Showing 1 - 10 of 154
Thai politics has turned upside down
Oped, Thitinan Pongsudhirak, Published on 23/08/2024
» The rise of Prime Minister Paetongtarn Shinawatra and the return -- and re-entry, of her father, Thaksin Shinawatra, have turned Thai politics upside down. On the surface, Mr Thaksin still dominates Thai politics nearly 20 years after he was deposed by a military coup and exiled for most of that period. This time, his political power and influence are being exercised through his daughter Ms Paetongtarn. As the Shinawatra clan has been coopted by its former establishment adversaries, the past two decades of periodic elections, street protests, two military coups, two constitutions, and multiple judicial bans on political parties and elected politicians have entered a new chapter.
Thailand's era of economic stagnation
Oped, Thitinan Pongsudhirak, Published on 05/07/2024
» After two decades of political instability and turmoil, it was a matter of time before the Thai economy would exhibit signs of distress and desperation. For decades, the Thai economy has proved resilient with an uncanny knack for bouncing back. But Teflon Thailand may have become a thing of the past. Headlines on the Thai economy have been heading south precipitously. Unless fundamental political reforms take place, Thailand will likely enter a period of low and plateaued growth with risks of grinding stagnation.
Move Forward case reveals autocracy
Oped, Thitinan Pongsudhirak, Published on 07/06/2024
» The Constitutional Court's announcement that it will consider the Move Forward Party's (MFP) written defence in its dissolution case on June 12 appears ominous. After several attempts to make its argument that a campaign pledge to amend the lese majeste law against royal insult is not tantamount to "overthrowing Thailand's democratic regime with the King as head of state", the party's time is up. As the biggest election winner in May 2023, the MFP's dissolution is perceived as a foregone conclusion. Such a revelation might risk Thailand being perceived as an autocratic regime based on legal manoeuvres, and power plays that do not derive from voter preferences.
Thailand between the US and China
Oped, Thitinan Pongsudhirak, Published on 29/03/2024
» Amid what now has to be acknowledged as a direct non-military conflict and a geoeconomic war of sorts between the United States and China, Thailand is in a quandary. While characterising Thailand's geostrategic dilemma as a US-China binary can be exaggerated and misleading, it does have a point. As with many other developing countries in the region, Thailand will come under increasing pressure to choose between the two competing superpowers. The ability not to choose thus becomes an overarching geostrategic objective.
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.
Myanmar revolts against dictatorship
Oped, Thitinan Pongsudhirak, Published on 02/02/2024
» When Myanmar's military coup took place three years ago, few thought it would turn out this way. Never has a military in Southeast Asia staged a successful coup and then failed to consolidate power afterwards. Yet this is precisely what's happening in Myanmar. A fierce and determined coalition of resistance forces is in the process of prevailing over Myanmar's battle-hardened army.
No losers, two winners in Taiwan poll
Oped, Thitinan Pongsudhirak, Published on 26/01/2024
» Among elections in Asia this year, Taiwan's is no less consequential, not just for the island country's political future but also for the United States-China rivalry and broader geopolitics. In the event, the results from the Jan 13 general election in Taiwan ended up with no major losers among the main contenders and two big wins for democracy in Asia and the geopolitical status quo.
Deja vu as charter court weighs MFP ban
Oped, Thitinan Pongsudhirak, Published on 12/01/2024
» It is déjà vu in Thai politics this month as Thailand's biggest elected political party and its leader face Constitutional Court verdicts that could lead to a familiar dissolution and ban. At issue is the political future of Pita Limjaroenrat and the fate of the Move Forward Party (MFP), which he led to a stunning victory at the election last May. However the verdicts come out, they might be perceived by pundits as decided by the political winds of the day.
Japan's dilemmas need bold answers
Oped, Thitinan Pongsudhirak, Published on 03/11/2023
» Among the big countries vying for power and influence in the fluid and contentious geostrategic arena, Japan faces the most daunting challenges. Most of the recognised major powers in Asia, from China and India to Indonesia and South Korea, are rising and aspiring for bigger roles and grander objectives, while Japan's place in the global pecking order has been in decline. The last time Japan had to confront such an existential threat to its place in the world may have been in the 1860s when the Western powers shook up and threatened to take over the isolated and inward-looking martial society.