05/10/2023
06/10/2023
09/10/2023
11/10/2023
11/10/2023
12/10/2023
14/10/2023
20/10/2023
21/10/2023
21/10/2023
27/10/2023
03/11/23 [Save the date] GTCC Young Professionals Network Evening: "Sport Day 2023" @Topgolf Megacity
For more events, please click HERE |
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World Bank cuts Thailand’s 2023 GDP forecast to 3.4% as exports lag The World Bank has cut its GDP growth forecast for Thailand in 2023 from 3.6% to 3.4% amid a projected slowdown in regional economies this year. The bank also revised down Thailand's GDP forecast for next year to 3.5% from April’s estimate of 3.7%. Thailand's economic recovery is lagging behind other Asean countries, and declining exports pose an increasing challenge. (The Nation, 02/10/23 ) More
Outlook Quarter 3/2023 SCB EIC downgraded Thailand’s 2023 growth forecast to 3.1% after lackluster outturns in Q2 and export contraction. (SCBEIC, 13/09/23) More
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| Recent revised TFRS for NPAEs (2022) |
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Thailands Umsatzsteuer weiterhin bei sieben Prozent Die thailändische Regierung hat eine nochmalige Verlängerung des reduzierten Mehrwertsteuersatzes bis zum 30. September 2024 beschlossen. (GTAI, 25/09/23) Mehr
Thailand - Jetzt sind konsequente Richtlinien gefragt Regierung und Wirtschaft kündigen ambitionierte Klimaschutzpläne und -projekte an. Die Energiewende und andere Klimaschutzmaßnahmen benötigen aber verbindlichere Vorgaben. (GTAI, 04/09/23) Mehr
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GTCC AFTERWORK BRIEFING & NETWORKING |
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| Companies & Industrial Sectors |
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PM hails response to visa scheme A visa-free scheme for Chinese and Kazakh tourists has received a positive response, according to Prime Minister and Finance Minister. The scheme -- which runs from Sept 25 to Feb 29, amid the Chinese National Day on Oct 1, the Mid-Autumn Festival this month and Chinese New Year in February -- is part of the government's "Quick Win" policy to spur the economy. (Bangkok Post, 01/10/23 ) More
Chiang Mai airport key to revival With Chiang Mai airport extending its operating hours around the clock starting in November, the tourism sector hopes to unlock the potential of the northern region to welcome more foreign tourists arriving via direct flights. (Bangkok Post, 30/09/23) More
Fuel usage up 2.3% in first 8 months Fuel consumption in the first eight months this year increased by 2.3% to 155 million litres per day, though demand for diesel fell as prices rose, according to the Department of Energy Business. (Bangkok Post, 29/09/23) More
Car exports see increase but domestic sales decline Automobile exports in the first eight months of 2023 grew by 19.53% but the domestic market experienced a decline in sales of 6.21%, the Federation of Thai Industries (FTI) has reported. (The Nation, 22/09/23) More
Thai Digital Economy Soars 14% in 2022 Thailand’s digital economy grew by 14%, achieving a market value of 2.6 trillion baht in 2022, as reported by the Digital Economy Promotion Agency (DEPA). (NNT, 21/09/2023) More.
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Commerce Ministry hopes to ink 3 FTAs by mid-2024 The Commerce Ministry is aiming to finalise Free Trade Agreements (FTAs) with the United Arab Emirates (UAE), Sri Lanka and the European Free Trade Association (ETA) by mid-2024. These agreements, which will tap into the markets of the Arab world, Europe and South Asia, are expected to generate trade worth more than 1 trillion baht. (The Nation, 02/10/23) More
Thailand-Germany relations strengthened at 78th Session of the UN General Assembly Deputy Prime Minister and Minister of Foreign Affairs, met with Minister of State of the Federal Foreign Office of Germany, on the sidelines of the 78th Session of the UN General Assembly on 21 September. The meeting aimed to further strengthen Thailand-Germany relations. Both sides agreed to promote cooperation in trade, climate action, electronic vehicles and hydrogen technology, defense industry, possible negotiation on Schengen visa exemption for ordinary Thai passports. They also exchanged views on regional developments. (Pattaya Mail, 23/09/2023) More
Thai and German airport operators forge alliance AoT and Mitteldeutsche Airport Holding to collaborate on cargo operations and route development. (Bangkok Post, 21/09/2023) More
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'Thailand top destination in SE Asia in the EV and battery space’ As electric vehicles showed high potential for growth in the Southeast Asia region, Pan Asia Metals (PAM), a speciality metals explorer and developer in Southeast Asia, is rolling out its blueprint to be a part of this growth. (The Nation, 30/09/23) More
GWM to make 8 EV models locally Chinese automaker Great Wall Motor (GWM) plans to start making eight electric vehicle (EV) models at its factory in Rayong in the first quarter of next year to serve soaring EV demand, which is expected drive total EV sales in Thailand to 100,000 cars in 2024. (Bangkok Post, 30/09/23) More
