17/01/2024
18/01/2024
19/01/2024
30/01/2024 [Save the Date] GTCC New Members Meet-Up 1/2024
08/02/2024 [Save the Date] GTCC AFTERWORK Briefing & Networking
28/03/2024 [Save the Date] GTCC Ordinary General Meeting 2024
For more events, please click HERE |
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Thailand gets green light to borrow to fund $14.3 bln handout plan - official Thailand has received a green light to borrow to finance its controversial 500 billion baht ($14.29 billion) digital handout scheme, a senior official said, in a boost to a government eager to stimulate a sluggish economy. (Reuters, 08/01/2024) More
Inflation projected to dip in January Headline inflation is expected to decline for a fourth consecutive month in January, attributed to the government's support measures for diesel and electricity bills, as well as lower global oil prices. (Bangkok Post, 06/01/2024) More
Bid to hike SME contribution to GDP to 40% The Commerce Ministry has vowed to boost the economic value of small and medium-sized enterprises through stimulating consumption, investment, government spending, and international trade, setting a target to increase the GDP contribution of SMEs to 40% by 2027. (Bangkok Post, 05/01/2024) More
Key reforms needed in Thailand Thailand has achieved remarkable economic and social progress in recent decades. The economy has picked up since the pandemic, buoyed by a strong rebound in tourism. Bold reforms are now needed to make the recovery more solid and inclusive, according to a new report by the Organisation for Co-operation and Development (OECD). (Bangkok Post, 03/01/2024) More
Chamber cuts 2023 growth view The University of the Thai Chamber of Commerce (UTCC) has trimmed its economic growth estimate for 2023 to 2.5%, down from the earlier forecast of 3% it made in October last year, while projecting growth of 3.2% this year. (Bangkok Post, 03/01/2024) More
Seeing stars in 2024 Many economists project Thailand to be on a recovery course thanks to resilient domestic demand and an uptick in tourist arrivals. Analysts singled out six industries for rapid growth this year, in line with Thailand's improving performance in trade, technology readiness and social well-being. (Bangkok Post, 01/01/2024) More
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| Mazars Technical Update - Dec 2023 |
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Schuldenberge wachsen weiter Die Regierung möchte ihren Bürgern Geld schenken und muss sich dafür weiter verschulden. Trotz Problemen wollen deutsche Unternehmen auch zukünftig in Thailand investieren. More
"Die kleinsten Konsortien in Suedostasien haben drei Parteien" Jürgen Supik vom Ingenieurbüro Dorsch in Südostasien schildert, wie das Unternehmen von Projekten erfährt, welche Rolle Referenzen spielen und wie wichtig Partner sind. More
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| Companies & Industrial Sectors |
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Domestic operators see barriers to revenue target Domestic tourism operators foresee obstacles to increasing revenue to reach the government's goal of 1.08 trillion baht this year, citing high travel costs and weak flight capacity, says the Tourism Authority of Thailand (TAT). (Bangkok Post, 08/01/2024) More
National Telecom investigating new business opportunities State telecom enterprise National Telecom (NT) is eager to join the smart meter project operated by Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) by providing the the two state enterprises with data communications services.(Bangkok Post, 05/01/2024) More
China visa deal to boost Thai trips The dual visa exemption between China and Thailand should increase outbound travellers to China by at least 10%, but inbound numbers from the mainland might not reach the government projection of 8.2 million, according to the Association of Thai Travel Agents (Atta). (Bangkok Post, 03/01/2024) More
Thai hospitality groups go global As the tourism recovery gathers pace across the globe, Thai hospitality groups expanded their presence beyond the domestic market to capitalise on robust demand in many destinations. (Bangkok Post, 02/01/2024) More
Govts sets ambitious B3.5tr tourism target for ’24 The government is aiming to generate 3.5 trillion baht for the economy through the tourism industry this year, as it plans to promote the country as a year-round tourism destination. (Bangkok post, 01/02/2024) More
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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KBank focuses on Vietnam, Indonesia Kasikornbank (KBank) is focusing on expanding its international banking business this year in Vietnam and Indonesia based on the high growth potential of the two Asean economies. (Bangkok Post, 04/01/2024) More
Direct Thailand-China rail cargo service launches Thailand and China launched the first direct cargo rail link from Nong Khai to Chongqing via Laos on Friday. (The Nation, 05/01/2024) More
