Register now for our upcoming events
20/03/2024
21/03/2024
26/03/2024
28/03/2024
04/04/2024
26/04/2024 [Save the date: : 18.00-21.00 hrs.] GTCC Multi-Chamber Eastern Seaboard Networking @Hilton Pattaya
24/05/2024 [Save the Date: 18.00-24.00 hrs.] GTCC Gala Night @Carlton Hotel Bangkok Sukhumvit
For more events, please click HERE |
|
Thailand’s economy remains fragile due to failure to restructure: SCB study Thailand's manufacturing sector must urgently work on digital transformation, as well as keep pace with emerging sustainability trends, or risk lamenting “lost decades”, Siam Commercial Bank's chief economist and chief strategy officer has warned. (The Nation, 18/03/2024) More
KResearch projects Thai economy in 2024 may grow by 2.8 % Kasikorn Research Center (KResearch) has downgraded its Thai economic projection for 2024 to a growth of 2.8 %, from its previous forecast of 3.1 % issued in December 2023. (The Nation, 14/03/2024) More
|
|
| Technical update in Thailand |
|
|
|
|
Wird Thailand zum Produktionshub von E-Fahrzeugen in Südostasien? Thailand ist der größte Hersteller von konventionellen Kfz in Südostasien. Auch bei Elektrofahrzeugen erarbeitet sich der Standort einen Vorsprung. (14/03/2024) Mehr
Thailands Werkzeugmaschinen werden mehrheitlich importiert Der thailändische Markt für Werkzeugmaschinen ist stark abhängig von Einfuhren. Deutsche Maschinen sind zwar angesehen, aber oft zu teuer. Platzhirsche sind japanische Modelle. (01/03/2024) Mehr
|
|
GTCC BREAKFAST TALK WITH JP CONTAGI EXECUTIVE SEARCH |
|
|
| Companies & Industrial Sectors |
|
|
|
100m-baht funding for Phayao airport EIA added to Cabinet agenda Prime Minister Srettha Thavisin said he supported plans to build an airport in Phayao, while a minister said its environmental impact assessment (EIA) will be reviewed at the next Cabinet meeting. (The Nation, 16/03/2024) More Call to boost tourism investment in provinces With Prime Minister Srettha Thavisin claiming Thailand will be a tourism hub next year, the private sector is worried about a lack of preparations in second-tier cities as high-potential segments such as sports tourism have yet to receive full support. (Bangkok Post, 16/03/2024) More
Thai banks make shift to transition finance Large local banks are moving forward with plans to introduce transition products in the third quarter of this year, in line with sustainable finance requirements set down by the Bank of Thailand. (Bangkok Post, 16/03/2024) More
US commerce secretary promises investments in Thailand to make semiconductors Visiting US Commerce Secretary Gina Raimondo has promised to increase US investment in Thailand for the manufacture of semiconductors to cope with the growing global demand. (The Nation, 14/03/2024) More
Siam Kubota plans THB1.4-bn outlay amid positive outlook for Thai agriculture Thailand's leading manufacturer and distributor of agricultural equipment, Siam Kubota, is investing 1.4 billion baht to expand and upgrade output, helping increase productivity and serve green farming, the company's top executive said. (The Nation, 09/03/2024) More
Gulf Energy to join hands with 3 Thai giants in bidding for a virtual bank licence Gulf Energy Development and its three partners intend to apply for a licence to launch a virtual bank. Gulf said it was studying the feasibility of setting up a virtual bank with Krungthai Bank (KTB), Advanced Info Services (AIS) and PTT Oil and Retail Business (OR). (The Nation, 08/03/2024) More
|
|
GTCC BUSINESS & STUDY TRIP TO GERMANY |
|
|
Thai Drinks eyes regional expansion Thai Drinks, the marketer and brand manager of est Cola, is keen on regional expansion in Asia, targeting the Gen Z segment. (Bangkok Post, 16/03/2024) More
KBank opens new China HQ, linking AEC+3 through digital banking platform KBank China has opened a new head office in Shenzhen, Guangdong Province. The focus will be on Chinese businesses seeking to invest in Thailand and other ASEAN countries, as well as Thai-ASEAN businesses looking to broaden their reach to China. (The Nation, 11/03/2024) More
Wealthy Myanmar citizens buy Thai property to seek refuge from civil war Wichai Wiratkapan, the ombudsman of the Government Housing Bank and caretaker of the Real Estate Information Centre (REIC), said there has been a significant surge in properties purchased by Myanmar nationals. (The Nation, 04/03/2024) More
|
|
Chinese automakers must start producing EVs in Thailand this year The National Economic and Social Development Council (NESDC) has released a report on electric vehicle (EV) investment in Thailand, highlighting the robust investment promotion in 2024 following the EV 3.0 measures which mandate that companies importing EVs for sale in Thailand must commence production this year. (The Nation, 18/03/2024) More
