Register now for our upcoming events
06/06/2024
11/06/2024 [Invitation only] GTCC New Members Meet-Up @GTCC office
13/06/2024
21/06/2024
26/06/2024 [Save the Date: 18.00-21.00 hrs.] GTCC Young Professionals Network Evening 2/2024
11/07/2024 [Save the Date: 18.00-21.00 hrs.] GTCC AFTERWORK Networking @Ascott Thonglor Bangkok
For more events, please click HERE |
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'MEET THE BAVARIAN DELEGATION" & GTCC AFTERWORK |
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Thailand’s exports up nearly 7% in April, reducing trade deficit Thailand exported goods worth US$23.278 billion in April, a 6.8% growth year on year, the Trade Policy and Strategy Office (TPSO) announced Thursday. (The Nation, 23/05/2024) More
Budget Bureau proposes enactment of a mid-year budget The additional budget of around 122 billion baht to fund economic stimulus policies including the digital wallet scheme (The Nation, 21/05/2024) More
Thailand’s GDP expands 1.5% in Q1: NESDC Council slightly cuts overall projection despite growth due to risk factors posed by US-China trade war, geopolitical conflicts (The Nation, 20/05/2024) More
Thailand could gain from US’ huge increase in tariffs on Chinese goods The decision of the United States to levy higher tariffs on imports from China could benefit some industries in Thailand and push up exports of some products, the Federation of Thai Industries (FTI) has said. (The Nation, 19/05/2024) More
Pichai makes peace with BOT, vows to work together in harmony Finance Minister Pichai Chunhavajira has promised that the government would work in harmony with the Bank of Thailand (BOT) in spite of the previous row over interest rate. (The Nation, 16/05/2024) More
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| Technical update in Thailand |
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Start-ups finden viele Betätigungsfelder in Thailand Noch gibt es relativ wenige Start-ups in Thailand. Geldgeber sind beim Seed-Funding vorsichtig. Der Staat springt ein. Denn Innovationen im Agrar- oder Kfz-Sektor sind gefragt. (GTAI, 24/05/2024) Mehr Industriestandort sucht frische Ideen und neue Partner Japanische Investoren entdeckten den Standort zuerst. Große exportorientierte Industrien sind entstanden. Die Dynamik flacht aber ab und Thailand muss sich neu positionieren. (GTAI, 23/05/2024) Mehr Der Online-Handel boomt, die Konkurrenz wird schärfer Die E-Commerce Umsätze in Thailand legen zu. Chinesische Wettbewerber steigen in den Markt ein. Andere Anbieter können noch Nischen finden. (GTAI, 23/05/2024) Mehr
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| Companies & Industrial Sectors |
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Thai banks record 1.2% loan growth The Thai banking industry reported marginal loan growth for the first four months of this year, thanks to tighter loan criteria amid a sluggish economy. (Bangkok Post, 24/05/2024) More Leading tractor manufacturer to establish presence in Thailand Mahindra & Mahindra, the world's largest tractor manufacturer by volume, has officially announced its commitment to establishing a presence in ASEAN, with Thailand serving as the first country to launch its products and services, according to Kedar Apte, the company's chief of international operations for the Farm Equipment Sector (FES). (The Nation, 24/05/2024) More
NESDC: High-tech transformation vital for Thailand's GDP growth Industry must transition quickly to meet demands of digital era, warns national economic planning agency (The Nation, 23/05/2024) More
THG set to spend B1-1.5bn on three cancer centres Thonburi Healthcare Group Plc (THG) plans to spend 1-1.5 billion baht building three cancer centres in Thailand, continuing the trend of specialist hospitals, while growing its hospital and healthcare businesses in Myanmar and Vietnam. (Bangkok Post, 22/05/2024) More
Thai firms not embracing AI to enhance business, losing out benefits Although Thailand ranked nearly top among 21 nations surveyed recently where ‘excitement’ about artificial intelligence (AI) was rife, the adoption of the game-changing technology especially among companies in the country is quite lacklustre. (The Nation, 21/05/2024) More
Chinese mining giant in deal to acquire 49% stake in potash mines Reports indicate that SDIC Mining Investment and Italian-Thai Development are close to striking US$400 million deal (The Nation, 21/05/2024) More
Central Pattana joins with EDC for new data centre in Bang Na Retail property development and investment company Central Pattana is to expand its digital project in the Bang Na area with a new data centre. (The Nation, 16/05/2024) More
Airport operator’s 6-month profit up 400% Healthy results for AOT reflect steady increase in passenger numbers. Airports of Thailand Plc (AoT) has reported a net profit of 10.35 billion baht for the first six months of its 2004 fiscal year, a jump of nearly 400% from the same period a year earlier. (Bangkok Post, 15/05/2024) More
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Thailand top choice in Asia for European tourists: Agoda Thailand is the top destination in Asia among European tourists, followed by Indonesia, Japan, Malaysia, and the Philippines, according to a survey by international online travel booking Agoda. (VN Express, 26/05/2024) More
Thailand receives highest number of Chinese tourists in Southeast Asia The number of Chinese tourists to Thailand during the first quarter of this year was the highest in Southeast Asia, with 1.75 million arrivals thanks to its visa policy and tourism promotion campaigns. Vietnam came in second with 889,000 followed by Singapore with 786,000 and Malaysia with 758,772, according to data collected from the countries' tourism ministries. (VN Express, 25/05/2024) More ‘Thailand needs to shift to high-tech industries’ as FDI lowest in ASEAN Thailand secured only US$2.96 billion in foreign direct investment (FDI) in 2023, the lowest among ASEAN members, the National Economic and Social Development Council (NESDC) said, as it urged the government to facilitate the country’s migration to high-tech industries to attract investors. (The Nation, 25/05/2024) More Thailand loses to Malaysia as ASEAN's second-biggest auto market Thailand has been overtaken by its southern neighbour Malaysia, which is now Southeast Asia's second-largest auto market after Indonesia, Nikkei Asia reported on Wednesday. . (The Nation, 16/05/2024) More
