12/07/2023 13/07/2023
13/07/2023
13/07/2023
14/07/2023
20/07/2023
20/07/2023
21/07/2023
26/07/2023
26/08/2023 [Save the date] Falling Walls Lab Thailand 2023
12/10/2023
20/10/2023
21/10/2023
For more events, please click HERE |
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GTCC AFTERWORK BRIEFING WITH MAZARS IN THAILAND |
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BoT considers rate cuts amid debt crisis The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive. (Bangkok Post, 06/07/2023) More World Bank raises Thailand 2023 growth outlook to 3.9% as tourists return Thailand's economy is projected to accelerate to 3.9 percent in 2023 from 2.6 percent last year due to stronger-than-expected demand from China, Europe, and the United States, private consumption growth, and a recovery in tourism, the World Bank said in its semi-annual Thailand Economic Monitor. (World Bank, 28/06/2023) More
Baht at 7-month low on political uncertainty The Thai baht weakened to a seven-month low on Wednesday as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns. (Bangkok Post, 28/06/2023) More Government outperforms revenue goals Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja. (Bangkok Post, 27/06/2023) More
Exports drop 4.6% in May Thailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the Ministry of Commerce said on Tuesday. (Bangkok Post, 27/06/2023) More |
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| Mazars technical update - June 2023 |
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Arbeitsmarkt Fachkräfte sind in Thailand weiterhin schwer zu finden. Zudem treten bei der Personalsuche neue Schwierigkeiten auf. (Thomas Hundt, 06/07/2023) More Arbeitskräfte in Thailand sind günstig, aber knapp Löhne und Gehälter liegen auf mittlerem Niveau - das gilt aber auch für Fähigkeiten und Kenntnisse. Das Verhältnis von Kosten zu Leistung stimmt, Arbeitskräfte sind allerdings rar. (Thomas Hundt und Julia Merle, 06/07/2023) More Arbeitsrecht Wichtige Rechtsgrundlage ist der Labour Protection Act B.E. 2541 (1998). Dieser wurde 2023 zuletzt geändert. Die Minimalbedingungen der Beschäftigungsverhältnisse sind geregelt. (Julia Merle, 06/07/2023) More Lohnkosten Die Löhne in Thailand steigen im Schnitt nur langsam. Allerdings springen Gehälter bei Jobwechseln nach oben. (Thomas Hundt, 06/07/2023) More Beschaffungsstandort mit langer Tradition Thailand ist ein wichtiger Markt für den Einkauf von elektronischen Bauteilen und elektrischen Geräten. Der Mittelstand dominiert die Branche. (Thomas Hundt, 26/06/2023) More Kunststoffindustrie steigt ins Recyling ein Die Kunststoffverarbeitung basiert hauptsächlich auf fossilen Rohstoffen. Die Hersteller bieten aber zunehmend auch Rezyklate und Biokunststoffe an. (Thomas Hundt, 26/06/2023) More |
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| Companies & Industrial Sectors |
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AOT announces expansion plans for Don Mueang Airport Airports of Thailand Plc (AOT) is looking to the future with an ambitious plan to expand Don Mueang airport over the next six years. (Bangkok Post, 07/07/2023) More Economic woes curtail domestic trips Domestic tourism is still struggling with weak purchasing power because of higher costs of living and soaring debt, leaving small hotels and regional operators with financial burdens, says Kantapong Thananerngroth, president of Thai Tourism Promotion Association. (Bangkok Post, 06/07/2023) More
Crowdfunding booms as small firms feel the squeeze A Thai unit of Investree, the Asean-based financial technology company, reported 200% growth in business in the first quarter this year as small and medium-sized enterprises (SMEs) relied more on crowdfunding platforms because banks tightened their SME lending criteria. (Bangkok Post, 03/07/2023) More
Return of foreign buyers helping property sector to grow Foreign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors, real estate appraisal and consultancy agencies say. (Thai PBS World, 30/06/2023) More Group makes plans for tourism future The Federation of Thai Tourism Associations (Fetta) is hoping its revival will allow for a more flexible workflow and agenda-based development, after seven tourism associations recently quit the Tourism Council of Thailand (TCT) and joined Fetta. (Bangkok Post, 29/06/2023) More
Thai executives most optimistic on prospects for generative AI Thai executives are ready to embrace generative artificial intelligence (AI) technology according to a survey conducted by global consulting firm Accenture. (Bangkok Post, 29/06/2023) More |
