Register now for our upcoming events
14/11/2024
14/11/2024
15/11/2024
16/11/2024
19/11/2024
21/11/2024
21/11/2024
22/11/2024
22/11/2024 26/11/2024
27/11/2024
For more events, please click HERE |
|
FORVIS MAZARS IN THAILAND |
|
|
GTCC INTER-CHAMBER YOUNG PROFESSIONALS NETWORK EVENING |
|
|
Fitch forecasts Thailand’s economy to grow by 3.1% in 2025 Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at 'BBB+' with a stable outlook, the international ratings firm reported on Friday. (The Nation, 09/11/2024) More
Trump presidency offers mixed bag for Thailand With Donald Trump's victory in the US presidential election, the Finance Ministry believes his policies will bring both opportunities and challenges for the Thai economy. (Bangkok Post, 08/11/21024) More
Digital economy seen growing 19% in 2024 Thailand's digital economy continues to record strong double-digit growth, fuelled by the rise of e-commerce, particularly video commerce and online travel services. (Bangkok Post, 07/11/2024) More
Thai exports recover in first nine months of 2024 Thailand's exports in 2024 have shown a satisfactory recovery. For the first nine months of the year, total export value reached US$223.176 billion, marking 3.9% growth. Excluding oil, gold, and military-related products, exports grew by 4.2%. (The Nation, 03/11/2024) More
Thai economy continued to grow in Q3, but slowed in September Foreign tourism and manufacturing recorded seasonal declines but overall the economy improved compared to second quarter. (The Nation, 01/11/2024) More
Fiscal Policy Office retains GDP growth estimate at 2.7% for 2024 Thailand's Fiscal Policy Office has maintained its GDP growth forecast for 2024 at 2.7 per cent, buoyed by a resurgence in the tourism and export sectors. (The Nation, 31/10/2024) More
|
|
Thailand gründet Ausschuss für Investitionen in Halbleiter Ein neues Gremium unter Vorsitz der thailändischen Premierministerin möchte den auf Massenware ausgerichteten Elektroniksektor um hochwertige Halbleiterproduktionen ergänzen. (GTAI, 04/11/2024) More
EU investiert in Global-Gateway-Projekte in Südostasien In ASEAN-Ländern treibt die EU 14 Leuchtturmprojekte voran. Von Transport- über Energie- und Digitalinfrastruktur bis zum Gesundheitssektor ist alles dabei. (GTAI, 23/10/2024) More
|
|
| Companies & Industrial Sectors |
|
|
|
E-commerce operators urgently seek steps to halt flood of substandard products
Thai e-commerce operators have called for urgent government measures to prepare for a flood of substandard Chinese products and grey capital entering the local market following Donald Trump's victory in the US presidential election, seeking to avoid stricter trade policies. (Bangkok Post, 08/11/2024) More
Casinos a game-changer for Thai tourism, says Agoda Casinos and related attractions would significantly boost tourism to Thailand, says the chief executive of the online travel agency Agoda, who is confident the country could set a record for foreign arrivals next year. (Bangkok Post, 06/11/2024) More
Banyan lines up 20 projects Banyan Group, the hospitality-led property developer, plans to launch 20 new projects over the next few years, aiming to achieve an annual sales target of 10 billion baht -- a new record in the group's history, following a record-breaking performance this year. (Bangkok Post, 05/11/2024) More
Phuket airport notches 300 daily flights
The environmental charge on airfares adopted by many airlines in Europe should not affect long-haul markets as passengers are still willing to pay for necessary adjustments. (Bangkok Post, 05/11/2024) More
Thai defence industry hampered by tax regulations, says manufacturer The founder of Thailand's premier armoured-vehicle manufacturer has called for urgent regulatory reform to address obstacles facing the country's defence industry. (The Nation, 03/11/2024) More
Thailand’s e-commerce market sees 14% growth in revenue in 2024 Thailand's e-commerce market has grown 14 per cent year on year, with revenue hitting 1.1 trillion baht in 2024, compared to 980 billion baht in 2023, according to Thanawat Malabuppha, the CEO and co-founder of priceza.com. (The Nation, 31/10/2024) More
