Register now for our upcoming events
02/08/2024
07/08/2024
09/08/2024 [Save the Date: 18.30-21.00 hrs.] STCC Multi-Chamber Networking Night
15/08/2024
16/08/2024
20/08/2024 [Save the Date: 10:00-11:00 hrs.] New Members Meet-up 4/2024
22/08/2024 [Save the Date: 09:00-18:00 hrs.] GTCC Training with Coachology: Organisational wellbeing & wellness
22/08/2024
For more events, please click HERE |
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FORVIS MAZARS IN THAILAND |
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Government greenlights Orange Line’s western section The government has approved the commencement of construction on the western section of Bangkok's Orange Line by Bangkok Expressway and Metro Plc (BEM), following a legal resolution. The 35.9-kilometer Orange Line, designed to enhance connectivity across Bangkok, will link Bang Khun Non district with Min Buri district. More (NNT, 17/07/2024)
Thailand approves B100bn soft loan scheme for banks BANGKOK - Thailand's cabinet on Tuesday approved a 100-billion-baht (US$2.8-billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-market rates, a deputy finance minister said. More (BangkokPost, 16/07/2024)
Government to fund B500bn stimulus scheme with 2024, 2025 budgets Thailand will finance a 500 billion baht household handout scheme with the 2024 and 2025 budgets, Deputy Finance Minister Julapun Amornvivat said on Monday. More (BangkokPost, 15/07/2024)
Baht appreciation pressured by significant challenges The Thai economy's lower potential growth, a weaker current account surplus and increased capital outflows are pressuring baht appreciation over the longer term, say economists. More (BangkokPost, 13/07/2024)
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Polen unterstützt stabile Stromnetze in Thailand Im Rahmen eines Global-Gateway-Projektes zur Implementierung und Verbesserung der kritischen Infrastruktur unterstützt Polen den thailändischen Stromversorger Electricity Generating Authority of Thailand (EGAT). Mehr (GTAI, 12/07/2024)
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GTCC AFTERWORK BRIEFING WITH FORVIS MAZARS AND NETWORKING |
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| Companies & Industrial Sectors |
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ThaiBev plans to shed property assets in share swap deal Thai Beverage, Southeast Asia’s biggest brewer, plans to divest its real estate assets and become a pure-play drinks and food company in a share swap with other companies held by its owner, billionaire Charoen Sirivadhanabhakdi. More (BangkokPost, 18/07/2024)
Industrial confidence hits two-year low The Thai Industries Sentiment Index (TISI) fell to 87.2 points in June, hitting the lowest level in 24 months as the nation struggles to restore the economy amid a risk of higher operating costs for reeling small and medium-sized enterprises, says the Federation of Thai Industries (FTI). More (BangkokPost, 18/07/2024)
Weak spending hits kitchen appliances The sluggish economy has hit the kitchen appliances market as a result of a slowdown in consumer purchasing power as people are being more careful when it comes to spending, according to The Signature Brand Co Ltd (SBO), an importer of kitchenware and electrical appliances from Europe. More (BangkokPost, 18/07/2024)
Thai AirAsia experiences drop in demand After enjoying a robust market throughout 2023, Thai AirAsia started to experience lower demand during the second and third quarters, which requires immediate stimulus from the government to help alleviate the stagnant local purchasing power. More (BangkokPost, 16/07/2024)
Top-earning businesses revealed The Department of Business Development has revealed the top 10 types of businesses with the highest level of income in 2023. More (BangkokPost, 16/07/2024)
GULF and INTUCH announce a strategic amalgamation Gulf Energy Development Public Company Limited (GULF) and Intouch Holdings Public Company Limited (INTUCH) have announced a strategic amalgamation to restructure related companies within the group to maximise benefits for future operations and investments, including to simplify their shareholding structure and cultivate new growth opportunities in the energy & infrastructure and digital landscape. More (BangkokPost, 16/07/2024)
Ministry urges Thai tourism authority to set higher revenue target The tourism revenue target for 2025 might be increased as the Tourism and Sports Ministry would like to see the Tourism Authority of Thailand (TAT) set a higher target than the 3.5 trillion baht sought this year. More (BangkokPost, 10/07/2024)
TAT eyes 7.5% revenue growth in 2025 The Tourism Authority of Thailand (TAT) is targeting 7.5% revenue growth or 3.4 trillion baht in 2025, while private operators suggest offering subsidies for airfares to accelerate income. More (BangkokPost, 09/07/2024)
Suvarnabhumi Airport aims for Top 20 global airports by 2029 The Ministry of Transport has outlined a strategy to propel Suvarnabhumi Airport into the top 20 global airports by 2029, aligning with the government's goal to position Thailand as a premier global aviation hub. The plan, announced by Transport Minister Suriya Jungrungreangkit, follows the airport's rise to 58th place in the 2024 Skytrax World's Best Airport rankings, up from 68th place the previous year. More (PRD, 08/07/2024)
