Showing 31 - 33 of 33
Covid success coming at a heavy price
Oped, Thitinan Pongsudhirak, Published on 17/07/2020
» It was a matter of time before the government of Prime Minister Prayut Chan-o-cha became a victim of its own misguided success in handling the coronavirus pandemic. By presiding over a public mindset of "zero" local virus infections, the government raised unrealistic expectations at a high price. The fiasco that transpired in Rayong last week, when an infected Egyptian air force official was allowed to roam in a shopping mall and thereby fuelled fears of "second wave" infections, should serve as a wake-up call for an overdue change in virus-fighting strategy.
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.
Thailand's strategic path is rudderless
News, Thitinan Pongsudhirak, Published on 19/06/2020
» As the coronavirus pandemic continues to wreak havoc worldwide, domestic tension and pressure will compel three broad responses from the various afflicted countries. First, these countries may react to virus-induced domestic challenges by blaming and taking it out on outsiders. Alternatively, they may be so preoccupied at home that they become marginalised abroad. In other instances, countries that have coped effectively with Covid-19 will be able to regain their footing faster and move on sooner as the rest of the pack remains bogged down in acrimony and discord.