30/01/2024 [Invited only] GTCC New Members Meet-Up 1/2024
08/02/2024
16/02/2024 [Save the Date] GTCC Member Exclusive Site Visit 1/2024 - ESB
16/02/2024 [Save the Date] Multi-Chamber Eastern Seaboard Networking by BCCT
29/02/2024 [Save the Date] GTCC Young Professionals Network Evening
05/03/2024 [Save the Date] GTCC Meets German Ambassador
28/03/2024 [Save the Date] GTCC Ordinary General Meeting 2024
For more events, please click HERE |
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CROWNE PLAZA BANGKOK LUMPINI PARK |
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Delay in digital wallet scheme will have no impact on Thailand’s growth: economist A delay in the 10,000-baht digital wallet scheme would have no impact on the 2024 GDP growth, said Somchai Phakapaswiwat, a top academic on the economy, as it will not have much weight on the economy. In fact, he said, the Thai economy was strong enough and had the potential to expand beyond the 3% projection. (The Nation, 22/01/2024) More
Huge size of land bridge could tame investor interest, says researcher With the government intent on drumming up foreign investor support for its proposed land bridge, a Chulalongkorn University researcher warns they could be deterred by the sheer size of the project. (Bangkok Post, 23/01/2024) More
Citibank: BoT likely to freeze rates for 2 years Citibank Thailand expects the Bank of Thailand to keep its policy rate steady for two years, in line with a gradual economic recovery and no inflationary pressure. (Bangkok Post, 20/01/2024) More
State spending to rise by 3.4% to B3.6tn The cabinet has approved a budget of 3.6 trillion baht for fiscal 2025, with the budget deficit expanding to 713 billion baht. According to Rudklao Suwankiri, deputy government spokesperson, the cabinet approved the budget framework for fiscal 2025 as proposed by the Budget Bureau. The total budget is set at 3.6 trillion baht, reflecting a 3.4% increase from the fiscal 2024 budget of 3.48 trillion baht. (Bangkok Post, 17/01/2024) More
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| Mazars Technical Update - Dec 2023 |
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Schuldenberge wachsen weiter Die Regierung möchte ihren Bürgern Geld schenken und muss sich dafür weiter verschulden. Trotz Problemen wollen deutsche Unternehmen auch zukünftig in Thailand investieren. Mehr
"Die kleinsten Konsortien in Suedostasien haben drei Parteien" Jürgen Supik vom Ingenieurbüro Dorsch in Südostasien schildert, wie das Unternehmen von Projekten erfährt, welche Rolle Referenzen spielen und wie wichtig Partner sind. Mehr
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GTCC AFTERWORK BRIEFING AND NETWORKING |
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| Companies & Industrial Sectors |
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IEAT explores new industrial estates for southern infrastructure projects A member of the southern land bridge roadshow committee said on Monday that the IEAT was conducting feasibility studies for the two new industrial estate projects. (The Nation, 22/01/2024) More
Country's first seaplane base planned for Phuket Airports of Thailand has begun a study for a seaplane base adjacent to Phuket airport, with possible routes to Koh Samui, Hua Hin and Pattaya. (Bangkok Post, 22/10/2024) More
Strategy to achieve tourism targets revealed The Tourism and Sports Ministry said the target of 3.5 trillion baht in revenue and 40 million foreign arrivals this year set by PM Srettha Thavisin remains a challenge, but it plans to drive spending and longer stays through soft power products, events and safety measures.(Bangkok Post, 18/01/2024) More
TCEB eyes 23m Mice visitors The Thailand Convention and Exhibition Bureau (TCEB) is targeting at least 23.1 million Mice (meetings, incentives, conferences and exhibitions) visitors in its fiscal 2024, generating 136 billion baht of the level recorded in 2019. (Bangkok Post, 18/01/2024) More
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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PM Srettha urges ASEAN to hike minimum wages Prime Minister Srettha Thavisin said yesterday Thailand should not continue to use low labour cost as an incentive to draw foreign investments and urged ASEAN countries to work together to increase their minimum wages. (ThaiPBS World, 19/01/2024) More
Govt mulls second railway connection with Malaysia Thailand and Malaysia are considering connecting Sungai Kolok station in the south to the neighbouring country's eastern coast line to promote trade and tourism. (Bangkok Post, 19/01/2024) More
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WHAUP eyes green hydrogen WHA Utilities and Power (WHAUP), an arm of Thailand's biggest industrial land developer and operator WHA Corp, is conducting a feasibility study on a green hydrogen project to serve growing demand for clean power, especially in the digital technology sector. (Bangkok Post, 22/01/2024) More
