• OPINION

  Handout difficult without BoT's help

  Oped, Chartchai Parasuk, Published on 18/04/2024

  » The purpose of this article is to educate the public about the real issue of the digital wallet scheme. The issue is not "HOW to get the 500 billion baht?" but "Is there 500 billion baht AVAILABLE to be borrowed?"

• OPINION

  2024 financial crisis may be a silent one

  Oped, Chartchai Parasuk, Published on 04/04/2024

  » When an economy faces a financial crisis, it can create a big bang like the mass collapse of financial institutions such as during the Great Depression of the 1930s, the Thai Tum Yum Kung crisis of 1997, the Japanese financial crisis in late 1997, and the US Hamburger crisis of 2008.

• OPINION

  Structural flaws impede our economy

  Oped, Chartchai Parasuk, Published on 21/03/2024

  » It took Japan 17 years to learn that a macroeconomic policy is for stabilising an economy, not stimulating growth. Due to low economic growth in the "lost decade" following the financial crisis in the autumn of 1997, the Bank of Japan adopted an unthinkable monetary policy of a negative interest rate in 2007 by pushing the short-term policy rate down to -0.1%.

• OPINION

  Time to stop making empty promises

  Oped, Chartchai Parasuk, Published on 07/03/2024

  » The Nikkei 225 Index just broke 40,000, surpassing the record high of 1989. The stellar stock market performance happened amid the fact that Japan's economy is officially in recession after two consecutive quarters of negative GDP growth.

• OPINION

  BoT is absolutely right in holding rates

  Oped, Chartchai Parasuk, Published on 22/02/2024

  » The whole country -- the government, its economic agencies, private economic research houses, the private sector, and academics -- is accusing the Bank of Thailand (BoT) of being stubborn for refusing to lower interest rates to support the weak economy, aka, the economy in crisis.

• OPINION

  Financial crisis looms over Thailand

  Oped, Chartchai Parasuk, Published on 25/01/2024

  » The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.

• OPINION

  Will foreign investors still be wooed?

  Oped, Chartchai Parasuk, Published on 28/12/2023

  » This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.

• OPINION

  2024 GDP forecast is wishful thinking

  Oped, Chartchai Parasuk, Published on 14/12/2023

  » If one thinks 2023 was a not-so-good year for the Thai economy because GDP growth is likely below 2%, 2024 could be worse owing to three major economic risks: liquidity inadequacy, high gasoline price, and high electricity cost.

• OPINION

  Dear Santa: Please send $14 billion

  Oped, Chartchai Parasuk, Published on 02/11/2023

  » What Thailand needs is money, money -- and money. The government needs 560 billion baht to run its 10,000 baht cash handout programme next year, and the country needs (at least) 420 billion baht to prevent the 4th quarter economy from collapsing.

• OPINION

  Better options to govt's cash handout

  Oped, Chartchai Parasuk, Published on 19/10/2023

  » The 10,000-baht cash handout scheme has been under heavy criticism. More than 100 economists, led by two ex-Bank of Thailand governors, oppose the scheme that would bring more harm than good.

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