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Nex Point creates EV tie-up with Dayun Thailand's eco-car segment is likely to face stronger competition from electric vehicle makers as Nex Point Plc, a local assembler of commercial EVs, has teamed up with a Chinese EV maker to embark on a new investment in small EVs. (Bangkok Post, 27/05/2024) More
Duo gears up for hydrogen economy Thailand is preparing to build a hydrogen economy, following efforts by business and the state to push for the development of hydrogen fuel business to promote the use of cleaner energy. (Bangkok Post, 22/05/2024) More
Ubon Bio Ethanol reaps benefits from new strategy Ubon Bio Ethanol Plc (UBE), an integrated tapioca player with core products of ethanol, tapioca starch and cassava flour, and other agricultural products, revealed its success in implementing its "UBEYOND" strategy. (Bangkok Post, 22/05/2024) More
Chinese automakers unveil vision for Thailand EV hub 1,500 Thai component manufacturers sign up for BOI symposium on EV supply chain to make their mark in local electric vehicle production industry (The Nation, 17/05/2024) More |
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PM highlights Thailand’s six advantages as investment destination Prime Minister Srettha Thavisin told potential investors that Thailand is extremely well-suited to being a hub for key industries including electrical vehicle (EV) and electronics manufacturing thanks to six distinct advantages over its competitors in the region. (The Nation, 16/05/2024) More
Eco-friendly production process sells in Europe, Thai producers told Prakhan Kordumrong, Minister Counsellor of Commercial Affairs at the Thai embassy in London points out increased opportunities for Thai producers to export more flour-based products if their manufacturing process addresses concerns over global warming and greenhouse gas emissions. (The Nation, 10/05/2024) More
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| Legal / HR / CSR / Education / Health |
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Minimum wage hike ‘will benefit migrant workers more than Thais’ A hike in the minimum daily wage would benefit migrant workers rather than Thai labourers, causing money to flow out of the country, according to the Suphanburi Chamber of Commerce. (The Nation, 19/05/2024) More
Employers’ Confederation against blanket minimum wage hike Nearly 200 entities in the private sector are opposed to the government’s plan to raise the minimum wage nationwide to 400 baht per day from October 1. (The Nation, 15/05/2024) More
Kitipong succeeds Pichai as new chief of Stock Exchange of Thailand The board of the Stock Exchange of Thailand (SET) on Wednesday elected Adjunct Prof Kitipong Urapeepatanapong as the 19th president of the SET, succeeding Pichai Chunhavajira who had resigned from the position and is now the finance minister. (The Nation, 15/05/2024) More
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RIS Swiss Section - Introducing BVB International Academy Thailand Starting in August 2024, the Bulldogs Football Academy of RIS Swiss Section – Deutschsprachige Schule Bangkok will evolve into the BVB International Academy Thailand based on a partnership of RIS Swiss Section and Borussia Dortmund (BVB). This partnership represents a significant step forward, as BVB's outstanding youth development program has long benefited international clubs, schools, and universities. More
QSNCC joins forces to reignite Thailand's tourism and amusement park Scene with IAAPA Expo Asia, 27–30 May 2024 Returning to Thailand after 17 years, this event, themed "Shape Your Evolution at IAAPA Expo Asia: Evolve Your Business into a Leading Market Player," aims to elevate businesses to be industry leaders through insightful discussions, knowledge exchanges, and collaboration among entrepreneurs. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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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) |
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DIHK Economic Survey Early Summer 2024 - The German economy fails to gain momentum The business situation continues to deteriorate. 28 percent of companies report a good situation, while 23 percent report a poor one. The balance of the situation assessment continues its downward trend, dropping slightly from seven to now five points. (DIHK, 15/05/2024) More |
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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 |
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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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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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Thailand Meets Germany -Forging Stronger Business Partnerships on Bio-Circular-Green Economy in the Eastern Economic Corridor of Thailand 6 June 2024, 14:00 - 17:00 hrs. CET |
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German Day at Renewable Energy Asia 3 – 5 July 2024 QSNCC, Bangkok, Thailand You are warmly invited to visit the German Pavilion at booth G19 on the German Day! Meet 8 German companies at Renewable Energy Asia and learn more about the latest developments in the area of renewable energy and energy efficiency. At the exhibition stand of the German Federal Ministry for Economic Affairs and Climate Action, our German experts will demonstrate their technology “made in Germany“. More |
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APK 2024: 18th Asia-Pacific Conference of German Business 24-26 October 2024, New Delhi The conference's objective is to provide a platform to deepen the dialogue on current economic developments in Europe and the Asia-Pacific region as well as to build and strengthen personal and economic ties. 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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