Showing 1 - 10 of 37
Reshuffle cements Srettha's grip
News, Thitinan Pongsudhirak, Published on 06/05/2024
» After eight months at the helm, Prime Minister Srettha Thavisin staged a much-anticipated cabinet reshuffle with unexpected drama and unsurprising consolidation. As head of a coalition government, Mr Srettha appears more "prime ministerial" as the reshuffle has strengthened his hand to implement the ruling Pheu Thai Party's flagship policies.
Thailand's central bank dependence
Oped, Thitinan Pongsudhirak, Published on 23/02/2024
» To proponents of central bank independence, the ongoing friction between Prime Minister and Finance Minister Srettha Thavisin and Bank of Thailand Governor Sethaput Suthiwartnarueput appears straightforward. The prime minister is putting unwarranted and unfair pressure on the central bank governor to spur the economy by loosening monetary policy and cutting interest rates. Yet, on closer scrutiny, the entrenched politicisation of central banking in Thailand may suggest otherwise. There is more than meets the eye in the politics of interest rate cuts.
Digital wallet should be implemented
Oped, Thitinan Pongsudhirak, Published on 16/02/2024
» The big debate in Thailand's current economic policy planning is whether the economy is facing a crisis or not. The government of Prime Minister Srettha Thavisin, who doubles as finance minister, has contended that there is an economic crisis in dire need of both monetary policy loosening and fiscal stimulus, particularly the 500-billion-baht digital wallet scheme. The Bank of Thailand, supported by a clique of economists apparently critical of the government's "populist" policy measures, asserts otherwise that an economic recovery is in progress without the need to lower the benchmark repurchase rate.
Thailand's semi-democracy faces risks
Oped, Thitinan Pongsudhirak, Published on 15/12/2023
» The government of Prime Minister and Finance Minister Srettha Thavisin has settled into an uneasy balance between the civilian-led majority forces that represent the Thai electorate and the royalist-conservative minority guardians of the established centres anchored around the monarchy, military, judiciary, and bureaucracy.
Thailand's semi-democracy returns
Oped, Thitinan Pongsudhirak, Published on 01/12/2023
» The appointment of Gen Prayut Chan-o-cha as privy councillor has neatly bookended Thai politics over the past decade. It coincides with the 10-year anniversary of the street demonstrations that were led by the People's Democratic Reform Committee, paving the way for Gen Prayut to stage a military coup in May 2014. While the interim was a period of hard and soft military-authoritarian rule in 2014-19 and 2019-23, the new moving balance in Thai politics is a semi-democracy of sorts under the Pheu Thai Party-led coalition government.
The fault line that polarises Thai politics
Oped, Thitinan Pongsudhirak, Published on 07/04/2023
» With all of Thailand's contesting political parties lined up behind populist policy platforms ahead of the general election on May 14, it is not readily obvious what sets them apart.
Stakes and meanings of the 2023 poll
Oped, Thitinan Pongsudhirak, Published on 17/03/2023
» For all intents and purposes, Prime Minister Prayut Chan-o-cha will not call an early election and will practically use up the full four-year term before dissolving the Lower House. Calling an early poll is often a sign of confidence and stability while putting it off to the last minute can be seen as timid and desperate. Nevertheless, the good news is that Thailand will have an election soon. The broader stakes and meanings of the upcoming poll are as follows.
Next poll brings highest stakes, risks
Oped, Thitinan Pongsudhirak, Published on 09/12/2022
» In the face of the myriad of questions and issues that beset Thai politics in the lead-up to the general election, which must be held by May 7, the biggest facts and dilemmas are not being raised. Prime Minister Prayut Chan-o-cha is now headed to complete nine years in office, the first five of which were under a military government after he and his cohorts seized power by force in May 2014, and the last four under an elected coalition government enabled by the 2017 constitution crafted by a committee the ruling generals had set up. Moving forward, Thailand risks settling into a prolonged period of economic stagnation and political decay unless there is a qualitative change of government after the poll.
Early implications of Russia's invasion
Oped, Thitinan Pongsudhirak, Published on 04/03/2022
» Just one week after his military invasion of Ukraine, Russian President Vladimir Putin has found some truisms of warfare the hard way. Once war starts, the fog that accompanies it and the friction that it creates lead to unanticipated and unintended outcomes. Russia's war of aggression against Ukraine, borne out of choice rather than necessity, appears to be dragging on, not the short and swift victory Mr Putin and his military planners might have envisaged. While Russia may still triumph on Ukrainian battlefields, it has lost the war just about everywhere else.
Japan's post-Covid regional dilemma
Oped, Thitinan Pongsudhirak, Published on 21/01/2022
» Among the major powers that are moving forward with an eye on the post-pandemic era, when Covid-19 will eventually become an endemic with flu-like manageability, Japan is second to none. The visit last week by its minister of economy, trade, and industry (METI), Koichi Hagiuda, made front-page news in Bangkok, following similarly notable media coverage in Jakarta and Singapore. But while it has played a critical role in Asean's economic development and regional security, Japan's Indo-Pacific geostrategic environment has become adverse with more downside risks.