14/11/2023
16/11/2023
17/11/2023
18/11/2023
20/11/2023
21/11/2023
23/11/2023
23/11/2023
28/11/2023
30/11/2023
07/12/2023 [Save the date] GTCC Multi-Chamber Business Women Networking
14/12/2023
15/12/2023 [Save the date] Multi-Chamber Eastern Seaboard Networking by BCCT
For more events, please click HERE |
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IMF sees Thai GDP growth at 2.7% this year, 3.6% next year Thailand's economy is projected to grow 2.7% this year and 3.6% next year, amid a highly uncertain global environment, according to the International Monetary Fund (IMF).The 2024 outlook was higher than the 3.2% forecast in mid-October, driven by improvements in external demand and continued solid growth in private consumption. (Reuters, 8/11/2023) More
Government banks on ‘soft power’ to boost Thai economy The government has announced a plan to use so-called soft power to help generate annual revenue of about 4 trillion baht over the next 4 years through the establishment of a Thailand Creative Content Agency. (The Nation, 07/11/2023) More Thai Government plans to seek 14 billion USD loan to boost economic growth The government will seek 500 billion baht in loans to finance its 10,000 baht digital money handout scheme, PM said. (Bangkok Post, 11/11/2023) More
Baht hits two-month high The baht traded at a two-month high on Monday and is expected to remain strong until year-end as the market considers whether the Federal Reserve might cut interest rates sooner than previously forecast in 2024, say analysts. (Bangkok Post, 07/11/2023) More
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| Mazars Technical Update - Oct 2023 |
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Schönheitspflege ist in Thailand ein attraktiver Markt Körperpflege- und Kosmetikprodukte werden stärker nachgefragt. Lokale und asiatische Anbieter dominieren den Markt. Trends zu Gesundheit und Natur bieten Einsteigern neue Chancen. (GTAI, 19/10/2023) Mehr
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Thailand’s High-Speed Railway: On the Fast Track to Ties With China, But at What Cost? Prime Minister Srettha Thavisin has pledged to move the project forward after years of delays and sluggish progress. (The Diplomat, 13/11/2023) More
Star Petroleum sees fall in global oil prices Global oil prices are likely to decrease during the remainder of this year despite high energy demand, though they remain prone to fluctuations resulting from geopolitical conflicts and economic adjustments. (Bangkok Post, 13/11/2023) More
PTT sows the seeds for its future growth PTT Plc has unveiled a new phase of reinvestment aimed at establishing fresh ventures for future gains, recognising the saturation of its traditional businesses in driving. (Bangkok Post, 13/11/2023) More
Carabao vows to fill gaps in the beer market Carabao Group, the energy drink manufacturer, is set to tap Thailand's 260-billion-baht beer market following the introduction of its Carabao and Tawandang beer brands. (Bangkok Post, 10/11/2023) More
Grab delivers first-ever profit Grab Holdings Ltd posted its first-ever profit on an adjusted basis, a milestone for the decade old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings potential. (Bangkok Post, 10/11/2023) More TTA takes 10.14% share in Valeura Growing oil and gas demand in Asia has prompted SET-listed Thoresen Thai Agencies (TTA), an investment holding firm, to acquire a 10.14% share in Valeura Energy Inc, the second-largest oil producer in Thailand. (Bangkok Post, 13/11/2023) More BE8 profit jumps 139% in first 9 months Digital consultancy Beryl 8 Plus Plc (BE8) posted revenue of 1.81 billion baht for the first nine months this year, a 285% increase, while profits grew by 139% to 213 million baht. (Bangkok Post, 11/11/2023) More
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GTCC EXECUTIVE BRIEFING & NETWORKING WITH STR |
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China to boost security intelligence cooperation with Cambodia, Vietnam and Thailand China has exchanged views and reached broad consensus with Cambodia, Vietnam and Thailand on deepening security intelligence cooperation after China's Minister of State Security Chen Yixin made visits at the invitation of the three countries and held talks with senior officials from November 2 to Saturday. (Global Times, 13/11/2023) More
Malaysia and Thailand keen to collaborate in tourism, agriculture Malaysia and Thailand are keen to forge cooperation in tourism and agriculture to unlock the full potential of the two sectors, said Malaysian ambassador to Thailand Datuk Jojie Samuel (MalayMail, 10/11/2023) More
Sugar prices in global market soar to 12-year high The prices of sugar have surged past 28 cents per pound in the international market to touch a 12-year high as the sweetener is seen in short supply due to a sharp decline in Indian exports and logistics problems in Brazil. (The Nation, 10/11/2023) More
APAC sees the world’s highest real salary increases in 2023 According to the latest Salary Trends Report by ECA International (ECA), real wages in APAC, which are equal to nominal wage growth minus the rate of inflation, once again outperformed the rest of the world in 2023. (The Nation, 09/11/2023) More
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GTCC AFTERWORK "CHRISTMAS EDITION" |
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Chinese EV bike maker to invest 10 billion baht over 5 years in EEC manufacturing set up Thailand’s Eastern Economic Corridor (EEC) will this year welcome the newest member of the electric vehicle (EV) industry, SMOGO Holding Ltd, from China. (The Nation, 13/11/2023) More
