25/08/2023
25/08/2023
26/08/2023
30/08/2023 - 1/09/2023
31/08/2023
06/09/2023
14/09/2023
14/09/2023
20/09/2023 [Save the date] STCC Multi Chambers Networking Night
21/09/2023
22/09/2023
22/09/2023
09/10/2023 [Save the date] H2UPPP Regional Conference ASEAN on GH2/PtX development
For more events, please click HERE |
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Average household expenditure still high at 18,000 baht plus: TPSO Average Thai household expenditure in July stood at 18,130 baht per month, dropping only 2 baht from the previous month but still considered high, the Trade Policy and Strategy Office (TPSO) said this week. (The Nation Thailand, 17/08/2023) More
Thailand advances in offshoring index Thailand has moved up one spot in the latest Global Services Location Index (GSLI) conducted by management consultancy Kearney, thanks to the country's financial attractiveness, business environment and potential to become an innovation hub. (Bangkok Post, 17/08/2023) More Investor confidence remains neutral The investor confidence index (ICI) remained in neutral territory last month as uncertainty over a new government and announcements on implementing the financial transaction tax undermined sentiment, says the Federation of Thai Capital Market Organizations (Fetco). (Bangkok Post, 11/08/2023) More
Credit bureau: Bad loans exceeded B1tn in Q2 Non-performing loans (NPLs) measured by the National Credit Bureau reached 1 trillion baht in the second quarter this year, the highest in 12 months, says a bureau executive. (Bangkok Post, 10/08/2023) More
2023 exports between 0.5% fall and 1% growth Thailand’s exports are expected to record between a 0.5% drop and a 1% rise this year, unchanged from a previous forecast, the Thai National Shippers’ Council said on Tuesday. (Bangkok Post, 08/08/2023) More
Headline inflation edges up in July Headline inflation was weaker than expected in July, helped by lower food and energy prices, while the Commerce Ministry projected the inflation rate in the following months until the end of the year to increase by less than 1% a month. (Bangkok Post, 08/08/2023) More |
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| Mazars technical update - July 2023 |
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Kfz-Produktion und -Verkäufe im 1. Halbjahr 2023 gestiegen In der ASEAN baut Thailand seine Stellung als größter Produktionsstandort und Indonesien seine Position als stärkster Verkaufsmarkt aus. In Vietnam bricht die Kfz-Branche ein. (Frank Malerius, 07/08/2023) More Stromexporte bringen Laos Geld und neue Probleme Laos will in großem Stil Strom aus Wasserkraft nach Thailand und Vietnam exportieren. Dazu müssen neue Großkraftwerke gebaut werden. Hohe Umweltschäden sind unvermeidlich. (Marcus Hernig, 19/07/2023) More |
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| Companies & Industrial Sectors |
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Developers bullish on H2 SET-listed developers are hoping an economic recovery in the second half will help them achieve their performance goals this year after modest first-half results. (Bangkok Post, 18/06/2023) More Consumer finance growth modest Stronger economic growth prospects should support Thailand's consumer finance sector through to 2024, but revenue growth could be limited by the interest rate ceiling on consumer finance products that was introduced during the pandemic, according to Fitch Ratings. (Bangkok Post, 18/08/2023) More Thailand Industry Sentiment Index reaches lowest level in 10 months The Thailand Industry Sentiment Index (TISI) dropped to 92.3 points in July from 94.1 points in June, reaching the lowest level in 10 months, as businesses struggled to deal with the impact of high household debt, higher interest rates and political uncertainty. (Bangkok Post, 17/08/2023) More Trade show to generate opportunities for SMEs The state and private sectors have joined hands to help small and medium-sized enterprises (SMEs) generate more than 1 billion baht in revenue through a new trade show that will feature their products and services while supporting new business matching. (Bangkok Post, 11/08/2023) More
Data centre market to grow in triple digits Thailand's data centre market is anticipated to post triple-digit growth over the next two years, fuelled by an influx of global cloud service providers and tech companies, according to hyperscale data centre firm ST Telemedia Global Data Centres (Thailand) (STT GDC Thailand). (Bangkok Post, 11/08/2023) More
Bridge Capital taps SME loans as banks waver Bridge Capital Management Co Ltd aims to be a new funding source for small and medium-sized enterprises (SMEs) in the Thai market as it foresees greater opportunities amid sluggish SME loan growth in the banking sector. (Bangkok Post, 11/08/2023) More