Eight new Thai airlines to debut this year Eight new Thai airlines are set to start operations this year amid expectations for a sustained recovery in leisure travel to draw about 35 million foreign visitors this year. (Bangkok Post, 02/01/2024) More
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BBGI searches for green aviation fuel ingredients BBGI Plc, the biotechnology arm of Bangchak Corporation Plc, is looking for new feedstocks, particularly from agricultural waste, to make sustainable aviation fuel (SAF) to support its new business of producing biofuel for aircraft. (Bangkok Post, 08/01/2024) More
Thailand accelerates lithium exploration to become EV production hub Thailand is speeding up exploration of lithium in a bid to become an electric vehicle (EV) production hub, the Industry Ministry said on Wednesday. (The Nation, 03/01/2024) More
New EV package to drive outlays The cabinet's approval of a new electric vehicle incentive package, dubbed EV3.5, will boost key targeted S-curve industries the government is promoting and encourage more prospective foreign investors to expand their businesses in Thailand, says the Federation of Thai Industries (FTI). (Bangkok Post, 21/12/2023) More |
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German president to visit this month to meet Srettha, HM King German President Frank-Walter Steinmeier is to visit Thailand, at the invitation of Prime Minister Srettha Thavisin, from Jan 24–26. Mr Steinmeier and Mr Srettha will discuss bilateral cooperation and observe the signing of two new memoranda of understanding (MoUs) on the rail system and sciences. (Bangkok Post, 07/01/2024) More
BOI plans to promote investement in ‘green’ industries The Board of Investment of Thailand (BOI) has unveiled its strategic plan for the next four years (2024-2027) with a focus on promoting investment in bio, circular and “green” (BCG) industries. (The Nation, 22/12/2023) More
Thailand's interface with new FTAs The power of data in the expanding panorama of digital trade is becoming an essential component of commercial relations, especially recent free trade areas (FTAs). (Bangkok Post, 21/12/2023) More
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| Legal / HR / CSR / Education / Health |
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Excise considers new green tax measures The Excise Department plans to implement four tax measures for the environment and society this year, says director-general Ekniti Nitithanprapas. The four measures comprise supporting the use of battery electric vehicles (BEVs), including batteries used in other industries such as solar cells; proposing a carbon tax on the energy, transport and industrial sectors; supporting the use of pure ethanol in the production of bioplastics; and supporting the use of certain cars to assist the elderly or disabled.(Bangkok Post, 08/01/2024) More
Booze tax cuts approved to spur tourism The cabinet has approved tax cuts on alcoholic beverages, with wine prices set to fall significantly, in order to boost tourism. (Bangkok Post, 04/01/2024) More
E-commerce faces tax crackdown The Revenue Department's decision to require digital platforms to report revenue gained from their online merchants is expected to affect Thailand's e-commerce landscape on many fronts.(Bangkok Post, 04/01/2024) More
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Siemens appoints Ross Conlon as new President & CEO for Thailand In addition, he also assumed the responsibilities of Head of Smart Infrastructure, effective 1 January 2024. This appointment follows the retirement of Suwannee Singluedej from the company. More
Evonik expands its peroxides production network with full acquisition of Thai Peroxide Co., Ltd. Evonik has announced the full takeover of former joint venture Thai Peroxide Company Limited (TPL). With the acquisition, the global peroxides producer is expanding its offer of specialty-grade hydrogen peroxide and peracetic acid in the fast-growing Asia Pacific market. More |
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Chamber Representatives Roland Sensch Sairung Thonganan
Chamber Representative Dhiman Dasgupta
Chamber Representative Elvis Adrovic |
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Chamber Representative William Choo Wing Hong
Chamber Representatives Stefan Molnar Pattanee Bavonratanavech |
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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. An abridged version is now available in English. More |
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AHK World Business Outlook: Fall 2023 Results of a survey of German chambers of commerce abroad, delegations and representative offices. The survey was conducted from 25 September to 20 October 2023. 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 |
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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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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 |
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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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