EV Infrastructure progress aids green energy transition Electric vehicle (EV) infrastructure should be ready in time to contribute to the green transition in Thailand, according to Kelvin Lim, group CEO of Singapore’s energy solution provider Durapower Holdings. (The Nation, 10/11/2023) More PTT investing THB550 million in green innovation Oil giant PTT Plc is investing 550 million baht for innovation in green technology and related areas . (The Nation, 12/11/2023) More |
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Land bridge project to attract foreign investors: Transport Ministry Permanent Secretary to the Transport Ministry, Chayatham Phromsorn, believes that foreigners are interested in Thailand’s land bridge project and says that the government is ready to enact special laws to attract investors. (The Nation, 13/11/2023) More German aid for climate change fight Germany will provide €422 million (16 billion baht) to Thailand for projects aimed at addressing the impacts of climate change, Ernst Reichel, German Ambassador to Thailand, told the press on Monday. (Bangkok Post, 07/11/2023) More
Accelerating Laem Chabang Phase 3 development will bolster investor confidence: Srettha The ongoing Phase 3 of the Laem Chabang Development Project is key to its expansion and includes vital enhancements in infrastructure, such as road, rail and sea transportation systems. These improvements are designed to increase the port’s capacity and support future growth, positioning Laem Chabang Port as a central transportation hub for the region. (The Nation, 4/11/2023) More |
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| Legal / HR / CSR / Education / Health |
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Survey indicates firms will pay more in 2024 as economy recovers Employees in Thailand can expect higher wages next year as the economy gradually recovers and inflationary pressures ease, according to Mercers' Total Remuneration Survey. (The Nation, 13/11/2023) More
Aligning learning with business strategy Time and resources have become more precious than ever. Balancing personal interests with work responsibilities often leaves little room for learning that doesn’t directly contribute to our immediate objectives... (Bangkok Post, 13/11/2023) More
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Bangkok Marriott Marquis Queen’s Park wins Haute Grandeur Global Hotel Awards and Tripadvisor Travelers’ Choice Awards Bangkok Marriott Marquis Queen’s Park is celebrating after it won eight separate accolades in this year’s Haute Grandeur Global Hotel Awards, including honors for its dining, wellness and meeting services. The hotel's restaurants also won again in Tripadvisor Travelers’ Choice “Best of the Best” Awards. More
tesa officially opens new site in Haiphong (Vietnam) expanding its footprint in Asia tesa, an international manufacturer of adhesive tapes and self-adhesive solutions, officially opened its new site in the Vietnamese port city of Haiphong today. The new site is part of tesa's strategic orientation to regionalize production. More
Kimpton Maa-Lai Bangkok introduces new Restaurant Manager and Sommelier Extraordinaire Luca Lodoli has been appointed restaurant manager and sommelier for Ms.Jigger - contemporary Italian restaurant, bringing with him a wealth of culinary knowledge and wine know-how from his home country of Italy to elevate every diner’s experience. More
Miskawaan Health Group presents "Discover Sustainable Health with Dr. Johannes Wessolly" 30 October - 7 November 2023. Miskawaan is offering you the opportunity to connect with the brilliant Dr. Johannes Wessolly, a renowned medical professional from Germany, to explore and address your specific health concerns. More
Hermle at Metalex 2023 22 - 25 November 2023. Meet Hermle at Metalex 2023, BITEC Bangkok from 10:00 - 18:00 hrs. Hermle's machining centres are used for efficient machining of tools, moulds and series-produced parts. Hermle SEA is going to present the Hermle C400 Live in action. 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 Dominik Heer John Casella
Chamber Representatives Matthias Johannes Kuepper Pansa Supakajornwanich
Chamber Representatives Uwe Wedler Sanont Phanich
LSB Logistik, Service und Bausicherheit B.V. Chamber Representative Torsten Wölm |
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Chamber Representative Falco Tobias Meuser
Chamber Representatives Luis Jean-Marc Oehme Eric Moskwa
Chamber Representative Satesit Sukcharoen |
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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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ITB Berlin 5-7 March 2024, Berlin, Germany
ITB Berlin 2024 will take place as a pure b2b event providing a platform for the entire value chain of the travel industry. It hosts the leaders of the global travel industry, showcasing decisive trends and providing unlimited opportunities for the travel business. The internationally acclaimed ITB Berlin Convention will take place parallel with the show as a live event. 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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Results of Survey on labour situation of GTCC member companies in Thailand A survey on labour situation had been conducted among GTCC member companies during 11-25 September 2023. It is found that 65.5% of the survey participants experienced a labour shortage in the past 12 months, while 62.1% found it manageable. Lack of skilled workforce in Thailand is the major causes of their labour shortage (65.5%), followed by competition from other companies (58.6%) and language and cultural barriers (24.1%). More results can be found here. |
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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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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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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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