Exports of jewellery, gems set to grow by 10% Prospects for Thailand's gems and jewellery exports remain promising this year, boosted by several positive factors including an upswing in prices of silver jewellery and robust demand for solid gemstones like rubies and sapphires. (Bangkok Post, 09/08/2023) More Political uncertainty forces tourism industry to cut arrival estimates by 2 million Delay in the formation of the new government has caused the Tourism Council of Thailand (TCT) to adjust its estimate of tourist arrivals this year down to 28 million, from 30 million, which will reduce estimated tourism revenue by about 100 billion, said TCT chairman Chamnan Srisawat. (Thai PBS World, 08/08/2023) More Digital sentiment improves in Q2 The Digital Industry Sentiment Index rose in the second quarter to 54.1, from 54.0 in the first quarter, and has remained above the 50-threshold for two consecutive quarters, according to the Digital Economy Promotion Agency (Depa). (Bangkok Post, 08/08/2023) More |
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GTCC AFTERWORK BRIEFING & NETWORKING 9/2023 |
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GTCC MULTI-CHAMBER EASTERN SEABOARD BRIEFING & NETWORKING |
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ChaTraMue launches in Malaysia, eyes 40 stores by next year The operator of Llaollao in Malaysia, Woodpeckers Group, has signed a 20-year franchise agreement with Cha Thai International to bring the renowned Thai tea brand ChaTraMue into Malaysia. (Inside Retail, 18/08/2023) More
Thailand-Vietnam bilateral trade expected reach US$25Bn next year The Thai Chamber of Commerce has set a target to increase bilateral trade between Thailand and Vietnam to US$25 billion next year, with the expectation that young entrepreneurs and start-ups in the two countries will play an increasing role in achieving this, according to Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC) and Board of Trade. (Thai PBS World, 16/08/2023) More |
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Institute predicts sales of 50,000 EVs Electric vehicle (EV) sales are expected to reach a target of 50,000 units this year despite weak purchasing power, high household debt and banks' stricter auto loan criteria, says the Thailand Automotive Institute (TAI). (Bangkok Post, 21/08/2023) More
Gaps seen in sustainability reporting With investors and stakeholders increasingly coupling the value of a business with its ability to navigate climate risk and opportunities, companies across Asia Pacific are showing progress in their sustainability reporting, a new survey finds. (Bangkok Post, 18/08/2023) More Energy Ministry kicks off plan to transform Surat Thani with smart energy The Energy Ministry on Thursday began a two-day seminar in Surat Thani to mark the official start of its effort to transform the southern tourism province into the first “smart province in terms of energy management” in Thailand. (The Nation Thailand, 17/08/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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FDI falls 20% so far this year despite a rise in number of foreign investors The first seven months of this year saw 377 foreign business people invest 58.95 billion baht in the kingdom, an increase of 17% in the number of investors but a drop of 20% in the value of foreign direct investment (FDI). (The Nation Thailand, 17/08/2023) More
Negotiations in pursuit of FTAs persist unhindered Negotiations over free trade agreements (FTAs) are moving ahead without interruption while politicians continue to squabble over the formation of a new government, according to the chief of the Trade Negotiations Deparment. (Bangkok Post, 11/08/2023) More |
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| Legal / HR / CSR / Education / Health |
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Commission to set guidelines for digital platforms, prices The Trade Competition Commission is preparing to issue guidelines for digital platform businesses and recommended pricing after observing an increase in unfair practices. (Bangkok Post, 17/08/2023) More
Carbon from industry added to the tax mix The Excise Department says the carbon tax structure will include carbon emitted by the industrial supply chain in the future. (Bangkok Post, 11/08/2023) More
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Allianz Ayudhya, Control Expert team up on AI claims Allianz Ayudhya General Insurance Plc has joined hands with a business partner to offer smart artificial intelligence (AI) claims for motor insurance, highlighting the adoption of insurtech to serve customers. (Bangkok Post, 10/08/2023) More
