The Bank of Thailand has defied pressure from Prime Minister Srettha Thavisin to lower its benchmark interest rate, opting to keep it at 2.50%. The decision comes in the face of repeated calls from the Prime Minister to cut rates in order to stimulate the economy. Despite this, the bank has upheld its position and maintained the interest rate at its current level.

The bank’s decision to stand firm against political pressure demonstrates its commitment to its monetary policies. This move suggests that the bank is prioritizing long-term economic stability over short-term political demands. By maintaining the current interest rate, the Bank of Thailand aims to support the overall health and resilience of the economy.

Source link : Bank of Thailand withstands political pressure, keeps rate unchanged at 2.5%

Thailand experienced the largest surge in consumer gold demand within the ASEAN markets in 2023, largely attributed to the devaluation of the local currency. The country reported the highest growth in consumer gold demand, outpacing other markets in the region. This trend reflects a strong preference for gold as a hedge against economic instability and currency depreciation in Thailand. The impressive growth in consumer gold demand underscores the significance of gold as a safe-haven asset in the region.

The 2023 consumer gold demand in Thailand outstripped that of other ASEAN markets, signaling a strong preference for gold as a reliable investment option. The surge in demand is largely attributed to the depreciation of the local currency, prompting consumers to turn to gold as a safeguard against economic instability. This growth underscores the enduring appeal of gold as a safe-haven asset in the region, especially during times of currency devaluation and market volatility.

Thailand’s consumer gold demand in 2023 experienced the largest increase among ASEAN markets, reflecting a growing reliance on gold as a means of securing wealth amid economic uncertainty. The depreciation of the local currency drove this trend, as consumers sought to protect their assets from fluctuating exchange rates. This surge underscores the enduring popularity of gold as a reliable investment choice in Thailand and highlights its significance as a safe-haven asset in the ASEAN region.

Source link : Thailand reports strongest 2023 consumer gold demand growth in ASEAN market

Thailand’s industrial output declined by 5.1% in 2023 as a result of the slow domestic economy recovery, trade partner slowdown, and high household debt. Despite this, the export of industrial goods continued to grow. These factors led to a contraction in the country’s industrial output for the year. The article was originally published with the title “Thailand’s Industrial Output Contracted by 5.1% In 2023” and provides insight into the economic challenges faced by Thailand’s industrial sector during that year.

Source link : Thailand’s Industrial Output Contracted by 5.1% In 2023

WorkVenture recently unveiled its “Top 50 Companies in Thailand 2024” list at a gala dinner, with Google securing the top spot as the most sought-after employer for the sixth consecutive year. The rankings are based on factors such as workplace environment, employee benefits, and career development opportunities. Other companies that made the list include Agoda, PwC, and SCG.

The annual list released by WorkVenture serves as a valuable resource for job seekers and professionals looking for career opportunities in Thailand. Google’s consistent position as the most desirable employer in the country speaks volumes about its reputation and appeal among job seekers. The rankings highlight the importance of companies prioritizing employee satisfaction and creating a positive work culture.

The recognition from WorkVenture reaffirms Google’s standing as an attractive employer in Thailand, acknowledging its efforts in offering a rewarding work environment and opportunities for career growth. The list serves as a useful guide for job seekers in Thailand, providing insight into the most desirable companies to work for and the opportunities they offer.

Source link : Google ranked as most desirable employer in Thailand