal Policy Office (FPO). (Bangkok Post, 24/10/2024) More
Thai central bank sees no need to change inflation target, no easing cycle ahead Thailand's current inflation target range of 1% to 3% has "served pretty well" and should not be changed, a deputy central bank governor told Reuters, as the government pushes for a higher price target to boost economic activity. (Reuters, 24/10/2024) More
New stimulus efforts readied The Finance Ministry is preparing additional stimulus measures, including plans to promote tourism and encourage spending towards the end of the year. (Bangkok Post,19/10/2024) More
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Strukturwandel schiebt Nachfrage nach Agrartechnik an In Thailand steigt der Bedarf an landwirtschaftlichen Geräten, denn der Arbeitskräftemangel und höhere Standards erfordern neue Agrartechnologien - auch aus dem Ausland. (GTAI, 21/10/2024) More
Thailand plant 9 Milliarden US$ für Investitionen in Flughäfen Die Passagierzahlen in Thailand sollen in den nächsten zwei Dekaden um über 6 Prozent pro Jahr steigen. Zu den größten Neubauprojekten gehören Airports nahe Chiang Mai und Phuket. (GTAI, 17/10/2024) More
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GTCC INTER-CHAMBER YOUNG PROFESSIONALS NETWORK EVENING |
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| Companies & Industrial Sectors |
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Industry Ministry invests 10 million baht to drive growth in 200 SMEs The funds have been earmarked for two programmes in which 200 SMEs will be helped to embrace digitalisation and sustainable practices. (The Nation, 28/10/2024) More
Transport Ministry pushes for six new airports With aviation conference predicting a doubling of passenger numbers in 20 years, investment in infrastructure will be vital. (The Nation, 28/10/2024) More
YouTube optimistic on shopping affiliate initiative YouTube has launched its shopping affiliate programme in Thailand, making Thailand the fourth country in the world and the second in Southeast Asia where it is available. (Bangkok Post, 28/10/2024) More
FTAs fuel growth in Thai agricultural exports in the first 8 months of 2024 Thailand’s agricultural exports grew by 8 per cent year on year in the first eight months of 2024, valued at $19.826 billion, the Department of International Trade Negotiations said. (The Nation, 25/10/2024) More
Deep tech startups spawned The Program Management Unit for Competitiveness (PMUC), a research funding unit under the Higher Education, Science, Research and Innovation Ministry, has successfully nurtured more than 90 Thai deep tech startups and innovation-based entrepreneurs, resulting in an economic value of more than 965 million baht. (Bangkok Post, 24/10/2024) More
FTI's auto club to cut output target as sales contract in first 9 months Estimates for automotive manufacturing output this year are likely to be lowered as the industry has been suffering from contracting sales over the past nine months, according to the Automotive Industry Club of the Federation of Thai Industries (FTI). (The Nation, 24/10/2024) More
Banks post modest increase in profits The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties. (Bangkok Post, 22/10/2024) More
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Farm exports surge amid free trade deals Free trade agreements (FTAs) have turned Thailand into the largest exporter of agricultural products in Southeast Asia and the eighth-largest shipper globally, according to the Trade Negotiations Department. (Bangkok Post, 28/10/2024) More
CRC vows to sustain Vietnam expansion Central Retail Corporation (CRC), Thailand's leading retail firm, views Vietnam as a key market and is confident the country's retail sector will continue to experience sustained growth in the coming years. (Bangkok Post, 28/10/2024) More
Nong Khai border trade one-stop service centre formally inaugurated Nong Khai border trade facility becomes first one-stop service centre in Thailand. Deputy Finance Minister Julapun Amornvivat on Friday presided over the opening ceremony of the Nong Khai Border Trade One Stop Service Centre. (The Nation, 27/10/2024) More
Thailand yet to finalise terms of multilateral clean power deal with Singapore Thailand is yet to finalise terms of an extension to a multilateral deal with Singapore to import hydropower from Laos through Malaysia and Thailand, according to a senior Thai government official. (Reuters, 23/10/2024) More
The IMF forecasts 3.2% global growth for 2024-25, with Thailand trailing ASEAN The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. (Bangkok Post, 23/10/2024) More
Cambodia to import more clean power from Thailand in next 2 years Cambodia plans to import over 600 megawatts (MW) of clean power from neighbouring Laos, Vietnam and Thailand, its energy minister Keo Rottanak told Reuters, increasing its contracted import capacity by over 50%.(Bangkok Post, 21/10/2024) More
Thai businesses urged to prepare for results of US election The Trade Policy and Strategy Office (TPSO) has urged Thai entrepreneurs to diversify their markets to mitigate the impact of the new US president's policies. (The Nation, 21/10/2024) More
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EV charging services new focus for Egat The Electricity Generating Authority of Thailand (Egat) is scaling up its electric vehicle (EV) solution services, especially the expansion of charging outlets, to benefit from the growing EV industry and support the country's efforts to reduce carbon dioxide emissions. (Bangkok Post, 28/10/2024) More
Thailand jumps 5 spots to 12th in 2024 Sustainable Trade Index Rankings determined by averaging each economy’s performance in three underlying pillars of sustainability. (The Nation, 26/10/2024) More
GC set to produce sustainable aviation fuel PTT Global Chemical (GC) Plc vows to enter the sustainable aviation fuel (SAF) market, aiming to produce the biofuel for aircraft next year to support the global campaign to reduce carbon dioxide emissions. Energy conglomerate Bangchak Corporation earlier announced it would produce SAF in 2025. (Bangkok Post, 24/10/2024) More
