03/11/2023
09/11/2023
09/11/2023
14/11/2023
16/11/2023
17/11/2023
18/11/2023
20/11/2023
21/11/2023
23/11/2023 [Save the date] GTCC Member Exclusive Site Visit to Rhenus Thailand Warehouse
23/11/2023
28/11/2023
For more events, please click HERE |
|
BOT points to growing global risks With no end in sight to the Israel-Hamas conflict and the ongoing slowing of the Chinese economy, Bank of Thailand Governor (BOT) says Thailand must join the rest of the world in focusing on maintaining stability. This approach is recommended by such international financial institutions as the International Monetary Fund (IMF), which emphasises controlling inflation within certain limits. (The Nation, 30/10/2023) More
Bridging the gap The government claims it is finally on course to build a southern link between the coasts after decades of debate and delay, but opinion is still divided over whether it is worth it. (Bangkok Post, 30/10/2023) More Fiscal Policy Office cuts 2023 economic growth projection to 2.7% The Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. (Thai PBS World, 27/10/2023) More
|
|
| Mazars Technical Update - Sept 2023 |
|
|
|
|
Schönheitspflege ist in Thailand ein attraktiver Markt Körperpflege- und Kosmetikprodukte werden stärker nachgefragt. Lokale und asiatische Anbieter dominieren den Markt. Trends zu Gesundheit und Natur bieten Einsteigern neue Chancen. (GTAI, 19/10/2023) Mehr
|
|
GTCC YOUNG PROFESSIONALS NETWORK EVENING |
|
|
| Companies & Industrial Sectors |
|
|
|
Producers keep motorcycle target The Federation of Thai Industries (FTI) is maintaining its target for motorcycle production at 2.1 million units this year, though manufacturing in September fell by almost 20% year-on-year as banks tightened loan criteria. (Bangkok Post, 28/10/2023) More Lazada banking on new sorting facility Lazada Thailand is making its largest investment in Southeast Asia on a new sorting facility, preparing for e-commerce growth expected to reach US$32 billion by 2025. (Bangkok Post, 27/10/2023) More FTI downgrades car output target to 1.85m A decline in domestic car sales has prompted the Federation of Thai Industries (FTI) to revise down Thailand's car manufacturing target to 1.85 million cars this year from 1.9 million. (Bangkok Post, 24/10/2023) More
Can US$275 handout to citizens benefit Thailand’s economy and property market? Thai Prime Minister’s plan to stimulate the economy and consequentially prop up a flagging property market by ramping up government spending and boosting consumption has received mixed reactions from analysts. (South China Morning Post, 26/10/2023) More
|
|
GTCC EXECUTIVE BRIEFING & NETWORKING WITH STR |
|
|
Thai PM proposes new railway bridge to Laos Thai Government spokesman said PM proposed that the two countries improve bilateral transport and trade, and turn Laos and the Northeast of Thailand into a "growth area". He also proposed a new railway bridge across the Mekong River, linking Nong Khai province and Vientiane, the Lao capital. (Bangkok Post, 30/10/11) More
Thai government tweaks strategy for joint extraction of petroleum resources with Cambodia The Thai government has proposed an adjustment to the negotiation strategy with Cambodia on the overlapping claims areas (OCA) in the Gulf of Thailand, according to government officials. (Thai PBS World, 30/10/2023) More
30 Hong Kong firms keen on using Thailand to enter Asean markets Thailand’s Trade Representative Nalinee Taveesin recently met 30 Hong Kong-based business entities keen on establishing production and logistics ventures in Thailand. (The Nation, 29/10/2023) More
|
|
TotalEnergies ENEOS partners with S. Kijchai for solar floating project in Southeast Asia TotalEnergies ENEOS and S. Kijchai Enterprise, a wood-based panel manufacturer in Thailand, have teamed up to decarbonize their Thai facility by introducing a floating solar farm on their property to provide clean energy to their operations. (SolarQuarter, 28/10/2023) More
EGAT joins forces With Japanese Giants to advance clean hydrogen and ammonia production The Electricity Generating Authority of Thailand (EGAT) has embarked on a groundbreaking endeavor in collaboration with three prominent Japanese companies: Mitsubishi Company (Thailand) Ltd., Chiyoda Corporation, and Mitsui O.S.K. Lines (Thailand) Co., Ltd. (SolarQuarter, 11/10/2023) More
