Register now for our upcoming events
14/03/2024
15/03/2024
20/03/2024
21/03/2024 [Save the Date] STCC Multi-Chamber Networking Night
21/03/2024
26/03/2024 [Save the Date: 10.00-11.30 hrs.] GTCC Meets New Members Meet-Up @GTCC office
28/03/2024 [Save the Date: 16.00-21.00 hrs.] GTCC Ordinary General Meeting 2024 @Anantara Siam
24/05/2024 [Save the Date: 18.00-24.00 hrs.] GTCC Gala Night @Carlton Hotel Bangkok
For more events, please click HERE |
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GTCC AFTERWORK BRIEFING AND NETWORKING |
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Employment up in Q4 on increased tourism Employment rose 1.7% in the final quarter of 2023 from a year earlier, helped by the tourism sector, after a 1.3% year-on-year increase in the previous quarter, the state planning agency said. (Bangkok Post, 04/03/2024) More
Sino-Thai rail link set for 2-year, B4bn delay The construction of the Thai-Chinese high-speed train project is likely to face a delay of two years and about 4 billion baht more in funding to change a section of track in Nakhon Ratchasima. (Bangkok Post, 27/02/2024) More Bank of Thailand warns of long-term downturn The Thai export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50% over the past 20 years, according to the Bank of Thailand (BoT). (Bangkok Post, 23/02/2024) More
KResearch downwardly revises its Thai economic growth forecast for 2024 to 2.6 percent Thai economy grew less than expected at 1.9 percent YoY in 2023; KResearch downwardly revises its Thai economic growth forecast for 2024 to 2.6 percent, from its previous estimate of 3.1 percent (Kasikorn Research Center, 20/02/2024) More Thai economy shrinks, adds to rate cut case amid central bank and PM feud Thailand's economy unexpectedly contracted in the fourth quarter of 2023 and policymakers downgraded the outlook for this year, adding to pressure on the central bank to give in to the prime minister's demands for a rate cut. (Reuters, 19/02/2024) More
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Antidumping - Bestimmte offenmaschige Gewebe aus Glasfasern Die Europäische Kommission verlängert die Antidumpingmaßnahmen. Die Maßnahmen betreffen Waren mit Ursprung in China, Indien, Indonesien, Malaysia, Taiwan und Thailand. Mehr
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. Mehr
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GTCC BUSINESS WOMEN Networking |
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| Companies & Industrial Sectors |
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Thai aviation sector rebounds with record profits for Thai Airways, budget carriers In the aviation sector alone, 2023 witnessed a remarkable turnaround from losses to profits, signifying a notable upswing in the aviation business throughout the year. Profits soared to 31.4 billion baht and escalated further to 40 billion baht if combined with the operations of Airports of Thailand (AOT). (The Nation, 03/03/2024) More
Thailand's unicorn factory A local startup incubation blueprint headed by the National The National Innovation Agency (NIA) has designed a new strategy to support local startups, facilitating their development and enabling them to keep pace with innovation demand in global markets. (Bangkok Post, 26/02/2024) More
Italy's Brembo to expand production capacity with new plant in Thailand Italy's Brembo will expand its production capacity in South-East Asia setting up a new plant in Thailand, the brake maker said. The site, for which the firm has earmarked an investment of about 40 million euros ($43.41 million), will produce brake systems for local two-wheeler makers in the industrial district of the Rayong province. (Reuters, 22/02/2024) More
THAI drops A350, ‘places order for 45 Boeing 787 jets’ amid surge in demand Thai Airways International (THAI) has placed an order for 45 Boeing 787 jets, with the option to potentially boost the size of the deal to around 80 aircraft as it serves rising international travel demand, Reuters reported, citing industry sources. (The Nation, 10/02/2024) More
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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AirAsia seeks to start units in Singapore, Vietnam Low-cost budget carrier AirAsia is seeking to start units in Singapore and Vietnam, the Edge reported. AirAsia already has operations in Thailand, Malaysia, Philippines, Indonesia and Cambodia. (Bangkok Post, 02/03/2024) More
Thailand and Cambodia in talks over disputed Gulf area Negotiations are underway between Thailand and Cambodia concerning overlapping border regions in the Gulf of Thailand, according to Sutin Klungsang, Thailand’s Defence Minister. (Thaiger, 28/02/2024) More
SCB ‘poised to purchase Vietnamese lender’ SCB X Plc, Thailand’s biggest bank by market value, is close to an agreement to buy the Vietnamese business of the consumer lender Home Credit in Vietnam in a deal that could be worth as much as US $900. (Bangkok Post, 27/02/2024) More
Malaysia beats Thailand to become most-visited country in Southeast Asia Malaysia recorded nearly 29 million foreign arrivals last year, becoming the most popular destination in Southeast Asia. (VN Express, 23/02/2024) More
Centara Hotels & Resorts expands in Thailand, Vietnam Centara Hotels & Resorts is strengthening its footprint in Thailand and Vietnam with the addition of five properties to its portfolio to launch between 2024 and 2027. In Vietnam, Centara is set to open two properties in Vung Tau City in 1Q2027. (TTG Asia, 15/02/ 2024) More
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SCN studies hydrogen fuel scheme Scan Inter (SCN), a compressed natural gas seller and clean power operator, is planning to develop hydrogen fuel to benefit from growing demand for clean energy. (Bangkok Post, 04/03/2024) More
