Bank of Thailand (BOT) Assistant Governor Piti Disyatat stated that the current benchmark interest rate of 2.5% is considered resilient to various possible scenarios. He also emphasized the central bank’s commitment to maintaining a stable inflation rate. This decision indicates the BOT’s confidence in the current interest rate to support the country’s economy.

The article highlights that the BOT has decided to hold steady on the interest rate at 2.5%. This decision comes after a careful assessment of the economic conditions and an evaluation of the potential impact on inflation. The central bank’s decision reflects a strategic approach to ensure economic stability and growth while addressing any potential risks that may arise in the future.

Overall, the article underscores the BOT’s determination to uphold a stable inflation rate by maintaining the current benchmark interest rate. This decision is seen as a proactive measure to support the economy and mitigate any uncertainties that may affect inflation. By holding steady on the interest rate at 2.5%, the central bank aims to foster a conducive environment for sustainable economic development in Thailand.

Source link : BOT Holds Steady on Interest Rate at 2.5%

The Tourism Authority of Thailand and Jeollanam-do have teamed up to promote each other’s festivals through a signed Memorandum of Understanding. The goal is to increase tourism and cultural exchanges between the two regions by highlighting Thailand’s Songkran Festival and Jeollanam-do’s Jeongnamjin Jangheung Water Festival. This collaboration aims to attract more visitors and showcase the unique traditions and experiences offered by both events.

The partnership between TAT and Jeollanam-do is significant in showcasing the vibrant and diverse festival traditions of Thailand and South Korea. By working together to promote Songkran and Jeongnamjin Jangheung Water Festivals, both regions hope to attract a larger international audience and foster a deeper appreciation for their respective cultural celebrations. Through this collaboration, visitors can experience the richness and beauty of these annual events and create lasting memories during their travels.

With a focus on boosting tourism and cultural exchanges, the collaboration between TAT and Jeollanam-do represents a significant effort to showcase the best of what Thailand and South Korea have to offer. By jointly promoting the Songkran and Jeongnamjin Jangheung Water Festivals, both regions are aiming to attract more visitors and provide them with unique and unforgettable festival experiences. This Memorandum of Understanding sets the stage for increased collaboration and cooperation in the future to continue highlighting the cultural richness and diversity of both regions.

Source link : TAT and Jeollanam-do jointly promote Songkran and Jeongnamjin Jangheung Water Festivals

Central Bank Digital Currencies (CBDCs) are making progress in Asia, although the pace varies across different countries. The emergence of private crypto assets has prompted many nations to delve into the possibilities of CBDCs. Most countries are still in the research and development stage, while some have advanced to testing and pilot programs.

The development of CBDCs in Asia is seen as a response to the increasing popularity of private cryptocurrencies and the need to modernize financial systems. This shift towards digital currencies is driven by a desire to harness the benefits of blockchain technology while ensuring regulatory control and stability in the financial sector.

While the progress of CBDCs in Asia is at different stages, the overall trend suggests a growing interest and investment in exploring the potential of digital currencies. Countries are recognizing the importance of staying ahead in the global financial landscape by embracing innovative technologies like CBDCs.

Source link : How fast are Central Bank Digital Currencies (CBDCs) progressing in Asia?

The SET Sustainability Forum discussed strategies to empower Thai businesses in navigating uncertainties and fostering robust growth. The forum aimed to accelerate science-based efforts towards achieving net zero targets and promoting long-term resilience. By emphasizing sustainability practices, businesses can take proactive steps towards a more sustainable future.

Highlighted in the article from SET News, the forum focused on propelling the Thai business sector towards a science-based pathway to net zero emissions. By encouraging businesses to adopt sustainable practices, they can contribute to reducing their environmental impact and achieving long-term sustainability goals. This approach not only benefits the environment but also helps businesses reorient towards a more sustainable and resilient future.

With an emphasis on sustainability and science-based solutions, the forum aimed to guide Thai businesses in making informed decisions that promote environmental responsibility and long-term sustainability. By engaging in these discussions and implementing strategies, businesses can play a vital role in driving positive change towards a more sustainable and resilient future.

Source link : SET Sustainability Forum propels Thai business sector towards science-based pathway to Net-Zero (SET News)