Volvo prepares EV repair business Volvo Cars (Thailand) plans to invest in the electric vehicle battery repair and recycling business this year to serve the EV and plug-in hybrid EV (PHEV) market. (Bangkok Post, 22/01/2024) More
Thai BYD dealerships to triple in two years The sole Thai distributor of BYD, the world’s biggest electric vehicle maker, will triple its dealerships in the country in two years, it said, helping to cement the Chinese automaker’s dominant position in its top overseas market. (Bangkok Post, 19/01/2024) More
EV sales seen doubling as first homegrown models hit market Thailand’s electric vehicle sales may double this year as Chinese manufacturers prepare to roll out their first locally manufactured models and about $2.4 billion in government incentives boosts consumer demand. (Bangkok Post, 18/01/2024) More
Officials seek end of biofuel subsidy Energy policymakers are planning to end the price subsidy programme for biofuels this year after a delay of several years, says an official at the Oil Fuel Fund Office (Offo).(Bangkok Post, 18/01/2024) More |
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Free trade talks slated to resume with EU Thailand is scheduled to host the second round of talks for the Thailand-EU Free Trade Agreement (FTA) from Jan 22-26 in Bangkok, with an aim to conclude the negotiations in 2025. (Bangkok Post, 20/01/2024) More
Call for loans to help firms upgrade to meet EU standards The government is being advised to initiate a low-interest loan programme to assist businesses in upgrading their machinery and equipment in alignment with the EU's Carbon Border Adjustment Mechanism (CBAM). (Bangkok Post, 18/01/2024) More
EEC eyes foreign investment of B100bn The Eastern Economic Corridor (EEC) Office targets increasing the value of foreign investment to 100 billion baht per year from 70 billion in an effort to upgrade the country's competitiveness, especially via the digital sector. Bangkok Post, 17/01/2024) More
Renewable incentives to be boosted The Industry Ministry plans to revise investment incentive packages for companies in the RE100 group to better attract investors and serve new investment in the country. (Bangkok Post, 16/01/2024) More
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| Legal / HR / CSR / Education / Health |
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Power bills likely stable in 2024 Electricity bills in Thailand are unlikely to be trimmed from the existing rate as the power tariff, which is used to calculate the bills, is expected to stay in a range of 4.2-4.25 baht per kilowatt-hour(unit), says Khomgrich Tantravanich, secretary-general of the Energy Regulatory Commission (ERC). (Bangkok Post, 17/01/2024) More
Cabinet approves diesel tax cut, 2025 budget draft The cabinet on Tuesday approved a diesel tax cut until the end of April and a 3.6-trillion-baht budget plan for the fiscal year 2025, said Deputy Finance Minister Julapun Amornvivat. (Bangkok Post, 16/01/2024) More
A seminar on Geopolitics A seminar on "Geopolitics 2024: Navigating Global Warfare- Uncovering Opportunities for Thailand" will be organised by Bangkok Biz News on 31 January 2024 at Eastin Grand Phayathai. The event will feature Dr. Panpree Phitthanukorn, Deputy Prime Minister and Minister of Foreign Affairs, along with various experts in political science and economics. More
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Kimpton Maa-Lai Bangkok appoints new Director of Restaurants & Bars Kimpton Maa-Lai Bangkok, Bangkok’s buzzing Langsuan hotel, has appointed Justin Pallack as the new Director of Restaurants & Bars as he sets to oversee its five bustling and innovative restaurants and bars as well as the other dining experiences. 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. An abridged version is now available in English. More |
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German companies show optimism in Asia Pacific for 2024 Business situation good, business expectations even better – this is what local companies are telling their bi-lateral German Chambers of Commerce abroad (AHKs) in almost all locations in the Asia Pacific region. Companies in India are particularly positive. This is according to the new AHK Asia Pacific Business Outlook. In September and October 2023 more than 800 AHK member companies were surveyed on their business prospects. (DIHK, 15/01/2024) More |
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AHK World Business Outlook: Fall 2023 Results of a survey of German chambers of commerce abroad, delegations and representative offices. The survey was conducted from 25 September to 20 October 2023. More |
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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 |
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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 |
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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 |
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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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