ThaiBev embraces ESG for a sustainable future Thai Beverage Plc (ThaiBev) has unveiled its strategies for all-dimension sustainability, reinforcing its role as a leading organisation in enhancing sustainable development through all of its business operations. (Bangkok Post, 4/03/2024) More
Siblings help China's BYD grab early lead in Thai EV market After launching BYD in Thailand as the Chinese electric vehicle maker's sole national distributor a little more than a year ago, siblings Pratarnwong and Pratarnporn Phornprapha of Rever Group were forced to rip up business plans frequently because sales kept rocketing. Rever currently has around 100 BYD showrooms, which it plans to triple within two years. (CNA, 28/02/2024) More
BMW to create local EV battery plant BMW Group Thailand is planning to build an electric vehicle battery factory in Thailand this year to support its sales of battery EVs and plug-in hybrid EVs, competing with Chinese EV supply chains. (Bangkok Post, 26/02/2024) More
Thailand approves incentives for companies transitioning to EVs Thailand has approved incentives for companies to transition their commercial fleets of large trucks and buses to battery electric vehicles, the government said. Also on offer are cash grants for EV battery cell manufacturers, adding the policies would reinforce Thailand's status as an EV manufacturing hub. (CNA, 21/02/2024) More |
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Thailand closer to trade deal with non-EU countries Thailand is moving closer to concluding a free-trade agreement with four non-EU countries – Switzerland, Norway, Iceland and Liechtenstein – under the banner of the European Free Trade Association (EFTA). (Bangkok Post, 02/03/2024) More
Thailand seeks German investment in electric vehicle industry Deputy Prime Minister Parnpree Bahiddha-Nukara announced on a recent official trip to Germany, the Thai government’s intention to attract German automobile manufacturers to invest in Thailand’s burgeoning electric vehicle (EV) industry. This initiative is part of the broader plans for Prime Minister Srettha Thavisin’s official visit to Germany next month. (Thaiger, 25/02/2024) More Thailand plans $33 bln public-private investment projects during 2020-2027 Thailand plans public-private partnership investment projects worth 1.19 trillion baht ($33 billion) during 2020-2027, the government said, as it tries to boost long-term economic growth. The revised amount is slightly higher than 1.17 trillion baht previously approved and aims to attract more private companies to invest in government projects. The public-private partnership committee also approved an investment worth about 18.4 billion baht at Laem Chabang port in the eastern province of Chonburi. (Reuters, 16/02/2024) More CCMB Project Allies support Thailand in climate change, biodiversity, tourism GIZ, in collaboration with DCCE and ONEP, supported by IKI, organised the Climate, Coastal, and Marine Biodiversity Project Event with the backing of BMWK, to present the project’s work plan and approaches and support collaborative partnerships among agencies and organisations. It also aimed to promote integrated and effective actions towards climate and biodiversity protection while conserving marine and coastal resources and promoting sustainable tourism. (The Nation, 05/02/2024) More
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| Legal / HR / CSR / Education / Health |
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Airports authority responds to PM's call on immigration queues Airports of Thailand (AOT) has stepped up to the plate after Prime Minister Srettha Thavisin ordered immigration clearance to be expedited at Suvarnabhumi airport to cut long queues. (Bangkok Post, 27/02/2024) More Thailand plans to waive visas for more countries Thailand's Prime Minister said the government plans to offer visa-free travel to citizens of several more countries in addition to China and India recently. The government expects about 34-35 million foreign visitors this year, up from about 28 million last year. (Reuters, 16/02/2024) More
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Bradley Williams joins Bayer Thai as Managing Director and leads Pharmaceuticals Division Bayer Thai Co., Ltd. announces the appointment of Bradley Williams as the Managing Director and Country Division Head of Pharmaceuticals, effective from February 1, 2024. (Bangkok Post, 01/02/2024) More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. More |
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Chamber Representative Arrissra Limpisthien
Chamber Representatives Chris Moll Martin Tjan
Chamber Representatives Patrick Fassnacht Prawadee Wongsrida |
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Chamber Representatives Sirichai Tempoomsuk Johan Frederick Van Loggenberg
Chamber Representatives Phasit Kaiyoonrawong Rachael Cheah
Mr. Sascha Heylmann |
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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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German companies show optimism in Asia Pacific for 2024 Business situation good, business expectations even better – this is what local companies are telling their bi-lateral German Chambers of Commerce abroad (AHKs) in almost all locations in the Asia Pacific region. Companies in India are particularly positive. This is according to the new AHK Asia Pacific Business Outlook. In September and October 2023 more than 800 AHK member companies were surveyed on their business prospects. (DIHK, 15/01/2024) 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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