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  • OPINION

    Take economic data with a grain of salt

    News, Chartchai Parasuk, Published on 07/11/2019

    » Originally, I planned to write an article titled "Albert Einstein and baht exchange rate". Then I said to myself, "Nope, let's not write another serious article this week". So, I decided to go for a lighter one about international rankings and ratings which the government often cites to reiterate that the Thai economy is in good shape. I never have understood why governments like to do this. Nobody cares about these figures. They care about their businesses, their jobs and their debts.

  • OPINION

    When honesty really is the best policy

    News, Chartchai Parasuk, Published on 24/10/2019

    » The International Monetary Fund (IMF), my alma mater, appointed a new chief on Oct 1. The new Managing Director, Kristalina Georgieva, suddenly changes the "everything is okay" view on the world economy to "the world is about to collapse".

  • OPINION

    How to survive the economic winter

    News, Chartchai Parasuk, Published on 10/10/2019

    » Last week I received a touching letter from one of my readers thanking me for writing informative articles. The reader also expressed concern about the future economically and wondered how to adjust to the increasingly risky situation. Therefore, I feel it should be my duty to suggest investment options, lifestyle adjustments and career choices for the upcoming economic winter.

  • OPINION

    Fresh QE won't stop global recession

    News, Chartchai Parasuk, Published on 26/09/2019

    » I have to apologise because this article will not be easy to read. I will try my best to explain things in the simplest way possible. However, global financial issues are difficult and complex in nature. If you feel that you do not want to be bothered with the complexity of the issue, I will give the conclusions of today's article now.

  • OPINION

    Is it all the Bank of Thailand's fault?

    News, Chartchai Parasuk, Published on 12/09/2019

    » Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.

  • OPINION

    Don't bet on stimulus saving economy

    News, Chartchai Parasuk, Published on 29/08/2019

    » You may have read elsewhere that the government's new 316-billion-baht economic stimulus package will not work. I second those opinions but for totally different reasons.

  • OPINION

    HK protest stems from economic plight

    News, Chartchai Parasuk, Published on 15/08/2019

    » My column today was supposed to be an analysis of the Thai economic outlook for the remaining half-year of 2019. However, the ongoing massive upheaval in Hong Kong changed my mind.

  • OPINION

    Economy faces 4 key hurdles this year

    News, Chartchai Parasuk, Published on 01/08/2019

    » The first half of 2019 has already passed and it is a well-known fact that the Thai economy is not in good shape. GDP growth has plummeted from 3.7% in the last quarter of 2018 to 2.8% in the first quarter of this year. Although second-quarter GDP growth will be officially announced soon, raw economic data from April to June indicates a weaker second quarter, particularly in the areas of exports and tourism.

  • OPINION

    Online trading spells massive job losses

    News, Chartchai Parasuk, Published on 18/07/2019

    » By writing about Sampheng, Bangkok's premier wholesale market, this column does not want to stress the weakness of the economy. It is pointless to keep whining about the sluggishness of the economy as it is already a well-known fact. Even the government can see the true picture of the economy by simply looking at its tax revenues. Poor-performing businesses do not pay taxes and jobless people also do not pay taxes.

  • OPINION

    Could the baht strengthen even further?

    News, Chartchai Parasuk, Published on 04/07/2019

    » Just the other morning before I woke up, I dreamed that I was in line at a bank waiting to change my Thai baht into US dollars for an overseas trip. Once I got to the teller, she told me that today's baht-to-dollar exchange rate was 25.8 and asked how many dollars I wanted. I asked her to repeat the exchange rate again and she confirmed the rate of 25.8 baht to the dollar. I told myself that this must be a dream, and I woke up.

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