Centara Grand deemed to be Thailand's strongest brand Centara Hotels & Resorts yesterday announced its flagship brand, Centara Grand, was recognised as the strongest brand in Thailand by Brand Finance's "Thailand 50 2023" report. (Bangkok Post, 11/08/2023) More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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"German Day" at ASEAN Sustainable Energy Week 31 August 2023, 11:00 - 14:00 hrs. German Pavilion Booth No. C19, QSNCC, Bangkok, Thailand Participate in the "German Day" at the Germany Pavilion during ASEAN Sustainable Energy Week! Here about cutting-edge technology pitching from 8 exhibitors in the German pavilion, an insight into the Thai hydrogen market from the H2Uppp Program, and a reception hosted by the German Embassy. Register here |
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iba 22-26 October 2023, Munich, Germany The world’s leading trade fair for the baking and confectionery industry is the international meeting place for bakers, pastry chefs, restaurateurs, café owners, hotel professionals, and caterers as well as decision makers from the food retail market. More |
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ITB Asia 25-27 October 2023, Singapore The Asia's Leading Travel Trade Show is co-located with MICE Show Asia and Travel Tech Asia covering the key verticals in the travel industry such as Leisure, MICE, Corporate, and Travel Technology. With three shows in one event, it has become Asia's largest travel showcase. More
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GTCC Business & Study Trip to Germany. "Sustainable Agriculture" by visiting AGRITECHNICA 2023 and Exclusive Site Visits on 11-19 November 2023 in Hannover, Germany
The business & study trip's content will emphasize the importance of enhancing productivity in the agriculture sector with a focus on preserving the environment and climate. It aims to showcase innovative ideas and practices that enable the agriculture industry to achieve green productivity. This will be accomplished through visits to model farms for sustainable agriculture, leading German companies in agriculture sector, and the renowed trade show for agriculture machinery, AGRITECHNICA, located in Hannover. More |
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German Trade fairs take off powerfully Since January, more than 50 trade fairs have taken place in Germany, more than 60 are still planned until the end of March. Among them outstanding shows such as the travel fair ITB in Berlin, the world's leading trade fair for water, heat and air ISH in Frankfurt and the International Dental Show IDS in Cologne. The latter will celebrate 100 years of existence this March. 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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EU-Thailand FTA Survey The European Association for Business and Commerce (EABC) has been building capacity and preparedness for some time in preparation for an EU-Thailand FTA. EABC has started preparing positions and recommendations based on expected chapters in an FTA. EABC offers our chamber members the opportunity to be heard directly via a survey on the expected EU-Thailand FTA. The EU Delegation in Thailand has recognised this survey. GTCC members’ feedback and opinions are valuable, and will help EABC to understand better the needs and expectations of stakeholders in the negotiation process towards an FTA. Please click HERE for the survey which is open until 21 August 2023.
Falling Walls Lab Thailand 2023 - 26 August 2023 Falling Walls Lab Thailand 2023 will be held on 26 August 2023 in Bangkok at the EASTIN Grand Hotel Phayathai to bring together a diverse and interdisciplinary pool of students and early-career professionals, and strengthen contacts and cooperation between Germany and Thailand in science and innovation. The event is organised by the Germany Falling Walls Lab Foundation and supported by the German Ministry of Foreign Affairs, the German Academic Exchange Service (DAAD), the German Embassy, GTCC, and local partners such as several universities, the NSTDA. Register HERE
Stuttgart Ballet Gala Performance - 12 October 2023 Stuttgart Ballet Gala Performance will take place on Thursday 12 October 2023, 19:00 hrs. at Thailand Cultural Centre. The performance is part of the Bangkok’s 25th International Festival of Dance and Music. Stuttgart Ballet is a leading German Ballet Company dating back to 1609 which has kept its reputation as one of the top ten ballet companies in the world. All GTCC members will get 5% discount on purchase of 2 tickets and 10% discount on purchase of 4 or more tickets. Click here for ticket booking |
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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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