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Thai banks top Asean bad debt rankings Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco). (Bangkok Post, 30/06/2023) More SCG Chemicals expected to start production at Long Son plant by September Long Son Petrochemicals, owned by SCG Chemicals, will start commercial production at its petrochemical complex in southern Vietnam in September. (Reuters, 26/06/2023) More |
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GTCC YP NETWORK EVENING 2/2023 WITH COVESTRO |
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Chinese EV maker will invest 6 billion baht in Thai plant: BOI China’s third-largest electric vehicle (EV) manufacturer, GAC AION New Energy Automobile, will invest more than 6 billion baht to build a manufacturing plant in Thailand, the Board of Investment said. (The Nation Thailand, 08/07/2023) More
Super acquires two new renewable operators Super Energy Corporation Plc (Super), Thailand's largest operator of solar farms based on total capacity within the country and overseas, is restructuring its business by acquiring two new renewable energy assets and selling what it considers to be an inactive asset, part of efforts to make the company an agile organisation. (Bangkok Post, 07/07/2023) More
Central bank to launch first phase of sustainability guidelines for businesses The Bank of Thailand (BOT) has launched the first phase of its Thailand Taxonomy classification system to identify green businesses that deserve support for sustainability and the country’s net-zero emissions goal. (The Nation Thailand, 06/07/2023) More
Power firm TPCH eyes 40% revenue increase SET-listed TPC Power Holding (TPCH), the renewable power generation arm of the construction firm Thai Polycons Plc, expects revenue to grow by 30-40% in 2023, from 2.7 billion baht last year, thanks to increased management of power plants. (Bangkok Post, 04/07/2023) More
Banking and investment IT spending brisk Information technology spending by worldwide banking and investment service businesses is forecast to grow this year by 8.1% to US$652.1 billion, according to Gartner Inc. (Bangkok Post, 04/07/2023) More
Thailand powers up for EV era by studying changes in electricity demand The Energy Policy and Planning Office (EPPO) is laying foundations for the electric vehicle (EV) era by studying changing patterns in electricity consumption. (The Nation Thailand, 03/07/2023) More |
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GTCC OKTOBERFEST 2023 [FRIDAY FULLY BOOKED] |
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Perfect time for Thailand to jump in as European firms leave China: TNSC Thailand should take advantage of the current trend of European firms moving out of China, by negotiating more free trade agreements (FTA)s with European countries. (The Nation Thailand, 03/07/2023) More
Thailand to host trade meeting with UK in November Thailand and the UK are preparing for a second Joint Economic and Trade Committee (Jetco) meeting, which Thailand is set to host in November. (Bangkok Post, 29/06/2023) More |
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| Legal / HR / CSR / Education / Health |
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Prayut Cabinet passes on BMA’s THB78-bn Green Line debt issue to next govt The outgoing Cabinet will leave it to the next government to decide how to handle the 78-billion-baht debt the Bangkok Metropolitan Administration (BMA) owes the Bangkok Syktrain operator. (The Nation Thailand, 05/07/2023) More
Businesses urged to use digital tax system The Revenue Department is encouraging entrepreneurs to use the digital tax system, which will make value-added tax (VAT) refunds five times faster than they currently are, says the director-general Lavaron Sangsnit. (Bangkok Post, 04/07/2023) More
Publication of Thailand Taxonomy Phase I (comprehensive version) The Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC), as co-leads of the Thailand Taxonomy Board released the draft Thailand Taxonomy Phase I for public consultation from December 26, 2022, until January 26, 2023. (The Nation Thailand, 30/06/2023) More
Cabinet extends control on price of 51 goods and services by another year The Cabinet has decided to continue controlling the price of 46 food and consumer products and five services until June next year, deputy government spokesperson Rachada Dhnadirek said on Tuesday. (The Nation Thailand, 27/06/2023) More