|
|
GTCC AFTERWORK BRIEFING WITH CONTAGI ASIA & NETWORKING "TRI-NATION" EDITION |
|
|
ASEAN and Germany further strengthen partnership at the 8th ASEAN-Germany Development Partnership Committee Meeting The 8th ASEAN-Germany Development Partnership Committee (AG-DPC) Meeting, held on 11 November 2024 at the ASEAN Headquarters/ASEAN Secretariat, reviewed the progress made in the implementation of the ASEAN-Germany Practical Cooperation Areas (PCA) for 2023-2027. (ASEAN.org, 11/11/2024) More
Southeast Asia prepares for factories fleeing Trump tariffs on China Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win, industrial park developers in the region say.(Bangkok Post, 08/11/21024) More
Thailand to pursue new policies to boost, protect digital economy The government is pursuing new digital policies to handle emerging security threats including the impacts of United States-China rivalry on the economy and technology, Prime Minister Paetongtarn Shinawatra said on Friday. (Bangkok Post, 08/11/2024) More
Investors from Japan continue to flock to region Investment from Japan is expected to continue to increase in Southeast Asia, including Thailand, as Japan and its partners jointly address challenges and develop cooperation, says the Thai Chamber of Commerce. (Bangkok Post, 08/11/2024) More
|
|
Egat aims to turn hydropower dams into giant 'batteries' Three more hydropower dams operated by the Electricity Generating Authority of Thailand (Egat) will be developed into giant "batteries" under a 90-billion-baht investment to supply clean power to the country, easing concerns about insufficient electricity generated by solar and wind power. (Bangkok Post, 08/11/2024) More
Ministry to ease blow of subsidy ending The Energy Ministry is planning to launch measures to soften the impact of expiring biofuel price subsidies in 2027, as the fuels become more expensive, affecting palm and sugar cane growers. (Bangkok Post, 07/11/2024) More
CKPower beats energy efficiency target
CKPower, a SET-listed renewable power company, is gaining momentum in its efforts to reduce greenhouse gases following a significant reduction in the company's carbon dioxide emissions last year through better electricity generation and consumption management. (Bangkok Post, 06/11/2024) More
Empowering the next generation with sustainability literacy It is often said that the best lessons are learned through life experiences rather than in the classroom. And so, keeping this saying in mind, UOB Thailand last month hosted the third edition of the "Better U Next Future" camp, a dynamic educational programme designed to imbue children with essential life skills. (Bangkok Post, 05/11/2024) More
Toshiba, Naturenix test battery subscription for electric taxis in Bangkok Toshiba Corporation and Naturenix Inc., a battery tech startup from Shimane University, started a demonstration test of a battery subscription service for drivers of electric motorcycle taxis in Bangkok, Thailand on September 30, 2024. (The Nation, 02/11/2024) More
|
|
Eight Key Agencies sign MoU on Thai-German Climate Collaboration Eight key agencies signed a Memorandum of Understanding (MoU) under the Thai-German Cooperation on Energy, Mobility, and Climate (TGC EMC) initiative, a move that strengthens their commitment to Thailand’s climate targets. (Thainews, 07/11/2024) More
Thailand targets 8 million European tourists in 2025
Thailand is targeting 8 million European tourists next year, contributing to a new high of 11 million long-haul visitors, as the Tourism and Sports Ministry pledges to expedite efforts with airlines and ambassadors for a full international flight resumption. (Bangkok Post, 07/11/2024) More
Foreign investment in Thailand surges 60% in first 9 months Foreign investment in Thailand rallied 60% to 134 billion baht in value for the first nine months of this year. (Bangkok Post, 03/11/2024) More
Thailand’s border trade maintains growth momentum in 2024 Thailand's border and cross-border trade continued its upward trajectory in September, posting a 1.7% year-on-year growth, according to the Department of Foreign Trade. (01/11/2024) More Two overseas companies investing THB60 bn in data centres The Board of Investment (BOI) has approved investment support for two large data centre projects in Thailand worth over 60 billion baht. (The Nation, 01/11/2024) More
