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Search Result for “Foreign exchange”

Showing 1 - 9 of 9

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OPINION

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.

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OPINION

Post-Covid headwinds hit the region

Oped, Thitinan Pongsudhirak, Published on 14/10/2022

» As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

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OPINION

Cambodia and Laos in the regional mix

Oped, Thitinan Pongsudhirak, Published on 30/09/2022

» As geopolitical tensions from Russian aggression in Ukraine and the ongoing United States-China rivalry intensify, Southeast Asia will be hard-pressed to maintain peace and security. Despite their relatively small size, Cambodia and Laos are two countries whose political trajectories will shape regional outcomes. While Cambodia has consolidated domestic political power with dynamic economic expansion, Laos is looking like a regional laggard facing a deep debt crisis. As Cambodia moves forward, Laos is at risk of being left behind.

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OPINION

Thailand's murky jab considerations

Oped, Thitinan Pongsudhirak, Published on 08/01/2021

» Thailand is off to an unpromising start in 2021. As the global coronavirus pandemic rolls into its second year, much of the country is gripped by a new wave of Covid-19 infections after nearly nine months of minimal cases. As case numbers have more than doubled in recent days, the fresh wave has revealed the gross incompetence and corruption among Thai authorities. More alarmingly, while other countries are seeing light at the end of the Covid-19 tunnel with expanding vaccination, Thai people's vaccine accessibility and affordability appear murky.

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OPINION

Belt and Road is China's 'manifest destiny'

News, Thitinan Pongsudhirak, Published on 07/09/2018

» No national project of global reach carries as much stake and attracts as much attention as China's Belt and Road Initiative (BRI). Conceived in 2013, the BRI is the colossal brainchild of President Xi Jinping and his government.

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OPINION

Thai geopolitical balancing compromised

News, Thitinan Pongsudhirak, Published on 06/07/2018

» Thailand is demonstrably famous for its foreign policy balancing. From the era of imperialism and two World Wars through the Cold War, Thailand's gifted geography and diplomatic finesse and skill shepherded the country's sovereignty and independence through the thick and thin of geopolitical headwinds. Whatever happens out there, the Thais (and their Siamese forebears) had a way to diplomatically navigate and geopolitically balance their national interests to stay out of harm's way.

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OPINION

Thailand's challenges, lessons from '97 crisis

News, Thitinan Pongsudhirak, Published on 30/06/2017

» It is hard to believe today but Thailand appeared on the verge of economic doom 20 years ago. The culmination of financial sector convulsions, compounded by a currency crisis and reinforced by corruption and cronyism, induced a forced devaluation of the baht on July 2, 1997. Back then, the Thai economy was in dire straits but politics looked promising. It is the opposite today, as macroeconomic conditions have become sound but the political system has reverted to a military dictatorship with doubtful prospects for popular rule.

OPINION

China has global leadership in its sights

News, Thitinan Pongsudhirak, Published on 21/11/2014

» This geopolitical summit season has consolidated ongoing megatrends in international affairs. A still-rising China with global leadership aspirations and a resurgent Russia bent on imperial restoration in view of dysfunction in Western countries will dominate international politics for at least the next 20 years.

OPINION

Generals risk hard landing without policy experts

News, Thitinan Pongsudhirak, Published on 19/09/2014

» Thailand's new military regime has ushered in several major breaks from past traditions since it seized power on May 22. Among them, the role of technocrats is most conspicuous. In the past, when the Thai military was ascendant and resurgent, the role and contribution of technocrats became more wide-ranging and pronounced. The proven relationship between the military and technocracy is crucial to the legitimacy and credibility of ruling generals during military-authoritarian periods.