NatureWorks progresses construction of PLA biopolymer plant in Thailand NatureWorks LLC (Plymouth, Minn.) has made progress on the construction of their new fully integrated Ingeo PLA biopolymer manufacturing facility in Nakhon Sawan Province, Thailand. As a fully integrated PLA complex, the plant will include three manufacturing facilities: lactic acid fermentation, lactide monomer production, and polymerization. The facility will have an annual capacity of 75,000 tons of Ingeo biopolymer and produce the full portfolio of Ingeo grades. (Chemical Engineering, 28/10/2023) More |
|
Govt readies for overseas investment roadshow Preparations are underway for a roadshow to foreign investments in the southern land bridge megaproject, according to a source at the Office of Transport and Traffic Policy and Planning. The roadshow, set to kick off next month, will take place in 10 countries with prominent players in the logistics and maritime shipping industries, such as China, Japan, France and Taiwan. (Bangkok Post, 30/10/2023) More Lufthansa banking on Southeast Asia Lufthansa Group, a global aviation group, is banking on growth in Southeast Asia as flight frequency has already reached pre-pandemic levels, recovering more quickly than it has in North Asia. The airline plans to use Airbus A380s to serve Bangkok as its first destination in the region during high season. (Bangkok Post, 27/10/2023) More
BOI Approves Investment Applications Worth USD1.1 Billion in EV, Renewable Energy, Data Centers, Travel Infrastructure Projects The Thailand Board of Investment (BOI) recently approved investment promotion applications worth a combined 41 billion baht (USD1.1 billion) in projects including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, as well as travel and tourism infrastructure and equipment. (BOI, 11/10/2023) More |
|
| Legal / HR / CSR / Education / Health |
|
|
|
Another payment stream for retirees GH Bank has a loan for elderly who own their residence debt-free and need cash for living costs. (Bangkok Post, 30/10/2023) More Labour ministry to raise minimum wage to Bt400 max by December The Ministry of Labour is considering raising minimum wages, which currently range from 328-354 baht per day, to a maximum of 400 baht, according to Labour Minister. (Thai PBS World, 26/10/2023) More
Thailand Tax – Foreign-sourced income to become taxable from 2024 On 15 September 2023, the Revenue Departmental instruction number Paw. 161/2566 (“DI. Paw. 161”) was issued, which provides a new interpretation of the personal income tax treatment of foreign-sourced income derived by a Thai individual tax resident under the Revenue Code (the "Code"). (Mazars in Thailand) More
|
|
Bangkok Marriott Marquis Queen’s Park wins Haute Grandeur Global Hotel Awards and Tripadvisor Travelers’ Choice Awards Bangkok Marriott Marquis Queen’s Park is celebrating after it won eight separate accolades in this year’s Haute Grandeur Global Hotel Awards, including honors for its dining, wellness and meeting services. The hotel's restaurants also won again in Tripadvisor Travelers’ Choice “Best of the Best” Awards. More
tesa officially opens new site in Haiphong (Vietnam) expanding its footprint in Asia tesa, an international manufacturer of adhesive tapes and self-adhesive solutions, officially opened its new site in the Vietnamese port city of Haiphong today. The new site is part of tesa's strategic orientation to regionalize production. More
Kimpton Maa-Lai Bangkok introduces new Restaurant Manager and Sommelier Extraordinaire Luca Lodoli has been appointed restaurant manager and sommelier for Ms.Jigger - contemporary Italian restaurant, bringing with him a wealth of culinary knowledge and wine know-how from his home country of Italy to elevate every diner’s experience. More
Miskawaan Health Group presents "Discover Sustainable Health with Dr. Johannes Wessolly" 30 October - 7 November 2023. Miskawaan is offering you the opportunity to connect with the brilliant Dr. Johannes Wessolly, a renowned medical professional from Germany, to explore and address your specific health concerns. More
Hermle at Metalex 2023 22 - 25 November 2023. Meet Hermle at Metalex 2023, BITEC Bangkok from 10:00 - 18:00 hrs. Hermle's machining centres are used for efficient machining of tools, moulds and series-produced parts. Hermle SEA is going to present the Hermle C400 Live in action. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
|
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
|
|
|
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 |
|
|
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 |
|
|
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. |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
Chadaphan Maliphan
Publication and Communication Manager |
|
|
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. |
|
|