IEA: Southeast Asia needs to boost investments five-fold to meet climate goals Southeast Asia needs to increase clean energy investments to $190 billion, about five times the current level, by 2035 to achieve its climate goals, the International Energy Agency said. (The Nation, 23/10/2024) More
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Agreement with European Free Trade Association to be signed in 2025 Commerce Minister says the signing, expected to be take place in Davos, should hasten agreement with EU. (The Nation, 28/10/2024) More
BoI upbeat on outlook for PCB sector The Board of Investment (BoI) is buoyant about the growth of the printed circuit board (PCB) industry, as Thailand is one of the five largest PCB manufacturers in the world. (Bangkok Post, 28/10/2024) More
Govt says investment rate highest in a decade Jirayu Houngsub, spokesman for the Prime Minister's Office, said Prime Minister Paetongtarn Shinawatra received a report from the Board of Investment (BOI) indicating interest from both domestic and international investors this year. (Bangkok Post, 24/10/2024) More
Bid to boost ties with Germany Thailand is holding talks with Germany to strengthen bilateral economic and trade cooperation and expedite Thailand-EU free trade agreement (FTA) negotiations. (Bangkok Post, 22/10/2024) More
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| Legal / HR / CSR / Education / Health |
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Thai Chamber of Commerce urges regulatory reforms The Thai Chamber of Commerce (TCC) has outlined six strategic priorities aimed at enhancing Thailand’s competitiveness, urging the government to expedite regulatory reforms, Free Trade Agreement (FTA) negotiations, and workforce upskilling in technology. (The Nation, 28/10/2024) More
The next phase of digital asset growth in Thailand In a progressive move to adapt to the evolving landscape of digital assets, the Securities and Exchange Commission (SEC) of Thailand has proposed new regulations aimed at expanding the scope for mutual and private funds to invest in digital assets. (Bangkok Post, 25/10/2024) More
Tourism tax to start with air travel Collection of the 300-baht travel tax may start with air passengers in the first phase, with the system needing at least six months before starting, according to the Tourism and Sports Ministry. (Bangkok Post, 24/10/2024) More
CEOs want foreign e-commerce operators to comply with Thai laws Most Thai CEOs urged state agencies to ensure that foreign e-commerce platform operators comply with Thai laws and deal with the influx of poor quality products, according to a survey. (The Nation, 23/10/2024) More
Business nominees in Phuket face jail terms, fines The Criminal Court laid down two-year jail terms and imposed 200,000-baht fines on 23 Thais and the companies for which they were acting as business nominees for foreigners in Phuket. (Bangkok Post, 21/10/2024) More
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Continental expands capacity of its Tire Plant in Thailand Continental is boosting the production capacity of its tire plant in Rayong, Thailand, by additional 3 million units per year. The gradual expansion plan of the operations stands for a planned total investment of more than 300 million euros. More
Bangkok Marriott Marquis Queen’s Park wins important “Waste Management Award” from Bangkok Metropolitan Administration (BMA) The BMA’s annual waste separation competition aimed to promote waste separation, cooperation and knowledge-sharing, while recognizing the value of waste as a renewable, reusable resource. Bangkok Marriott Marquis Queen’s Park Hotel was highly commended by the BMA for achieving high scores under its “Zero-Waste Organization” checklist. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Messe-Insights The AUMA exhibitor outlook for 2024/2025, based on a comprehensive survey of 400 exhibiting companies, provides valuable insights into the industry's trajectory. Conducted by Bonsai Research, the study reflects the perspectives of top-level marketing/trade fair executives, offering a unique and thorough analysis of the German-speaking trade fair landscape. (Report only available in German, HERE) |
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Scam emails alert It has come to our attention that some of our members have received emails with the message "If you're interested to get the Distribution/Member List" mentioning GTCC in the email's subject/content.
Please DO NOT respond or click any links/attachments as the emails are not from our chamber. |
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DIHK Economic Survey Early Summer 2024 - The German economy fails to gain momentum The business situation continues to deteriorate. 28 percent of companies report a good situation, while 23 percent report a poor one. The balance of the situation assessment continues its downward trend, dropping slightly from seven to now five points. (DIHK, 15/05/2024) More |
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ASEAN Snapshot 2024 The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, has recently launched the latest edition of the ASEAN Snapshot with a focus on the German-ASEAN business relations. The snapshot contains 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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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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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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Survey report on "Expectations and Challenges of an EU-Thailand FTA" The European Association for Business and Commerce (EABC) has released a survey report titled "Expectations and Challenges of an EU-Thailand Free Trade Agreement (FTA): Perspectives from European Business in Thailand." More |
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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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