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Search Result for “$8 billion”

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OPINION

The global politics of virus vaccines

Oped, Thitinan Pongsudhirak, Published on 11/09/2020

» It is clear now that Thailand's de facto strategy for handling the coronavirus pandemic is to minimise local infections and wait for a safe and effective vaccine. The recent discovery of just one Thai in a Bangkok suburb who tested positive sent the country into near-panic mode after 100 days of zero local transmissions, similar to the case of an Egyptian military official who visited Rayong province in July and tested positive thereafter.

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OPINION

Undue politicisation at finance and BoT

Oped, Thitinan Pongsudhirak, Published on 03/07/2020

» Thailand's economic growth projections continue to head south as the coronavirus crisis unfolds in the second half of the year. In its most recent forecast, the Bank of Thailand anticipates a sharp contraction of 8.1% this year, worse than the 5.3% it predicted in March. Downside macroeconomic risks are substantial as the Covid-19 pandemic could still degenerate and cause further global health and economic havoc. In this dire environment, Thailand will need steady and seasoned hands to oversee macroeconomic levers. Yet both the finance ministry portfolio and the BoT governorship now face uncertainty and potential politicisation that bode ill for effective and autonomous fiscal and monetary policies.

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OPINION

Geoeconomic implications of Covid-19

Oped, Thitinan Pongsudhirak, Published on 26/06/2020

» The longer the coronavirus pandemic wends its way around the world, the more it takes on permanent features. As case infections still persist virulently, especially in the US, Brazil, Russia and India, states, societies and individuals are being forced to make adjustments. There will be winners and losers in the geoeconomic competition for market shares and supply chains. Those with more effective public health systems will stand in good stead with opportunities to re-emerge less scathed and better positioned to carry on, whereas others with less adequate health infrastructure will face more risks and disadvantages. For the first time in generations, health security has become the main determinant in the fate of nations and peoples.

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OPINION

Misguided myopia of asking the rich

Oped, Thitinan Pongsudhirak, Published on 24/04/2020

» Prime Minister Prayut Chan-o-cha's initiative to seek more cooperation and assistance from Thailand's 20 wealthiest billionaires is understandable. Thailand needs all the help it can get to handle and manage the social and economic ravages of the coronavirus (Covid-19) crisis. But making an appeal in writing from the top to the country's richest is short-sighted and misguided on many levels. It displays a government at the end of its tether and a leader who is being forced to own up to mismanaging the country for the past six years.

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OPINION

Moral dilemmas of handling the virus

Oped, Thitinan Pongsudhirak, Published on 03/04/2020

» It is hard to calibrate a commensurate response to the coronavirus (Covid-19) pandemic. Owing to the lack of accurate and reliable information, a media feeding frenzy and the mass psychology of fear, the choice has become all or nothing, not much in between. Individuals, societies and states worldwide are now incentivised to overdo it and err on the side of caution, being safe rather than sorry. This means that the likelihood of "overshooting" with Covid responses is likely to heighten in the foreseeable future in view of morally unacceptable alternatives.

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OPINION

The anatomy of a very tricky election

News, Thitinan Pongsudhirak, Published on 29/03/2019

» Thailand's first election in nearly eight years was supposed to bring some closure to a self-appointed military government and clarity to the country's democratic future. Instead, it has generated much controversy and probable continuity for the incumbent military regime with murky political directions ahead. Central to the questions and outcomes surrounding the poll on Sunday is the Election Commission (EC). Its actions and interpretations of events will have much to say about what happens next.

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OPINION

Prospects after Cambodia's fabricated poll

News, Thitinan Pongsudhirak, Published on 27/07/2018

» While Thailand has a seemingly indefinite military government with no clear poll date, Cambodia is holding an election on July 29 with a foregone conclusion. After methodically taken apart oppositional forces, the incumbent government of Prime Minister Hun Sen, under the Cambodian People's Party (CPP), is set to win a landslide. At issue now will be what happens after the election. At least three dynamics are in play. How they intersect and enmesh will determine Cambodia's political future.