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Cabinet shuffle unlikely to kickstart growth
News, Sawai Boonma, Published on 05/08/2015
» As the economy continues to stagnate, speculation is getting more intense as to when the prime minister will replace some - or perhaps all - ministers in charge of the economy. Changing personnel may pacify the critics, but it is unlikely to change anything for the better. Both external and internal factors are working against any possibility of achieving robust growth in the near future.
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Somkid's stimulus plan an invitation to more debt
News, Sawai Boonma, Published on 02/09/2015
» The cabinet on Tuesday endorsed the emergency economic stimulus package proposed by the new team under the leadership of economic czar Deputy Prime Minister Somkid Jatusripitak.
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An end to wasteful spending is the key to real reform
News, Sawai Boonma, Published on 03/09/2014
» The National Legislative Assembly is considering a 2.57-trillion-baht budget for the next fiscal year proposed by the National Council for Peace and Order (NCPO). This budget will incur a national deficit of 250 billion baht. Members of the National Reform Assembly — the body charged with spelling out reforms to be undertaken in 11 areas stipulated by the NCPO — have not yet been selected, so how the new budget will be adjusted to accommodate the changes is not clear. If the government is serious about its reform it must start during the coming fiscal year. That should lead to a lower deficit than projected.
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Debt aside, economy looks a lot like Greece's
News, Sawai Boonma, Published on 01/05/2013
» When the current eurozone crisis reached Greece, many Thais asked whether what was happening over there could happen here.
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Healthy GDP does not mean healthy people
News, Sawai Boonma, Published on 02/05/2012
» Last week, when I first saw the BBC news headline, "Population and consumption key to future, report says," I thought, "Here we go again." And it has panned out just the way I thought it would.
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