Srettha backs vehicle supply chain Prime Minister Srettha Thavisin reaffirmed to the Japanese government that the Thai government will continue to support the production of internal combustion engine (ICE) vehicles for the next 10-15 years to ensure a smooth transition to electric vehicles (EVs). (Bangkok Post, 30/09/23) More
Egco and partners explore clean energy options Electricity Generating Plc (Egco) has several plans to develop clean energy, such as unlocking the power of ammonia and hydrogen as well as harnessing nuclear energy. (Bangkok Post, 30/09/23) More
Thailand EV sales shatter forecasts [Department of Land Transport, BMI] We have revised our electric vehicle (EV) sales forecast for Thailand substantially higher in light of a much better than expected first-half performance, with EV sales totalling 49,319, exceeding our original full-year outlook. We now forecast sales to increase by 151% to reach 80,700 units, compared with a previous prediction of 20.7% growth. (Bangkok Post, 30/09/23) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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Commerce Ministry hopes to ink 3 FTAs by mid-2024 The Commerce Ministry is aiming to finalise Free Trade Agreements (FTAs) with the United Arab Emirates (UAE), Sri Lanka and the European Free Trade Association (ETA) by mid-2024. These agreements, which will tap into the markets of the Arab world, Europe and South Asia, are expected to generate trade worth more than 1 trillion baht. (The Nation, 02/10/23) More
Thailand-Germany relations strengthened at 78th Session of the UN General Assembly Deputy Prime Minister and Minister of Foreign Affairs, met with Minister of State of the Federal Foreign Office of Germany, on the sidelines of the 78th Session of the UN General Assembly on 21 September. The meeting aimed to further strengthen Thailand-Germany relations. Both sides agreed to promote cooperation in trade, climate action, electronic vehicles and hydrogen technology, defense industry, possible negotiation on Schengen visa exemption for ordinary Thai passports. They also exchanged views on regional developments. (Pattaya Mail, 23/09/2023) More
Thai and German airport operators forge alliance AoT and Mitteldeutsche Airport Holding to collaborate on cargo operations and route development. (Bangkok Post, 21/09/2023) More |
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| Legal / HR / CSR / Education / Health |
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Labor Minister announces plan to raise minimum daily wage by year-end Labor Minister Phiphat Ratchakitprakarn has announced plans to increase the daily minimum wage by the end of this year. Factors such as inflation rates, minimum wages across provinces, industry-specific wage variations, and the country’s overall inflation rate will be taken into account. (Pattaya Mail, 01/10/2023) More
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WHA in bid to lure US tech firms to Thailand WHA Corporation, the country's largest developer of built-to-suit logistics facilities, expects Thailand to draw more US tech companies to invest in the country next year as they are interested in seeking business opportunities in Asean. (Bangkok Post, 27/09/23) More
Linde Material Handling Thailand celebrate 30th anniversary of Linde China On August 16, 2023, "Linde China 30th Anniversary Celebration" was held at KION Jinan Factory. Rob Smith, CEO of KION Group, CP Quek, Member of the Executive Board and President & CEO KION ITS Asia Pacific & Americas, and representatives of many Linde China customers and partners attended in the event. More
Sindhorn Kempinski Hotel Bangkok continues its CSR programme 'BE Health' with two activities Sindhorn Kempinski Hotel Bangkok, together with Siam Kempinski Hotel Bangkok are introducing the 'BE Health Online Auction' as part of Kempinski CSR programme. Limited edition 'Nong Sindhorn' is available at the hotel’s reception counter in support of BE Health and Autistic Thai Foundation. More
GERB Insights Workshop: Solutions for Vibration Control in Buildings and Infrastructures 12 October 2023. GERB Thailand is inviting you to the workshop that will provide insights into the variety of vibration isolation solutions available for new construction projects as well as retrofits in densely populated cities. 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 Maximilian Richter
Chamber Representatives Stefan Mattes Siegfried Hans-Juergen Weise |
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Chamber Representatives Stefan Czerwinski Sornluck Sudprasert
Chamber Representatives Vanessa-Alexandra Dandelski Nunnapat Chuenjumlong
Mr. Uwe Wojatzek |
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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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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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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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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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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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