Agreement with European Free Trade Association to be signed in 2025 The free trade agreement (FTA) deal between Thailand and European Free Trade Association (EFTA) is expected to be completed early in 2025. (The Nation, 28/10/2024) More
|
|
| Legal / HR / CSR / Education / Health |
|
|
|
Call for auto taxes to match global shift
The structure of Thailand's automotive excise taxes must align with global trends, particularly the shift towards the electric vehicle (EV) industry, says Deputy Finance Minister Paopoom Rojanasakul. (Bangkok Post, 11/11/2024) More
Struggle for independence A politically connected new board chair of the Bank of Thailand could sour relations with the government, with critics claiming it would destroy the regulator's neutrality. (Bangkok Post, 11/11/2024) More
Thai ex-central bank governors warn of interference in chairman selection More than 800 leading Thai economists, including four former governors of the Bank of Thailand, warned on Saturday of political interference in selecting the central bank's board chairman, saying it could damage long-term economic stability. (Reuters, 11/11/2024) More
B400 minimum wage ‘a New Year present’ Thailand plans to increase the daily minimum wage to 400 baht next year, Labour Minister Phiphat Ratchakitprakarn said on Friday. (Bangkok Post, 08/11/2024) More
Green tax unlikely to impact Thai tourism The environmental charge on airfares adopted by many airlines in Europe should not affect long-haul markets as passengers are still willing to pay for necessary adjustments. (Bangkok Post, 05/11/2024) More
Banks agree to suspend interest for household debts in rehab Commercial banks have agreed to suspend interest charges for small-time borrowers who enter the debt rehabilitation programme aimed at helping them keep houses, vehicles and factories bought on credit. (The Nation, 05/11/2024) More
Thai consumers shift spending focus to experiences and investments Over Two in Five of Thai consumers (42 %) are spending more on essentials, while younger Thais are showing a shift towards experiential spending, findings from UOB's latest ASEAN Consumer Sentiment Study (ACSS) showed. (The Nation, 31/10/2024) More
No slowdown in spending patterns of Thai high-net-worth individuals Thailand's high-net-worth spending segment remains largely unaffected by the economic slowdown, with increased spending per transaction for premium exclusive experiences in dining, shopping and travelling, according to American Express (Amex) Thailand's recent study. (The Nation, 30/10/2024) More
|
|
Lufthansa Celebrates 65 Years Connecting Thailand with Europe Lufthansa proudly marks a significant milestone in its history: the 65th anniversary of its inaugural flight from Hamburg to Bangkok. More
Schaeffler Group bullish on export outlook Subsidiary Schaeffler Thailand recently opened a new warehouse spanning 3,000-6,000 square metres in Chon Buri's Si Racha district. (Bangkok Post, 4/11/2024) More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
|
Chamber Representatives Uwe Dettmann Sorawit Tantrakulcharoen
Chamber Representatives Hans-Peter Blumer Martin Wilfred Bader
Chamber Representatives Boonchu Sedchaicharn Nantana Werawut |
|
Chamber Representative Cindy Delhomel
Chamber Representatives Markus Huendgen Bualoy Nitthaisong
Chamber Representatives Dr. Huilian Duan Andrew Edgar Terutung |
|
|
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) |
|
|
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. |
|
AHK World Business Outlook - Fall 2024 The AHK World Business Outlook is based on a regular DIHK survey of the member companies of the German Chambers of Commerce Abroad, delegations and representative offices (AHKs). The survey was conducted from 23 September to 16 October 2024. Results of the survey can be downloaded HERE. |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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. |
|
|
