21/09/2023
21/09/2023
22/09/2023
22/09/2023
05/10/2023
09/10/2023
11/10/2023
11/10/2023
12/10/2023
14/10/2023
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Nursing a fragile economy As several of Thailand's trading partners stumble, the new government takes its tentative first steps With recession looming in many countries, fears over economic contraction remain in Thailand, particularly when the key contributor of exports still faces a stark outlook because of the weak economies of our trade partners. (Bangkok Post, 18/09/23) More
Thailand ranks ninth in ‘Best Country – Open for Business in 2023’ The Royal Thai Embassy in the United States has announced through its Facebook page that Thailand has secured ninth place among 87 countries listed as the most open for business in 2023. (Pattaya Mail, 18/09/23) More
Bank of Thailand governor proposes fiscal suggestions The government's economic policies should be considered in terms of their medium-term impact amid concerns about fiscal instability, says the head of the Bank of Thailand. The central bank affirms the the local economic recovery is intact, despite GDP growth being lower than expected in the second quarter at 1.8%. The central bank focuses on three core areas: economic growth, price stability and financial system stability. (Bangkok Post, 15/09/23) More
Fiscal budget deficits risks Thai economy, chief economist warns Kiatnakin Phatra Securities’ chief economist issued a stark warning over the government’s increasing reliance on fiscal budget deficits, cautioning that such an approach could harm the economy over an extended period. (Thaiger, 15/09/23) More
Govt acts on rising living costs The government is set to roll out a raft of measures designed to ease the rising cost of living and boost the economy, including lower electricity and diesel prices, a debt moratorium for farmers and small-and-medium-sized entrepreneurs (SMEs), and fortnightly salaries for government officials. (14/09/23 More
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| Mazars technical update - August 2023 |
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Antidumping - Aluminiumfolie (kleine Rollen) mit Ursprung in China Die Europäische Kommission gibt das bevorstehende Außerkrafttreten der Antidumpingmaßnahmen bekannt. Sie wurden 2019 verlängert und 2021 auf Einfuhren aus Thailand ausgeweitet. (GTAI, 07/09/23) Mehr
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GTCC BUSINESSWOMEN NETWORKING |
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GTCC AFTERWORK BRIEFING & NETWORKING |
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| Companies & Industrial Sectors |
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Healthcare harnesses AI Thailand's healthcare sector is leveraging artificial intelligence (AI), including generative AI, to bolster the medical sector. (Bangkok Post, 18/09/23) More
Samui seeks longer stays for Europeans Tourism operators on Koh Samui are urging the government to allow extended stays for European tourists as they believe the proposed visa exemption for Chinese visitors will not benefit the island. (Bangkok Post, 18/09/23) More
New govt policies a boon to Phuket’s real estate sector A surge of funds from the country’s largest property developers into Phuket’s real-estate sector is pushing annual investment to more than 100 billion baht this year, the Phuket Real Estate Association said on Friday. (The Nation, 16/08/23) More
Airline price war unlikely amid high operational costs Airlines in Thailand are not expected to start another price war in the near future, while the Civil Aviation Authority of Thailand (CAAT) plans to maintain ceiling ticket prices despite higher operational costs. (Bangkok Post, 16/08/23) More
New foreign tourism goal set at B3tn The new tourism and sports minister set a new record target for foreign tourism receipts of 3 trillion baht, up from 1.9 trillion in 2019, aiming to establish the country as a sports and entertainment hub. (Bangkok Post, 15/08/23) More
Central unit to invest B20bn in Go Wholesale Central Food Wholesales, part of Central Retail Corporation (CRC), the country’s biggest retailer, is preparing to allocate roughly 20 billion baht to expand its Go Wholesale stores over the next five years. (Bangkok Post, 14/9/23) More
Kia mulls building its first ASEAN production facility in Thailand South Korean automaker Kia Corp. is reviewing the plan to build a production facility in Thailand with an annual capacity of 250,000 cars. The move is seen as part of an effort to advance aggressively into the Association of Southeast Asian Nations (ASEAN), following India, while its Chinese business remains sluggish. It is also seen as a strategy by its parent Hyundai Motor Group to diversify its global production base. (Pulse by Maell Business News Korea, 08/09/23) More
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GTCC MULTI-CHAMBER EASTERN SEABOARD BRIEFING & NETWORKING |
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Thailand and Laos in talks to link tourism routes and build second bridge In a bid to boost tourism and enhance relations, Thailand and Laos initiated discussions to connect tourism routes and expedite the construction of a second Thai-Lao friendship bridge in the Pak Chom district of Loei. (Thaiger, 17/09/23) More
China to boost economic cooperation with ASEAN through high-level opening up High-level opening up is bringing new opportunities for economic cooperation between China and the Association of Southeast Asian Nations, and China will forge ahead with institutional opening up to co-create a new future for regional development with ASEAN member states. (China Daily, 17/09/23) More
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South Korea eyes Thailand for EV investment Recently, a delegation of electric vehicle (EV) businesses from South Korea and the mayor of Yeonggwang-gun, South Korea’s leading mobility city, visited the Thailand Board of Investment (BOI) to discuss EV investment opportunities in Thailand, particularly small EVs and commercial vehicles used for transportation and logistics. (Pattaya Mail, 11/09/23) More
EV producers upbeat on investment More electric vehicle (EV) manufacturers are expected to invest in Thailand, although the latest EV incentive package is believed to be less attractive than its predecessor, says the Electric Vehicle Association of Thailand (EVAT). (Bangkok Bank, 08/09/23) More