FPO requests debt restructuring The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja. (Bangkok Post, 29/06/2023) More |
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| Important update on Covid-19 |
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Volunteers wanted for vaccine study Chulalongkorn University's Faculty of Medicine is recruiting volunteers to take part in a new study aimed at assessing the efficacy of the Moderna bivalent Covid-19 vaccine in protecting against new sub-variants of the Omicron virus and whether or not it should be recommended as an alternative booster shot in Thailand. (Bangkok Post, 04/07/2023) More |
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Monsoon Valley Vineyard Festival 2023 11 – 13 August 2023. Join the Vineyard Festival with your friends and family. Special Charity Dinner on Mother’s Day, August 12th. A night at the Vineyard with opera and wines. GTCC members get a 10% discount. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Chamber Representatives Andreas Stecken Xiaolan Yu
Chamber Representatives Anamika Verma Dinesh Verma |
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Chamber Representatives Thanawat Jirajariyavej Noppadon Poomanee |
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IFA Berlin 1-5 September 2023, Berlin, Germany Discover innovation, imagine the future and immerse yourself at IFA, the world’s largest consumer electronics and home appliances trade show where you will explore exhilarating product launches and debuts from industry pioneers who dare to reshape the future. More |
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IAA MOBILITY 5-10 September 2023, Munich, Germany The IAA MOBILITY is the international meeting place for the mobility of the future. It shows what will move us tomorrow, from the smallest vehicles to automobiles and bicycles to new solutions for public transport. Always in focus: sustainability and the technologies that will shape mobile life in the future. More |
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EMO 2023 16-23 September 2023, Hannover, Germany
GTCC Business & Study Trip to Germany "Production technology of tomorrow" by visiting EMO 2023 and Exclusive Site Visits. More |
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[Save the Date] AGRI TECHNICA 11-19 November 2023, Hannover, Germany
GTCC Business & Study Trip to Germany AGRITECHNICA 2023 and Exclusive Site Visits. [Save the Date] |
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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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[Interview] Asien trifft Bayern: Diversifizierung ist angesagt! GTCC Executive Director Dr. Roland Wein has given an interview on “Asia meets Bavaria: diversification is the order of the day,” to the ASIA BRIDGE Magazine edition 04/05/2023 together with Dr. Tim Philippi from AHK Singapore. The Interview is accessible Here |
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Asien-Pazifik-Forum Bayern - 26 Juli 2023 Beim 15. Asien-Pazifik-Forum Bayern beleuchten wir Ihre Möglichkeiten für Absatz, Sourcing, Investment und Innovation. Das spannende Konferenzprogramm erklärt die Neuordnung der Weltwirtschaft, zeigt Wege der Diversifizierung und unterstützt Sie bei Ihrer Strategieentwicklung. Die deutschen Auslandshandelskammern in Asien bieten Ihnen individuelle Beratungsgespräche und über 20 Aussteller präsentieren ihre Asien-Pazifik-Dienstleistungen in Form einer kleinen Messe. Mehr |
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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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Asien - Geschenke über die Grenze Anbei erhalten Sie einen Überblick über die Zollbestimmungen von Geschenken an Geschäftspartner in asiatischen Staaten. Informationen und Hinweise zu den kulturellen Besonderheiten sind ebenfalls abrufbar. Meh |
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Falling Walls Lab Thailand 2023 - 26 August 2023 Falling Walls Lab Thailand 2023 will be held on 26 August 2023 in Bangkok 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. Details on the venue and registration will be circulated in July. Click here for the invitation letter and sponsorship
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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