Showing 1 - 10 of 151
Srettha Thavisin fell to hidden forces
News, Thitinan Pongsudhirak, Published on 30/08/2024
» Hindsight is likely to place Srettha Thavisin in Thai political annals as a prime minister who tried his best but ultimately succumbed to forces way beyond his control. While his nearly 12-month tenure in office came up short on policy deliverables, it nevertheless reset Thailand's foreign policy projection on Myanmar amid more omnidirectional relations with the major powers.
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.
Uncharted territory and a case of déjà vu
Oped, Thitinan Pongsudhirak, Published on 09/08/2024
» Another dissolution of another election winner should feel old in Thai politics. But what happened to Move Forward Party is not just déjà vu but uncharted territory. Its dissolution fits a recurrent pattern of systematic subversion of democratic institutions in favour of autocratic preferences in disregard of the will of the majority. The Constitutional Court's breakup of Move Forward also breaks new ground that is increasingly taking centre stage in Thailand's political landscape.
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.
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 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.
The Thaksin factor in Thai politics
Oped, Thitinan Pongsudhirak, Published on 15/03/2024
» Thai politics in the near term will likely be dominated by the fate of the two largest vote winners from the general election in May 2023, the Move Forward (MFP) and Pheu Thai parties. While the MFP is at risk of another dissolution, the same as its predecessor Future Forward Party suffered in 2020, Pheu Thai's political future appears to hinge on Thaksin Shinawatra and his return from exile in what is believed to be a deal that follows the assumption of the premiership under Srettha Thavisin, and for Thaksin, a royal pardon and early release on parole.
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.
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.