19/10/2023
20/10/2023
21/10/2023
21/10/2023
27/10/2023
27/10/2023
03/11/2023
09/11/2023
09/11/2023
11/11/2023
15/11/2023 [Save the date] STCC Multi Chambers Networking Night
16/11/2023
For more events, please click HERE |
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Evaluating the impact of war The expected war in Gaza is likely to have a ripple effect on energy prices and affect other trade partners in the region. (Bangkok Post, 16/10/2023) More
Fluctuating crude oil, gold prices bolster Thai baht Rising concern over the Israel-Hamas conflict and subsequent risks is helping bolster the Thai baht, which opened stronger on Monday at 36.19 to the US dollar. (The Nation, 16/10/2023) More
Most want B10,000 digital wallet scheme implemented but fear consequences: poll A huge majority of people want the Pheu Thai-led government to go ahead with the 10,000-baht digital wallet scheme as planned although some of them worry it could turn out to be damaging, according to an opinion survey. (Bangkok Post, 15/10/2023) More
Bank of Thailand predicts 2024 growth of 4.4% The Bank of Thailand has maintained its GDP growth forecast for next year at 4.4%, inclusive of the government's economic stimulus measures, says assistant governor Piti Disyatat.(Bangkok Post, 12/10/2023) More
GDP growth target remains elusive The government led by Prime Minister Srettha Thavisin has set an ambitious target to raise annual GDP growth to 5%.(Bangkok Post, 9/10/2023) More
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| Mazars Technical Update - Sept 2023 |
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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
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GTCC YOUNG PROFESSIONALS NETWORK EVENING |
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| Companies & Industrial Sectors |
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BMA ready to pay debt related to Green Line extensions The Bangkok Metropolitan Administration (BMA) is ready to pay off the debt for the BTS Skytrain Green Line extensions, and is preparing to pay the first instalment of the 22 billion baht owed. (The Nation, 16/10/2023) More
Ministry allots B600m for tourism The Tourism and Sports Ministry plans to use 600 million baht from its central budget to promote the tourism industry during the high season as fiscal 2024 budget disbursement is expected to be delayed until April next year. (Bangkok Post, 13/10/2023) More
Governments moving into post-digital era: Gartner says After more than 20 years of digital technology investments, it is time for government organisations to prepare for the time when digital transformation is no longer a driver for change, technological research and consulting firm Gartner has warned. (The Nation, 11/10/2023) More
Motorcycle production projected to rise in Q4 Stronger demand for motorcycles is expected to increase Thai manufacturing in this year's final quarter, as the sector struggles with sluggish sales, says the Federation of Thai Industries (FTI). (Bangkok Post, 4/10/2023) More
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GTCC AFTERWORK BRIEFING & NETWORKING |
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Indonesia seeks investors to develop new capital The Indonesian government is rolling out incentives to attract Thai companies to invest in its new capital city, Nusantara. Between 2017 and 2022, Thai investors poured US$ 1.52 billion (about 54.2 billion baht) in about 1,500 projects across Indonesia, said the Deputy for Finance and Investment in the Nusantara National Capital Authority. (Bangkok Post, 17/09/2023) More
Singapore-Thailand economic relations: Bilateral trade reaches S$42.1 billion in 2022 Singapore and Thailand have a “very substantive” relationship with strong economic, defence and people-to-people links, said Singaporean Prime Minister. (The Business Times, 12/10/2023) More
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Second phase of scheme promotes biomass crops Authorities are preparing for the second phase of the "Energy for All" renewable scheme, aiming to encourage farmers to grow "energy crops" to serve power plants that are expected to have electricity generation capicty of 200 megawatts. (Bangkok Post, 13/10/2023) More
Proton-Geely JV eyes electric vehicle factory in Thailand A joint venture between Malaysian automaker Proton and Chinese carmaker Geely is looking to set up an electric vehicle (EV) factory in Thailand, Thai Prime Minister Srettha Thavisin said. (The Business Times, 11/10/2023) More
Smart ID Group launches portable EV charger Smart ID Group, a leading manufacturer of electronic devices under the Anitech brand, has launched the first portable electric vehicle (EV) charger produced in Thailand to cash in on the market potential. (Bangkok Post, 6/10/2023) More |
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GTCC BUSINESS & STUDY TRIP TO GERMANY |
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R&D investment sought to fuel EV momentum Thailand will provide incentives and tax breaks for carmakers setting up electric vehicle research and development centres, as it seeks to build on early success as a regional EV frontrunner, according to BOI. (Bangkok Post, 12/10/2023) More
European milk makers eye Thailand exit over Australia, New Zealand rivals’ tariff advantages European milk producers based in Thailand have called on Bangkok to cut its tariffs on dairy imports or face an exodus of their operations to other Asean member states and job losses in the domestic sector. (South China Morning Post, 9/10/2023) More
Thai Government Aims to Finalize Three FTAs by Mid-2024 The Thai Ministry of Commerce has announced that efforts are underway to finalize three Free Trade Agreements (FTAs) by the middle of next year. According to the Ministry, these include FTAs with the United Arab Emirates (UAE), Sri Lanka, and the European Union. (NNT, 4/10/2023) More |
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| Legal / HR / CSR / Education / Health |
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Thailand Tax – Foreign-sourced income to become taxable from 2024 On 15 September 2023, the Revenue Departmental instruction number Paw. 161/2566 (“DI. Paw. 161”) was issued, which provides a new interpretation of the personal income tax treatment of foreign-sourced income derived by a Thai individual tax resident under the Revenue Code (the "Code"). (Mazars in Thailand) More
Push to monitor product standards The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, says the Federation of Thai Industries (FTI). (Bangkok Post, 16/10/2023) More
Ministries access land and building tax The Finance and Interior ministries are jointly assessing problems and obstacles related to the enforcement of the 2019 Land and Building Tax Act. (Bangkok Post, 16/10/2023) More
Thailand reports surge in mergers over past 5-year frame The Trade Competition Commission of Thailand (TCCT) recently released comprehensive data on business mergers that have taken place in the country from 2019 to 2023. (The Nation, 14/10/2023) More
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Rhenus Regional HQ Opening in Bangkok Rhenus, the leading global logistics specialist from Germany recently moved its regional headquarters to vibrant Bangkok, symbolising the company’s aspirations to solidify its foothold in APAC. More
SSI Schaefer Thailand leading the way to embracing automation at LogiMAT | Intelligent Warehouse 2023 25-27 October 2023. SSI Schaefer will showcase its commitment to innovation with a central focus on the theme, "Build Your Dream Warehouse with Us”. The three-day event will also feature seminars and discussions led by logistics automation experts. More
GTCC members' promotions Check out GTCC members' special offers on accommodation, restaurant / food delivery, and other services. 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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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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