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GTCC BUSINESS & STUDY TRIP TO GERMANY: 9-17 NOVEMBER 2024 |
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New hydropower dam in Laos could lead to 'economic losses' Conservationists and people of the Mekong Basin are petitioning the government not to sign a contract to buy electricity from the Pak Beng Hydropower Dam in Laos, fearing economic and territorial losses. More (BangkokPost, 15/07/2024)
Thailand-Malaysia Boost ASEAN Medical Device Industry The success of the region’s leading pharmaceutical technology and innovation trade show, CPHI South East Asia 2024, will continue and expanded as Malaysia takes the baton from Thailand as the host of the event. More (Khaosod, 12/07/2024)
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Chinese EV maker GAC AION opens factory in Thailand BANGKOK - China's electric vehicle (EV) maker GAC Aion, a subsidiary of GAC Group, on Wednesday opened its first factory in Thailand, a key regional auto export and assembly hub and fast-growing EV market. More (BangkokPost, 17/07/2024)
Honda to end vehicle production at Ayutthaya plant Honda Automobile (Thailand) says it plans to stop making cars at its Ayutthaya factory and consolidate all assembly at an expanded Prachin Buri facility to enhance its competitiveness in the electric vehicle (EV) segment. More (BangkokPost, 09/07/2024)
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Online service aids foreign enterprises in Thailand The Department of Business Development (DBD) plans to introduce a new online service dubbed e-Foreign Business to help foreign investors apply for permission to operate a business, which is expected to be operational this month. More (BangkokPost, 10/07/2024)
Continental ready to move forward with construction of Phase 2 of tire plant expansion project Continental, a global leader in innovative tire technology from Germany, held a pile-breaking ceremony to celebrate the start of construction of its tire plant expansion project in Rayong Province. More (AutolifeThailand, 04/07/2024)
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| Legal / HR / CSR / Education / Health |
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Cabinet greenlights launch of retirement lottery project The cabinet has approved a savings innovation for low-income individuals, known as the retirement lottery, which offers attractive prizes. More (BangkokPost, 17/07/2024)
Visa-free entry to Thailand in effect for 93 countries, territories Visitors from 93 countries and territories can now enter Thailand without a valid visa under a new policy effective from Monday this week. More (BangkokPost, 16/07/2024)
Thailand holds strong as 6th best expat destination BANGKOK (NNT) - InterNations has released its annual report ranking Thailand as the world's sixth-best country for expatriates, maintaining its position from the previous year. The survey, which collected responses from over 12,500 expats in February, assesses 53 countries across multiple indices, including quality of life, ease of settling in, working abroad, personal finance, and “expat essentials” such as housing, administration, language, and digital life. More (NNT, 07/07/2024)
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Brainforce AG – 45 years of operational problem solving through interim management When the Swiss company Brainforce AG celebrates its 45th anniversary in early July, it will also mark the birthday of an entire industry that is now prospering worldwide. More
QSNCC wins World MICE Awards - Affirmation of Thailand’s Best Convention Centre Queen Sirikit National Convention Center earns World MICE Awards for “Thailand’s Best Convention Centre 2023”. The win is a result of the polling of MICE and travel industry professionals from all over the world. More
Miskawaan Health Group: Meet the Master: FREE Exclusive Health Insights Events in Bangkok 3 - 24 August 2024. Book your personalized health session with Dr. Johannes Wessolly, Miskawaan's Global Medical Director. Dr. Wessolly is offering exclusive health coaching sessions, providing valuable guidance for your health journey. 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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Survey report on "Expectations and Challenges of an EU-Thailand FTA" The European Association for Business and Commerce (EABC) has released a survey report titled "Expectations and Challenges of an EU-Thailand Free Trade Agreement (FTA): Perspectives from European Business in Thailand." More |
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FALLING WALLS LAB is coming to Thailand: 24 August 2024 Which wall will your research break? Pitch your innovative idea in just three minutes, showcasing a breakthrough that positively impacts science and society. Submission deadline is 10 July 2024. 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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