CKP and BEM partner for Thailand’s first solar-powered mass transit rail CK Power Plc (CKP) Bangkok Expressway and Metro Plc (BEM) have forged a partnership to bring the first solar-powered mass transit rail systems to Thailand. The collaboration aims to utilise solar energy to power the MRT Chalerm Ratchamonkol Line (MRT Blue Line) and the MRT Chalong Ratchadham Line (MRT Purple Line) which, combined, span over 71 kilometres and have 54 stations across Bangkok and Nonthaburi. (Thaiger, 31/08/23) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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PM hopes to discuss submarine engine with German president Prime Minister Srettha Thavisin plans to approach German President Frank-Walter Steinmeier about acquiring a German-built engine for a Chinese-built submarine being purchased by Thailand, during his trip to the UN General Assembly in New York next week. (Bangkok Post, 13/09/23) More
Focus remains on EV package Newly appointed Industry Minister Pimphattra Wichaikul pledges to step up efforts to pass a new electric vehicle (EV) incentive package to develop the fledging Thai industry, hoping to win approval from the Pheu Thai-led coalition government. The existing package of incentives, including tax cuts and subsidies, is meant to promote EV consumption and production between 2022 and 2023. (Bangkok Post, 08/09/23) More |
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| Legal / HR / CSR / Education / Health |
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Thai business department investigates 439 firms for potential nomination violations In a move to suppress the ‘grey’ market in the fiscal year 2023, the Business Development Department (BDD) investigated 439 companies, suspecting them of acting as nominees for foreign corporations. Interestingly, legal entities potentially involved in nominee activities were discovered in Chiang Mai and Chon Buri provinces. (Thaiger, 18/09/23) More
Consumer group backs five new protection laws The Thailand Consumers Council (TCC) plans to discuss the consumer protection law with various political groups, according to its deputy secretary-general Ittaboon Onwongsa.One of these is revisiting the Consumer Protection Act with the aim of increasing consumers’ rights in the categories of financial services, public transport, real estate, health products and drugs, health services, general services, communications, and energy and the environment.(Bangkok Post, 16/08/23) More
Labour minister urges restraint on minimum wage The Ministry of Labour agrees with business leaders on delaying a government pledge to increase the daily minimum wage to 400 baht, recommending it be phased in based on inflation and economic growth. (Bangkok Post, 15/08/23) More
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Blumenthal Richter & Sumet announces promotion of two new partners Blumenthal Richter & Sumet Attorneys & Counsellors (“BRS”) proudly announces the internal promotion of two accomplished individuals to the position of partner: Ekkarat Ritthiplang and Weerasa Makepongtorn. More
HERMLE at EMO Hannover 2023 18-23 September 2023. Meet HERMLE at the EMO 2023, Hall 12, Stand C30. Here, user questions about new production technologies, milling and turning cycles, digital components and special hardware will be answered by specialists. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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productronica 14-17 November 2023, Munich, Germany
As the world's leading trade fair, productronica presents the entire range of technologies and solutions for electronics production and provides in-depth insights into the latest trends in practice-oriented forums and live demonstrations. Every two years, the world of electronics production meets in Munich. More
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Grüne Woche 19-28 January 2024, Berlin, Germany
Grüne Woche is the leading international trade fair for food, agriculture and horticulture. The fair is also the venue for the Global Forum for Food and Agriculture (GFFA) organized by the German Federal Ministry of Food and Agriculture. 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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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. Interviews reveal the perspective of the exhibiting companies and the expectations of visitors. New competences on the part of exhibition organisers and service providers are discussed. AUMA demonstrates the importance of the industry with facts and figures. An abridged version is now available in English. More |
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Außenwirtschaftstag NRW 2023
21 September 2023, Congress Center Düsseldorf Der Außenwirtschaftstag NRW 2023 (AWT23) ist die größte Konferenz in Nordrhein-Westfalen für auslandsaktive Unternehmen zum internationalen Geschäft und wird alle zwei Jahre von den Industrie- und Handelskammern in Nordrhein-Westfalen e. V. veranstaltet. Unter dem Motto „International – Nachhaltig – Erfolgreich“ bietet der AWT23 einen spannenden und praxisnahen Mix aus Keynotes, Impulsen, Panels, verschiedenen Bühnen mit Vorträgen, der AHK-Lounge mit über 55 AHKs aus allen Regionen der Welt sowie einer Fachausstellung mit rund 60 Ausstellerinnen und Ausstellern. Freuen Sie sich unter anderem auf Mona Neubaur (Ministerin für Wirtschaft, Industrie, Klimaschutz und Energie des Landes NRW), Botschafter Christoph Heusgen (Vorsitzender der Münchner Sicherheitskonferenz) und Burkhard Dahmen (CEO der SMS Group). Buchen Sie jetzt Ihr Ticket!>> Hier |
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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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TSVD Career Day - 14 October 2023 The Thai Student Association in Germany (Thai Studenten-Verein in Deutschland - TSVD) will organise “TSVD Career Day” on 14 October 2023, 9:30 - 18:30 hrs., at Klett Haus Stuttgart. The event is supported by Dr. David Klett, Thai Honorary Consul in Stuttgart, as well as the Thai Embassy in Berlin and the Thai Consulate-Generals in Frankfurt and Munich. Mr. Roland Folger, Head of Projects Region Overseas (MS/O) of Mercedes-Benz AG, GTCC member, will be the speaker on "Labour situation of German companies in Thailand" at the event. For more information and sponsorship opportunity, click 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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