TPIPP sets goal of 100% renewable use TPI Polene Power (TPIPP), Thailand's largest waste-to-energy (WTE) project developer and operator by capacity, aims to slash coal usage next year as it targets 100% renewable fuel use by 2026. (Bangkok Post, 18/03/2024) More
Taking a closer look at the EV expansion Domestic sales of battery electric vehicles (BEVs) skyrocketed last year by 603% year-on-year to 73,568 units, with the trend expected to continue this year, according to the Federation of Thai Industries (FTI). (Bangkok Post, 08/03/2024) More
Factories in Thailand will no longer need permission to install solar rooftops The government is removing the need for permits to install solar rooftop panels for factory operators, aimed at increasing the use of clean electricity. Existing factory laws require entrepreneurs to seek permission before setting up a solar rooftop exceeding 1,000 kilowatts, or 1 megawatt, in electricity production capacity. (The Nation, 02/03/2024) More |
|
Thai PM’s speech at BVMV Thailand’s Prime Minister delivered a keynote speech at the Annual Reception of the German Association for Small and Medium-Sized Businesses (BVMW) on Wednesday 13 March 2024. (Ministry of Foreign Affairs, 15/03/2024) More
Thailand and Germany Discuss Strengthening Relations Towards Strategic Partnership During his official visit to the European countries, Thai Prime Minister Srettha Thavisin and German Chancellor Olaf Scholz engaged in a 'four eyes' discussion within the German Chancellor's office. The Prime Minister also had the opportunity to meet with key companies in Germany. Thailand is eager to welcome German SMEs to do business in the land of smiles. The Kingdom also seeks Germany's support in negotiating a Thai-European Union Free Trade Agreement. (NNT, 14/03/2024) More Allianz unit eyes 20% growth in corporate business As the insurance industry expands, with new players entering the market and novel products being launched to capture consumer interest, insurance firms in Thailand have developed strategies to drive business growth. (Bangkok Post, 16/03/2024) More Thailand's Betagro invests in German fungi-based meat startup Betagro Group is expanding its appetite for alternative meat with an investment in German startup Infinite Roots, which is developing a protein derived from fungi. Betagro joined a recent $58 million investment round along with players such as German retailer REWE Group to fund research and development. (Nikkei Asia, 14/02/2024) More
|
|
| Legal / HR / CSR / Education / Health |
|
|
|
Gartner identifies the Top Cybersecurity Trends for 2024 Generative AI (GenAI), unsecured employee behaviour, third-party risks, continuous threat exposure, boardroom communication gaps and identity-first approaches to security are the driving forces behind the top cybersecurity trends for 2024, according to Gartner, Inc. (The Nation, 13/02/2024) More
Government to undertake study on reforming land and building tax The Finance Ministry is studying how to reform the land and building tax to lessen the financial burden on the people while the country’s economy has not yet recovered, a senior official said. (The Nation, 06/03/2024) More
Employment up in Q4 on increased tourism Employment rose 1.7% in the final quarter of 2023 from a year earlier, helped by the tourism sector, after a 1.3% year-on-year increase in the previous quarter, the state planning agency said. (Bangkok Post, 04/03/2024) More
|
|
Deutsche Bank welcomes Mr. Bastian Philip Ilgert as coverage banker Deutsche Bank, Bangkok Branch welcomes Mr. Bastian Philip Ilgert who will be responsible coverage banker for the German Desk in subsidiary coverage for multinational clients in Thailand and APAC. More Miskawaan Open House 27 March 2024. Join Miskawaan healthcare professionals at the Open House event to explore collaboration and partnership opportunities for improved patient care. More
Dr. Eckel conducts a Tilapia trial Exciting news from Dr. Eckel's aquarium. The company is currently conducting a Tilapia trial to explore the stress-reducing benefits of its phytogenic product, Anta®Ox Aqua, on 500 tilapia fish. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. 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. An abridged version is now available in English. More |
|
|
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 |
|
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 |
|
|
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 |
|
|
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. |
|
|
