Showing 61 - 70 of 455
Japan is facing a fiscal dilemma
News, Published on 06/02/2023
» Japanese Prime Minister Fumio Kishida recently unveiled an ambitious plan to double the country's defence budget to ¥43 trillion, roughly 2% of Japan's GDP, over the next five years. Notably, the country's massive rearmament programme, its biggest since the end of World War II, has not triggered a political or public backlash. With Japan facing multiple security threats, including North Korean missile tests, Chinese coast-guard ships encroaching on its territorial waters and Russia's militarisation of the disputed Kuril Islands (known in Japan as the Northern Territories), polls show public support for the proposed increase.
Is Asean ready for green hydrogen?
News, Published on 30/01/2023
» Climate change and the energy transition have made research and development (R&D) in clean energy a priority as countries aim to reach net-zero by 2050. Hydrogen has been categorically singled out as a possible source of energy in the not-too-distant future. Indeed, hydrogen has been widely used in many applications, including in refining ammonia and petroleum, and the production of methanol and synthetic fuels which have more emissions. These applications accounted for more than 93% of global hydrogen consumption in 2020.
Putting a dampener on Thai recovery
Oped, Chartchai Parasuk, Published on 26/01/2023
» After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the Russia-Ukraine war. These negative factors prompted the World Bank to revise its global economic growth prospects downward from 3.0% to 1.7% for 2023. The key point is a marked slowdown from 2.9% growth in 2022.
Economic risks to watch out for in 2023
Oped, Chartchai Parasuk, Published on 29/12/2022
» The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.
Time to make the most of deglobalisation
Oped, Published on 22/12/2022
» After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation. Initially driven by wealthy countries -- namely, the US under former President Donald Trump and the UK following the Brexit referendum -- several geopolitical forces have combined to accelerate the shift toward deglobalisation.
Uncertainty ahead for Thai economy
News, Kirida Bhaopichitr, Published on 21/12/2022
» The Thai economy will face many headwinds but also tailwinds next year, mainly from the global economy and geopolitical tensions. In 2022, the Thai economy slowly recovered from the Covid pandemic as lockdowns ended and the economy was reopened to international travel.
B600 minimum wage is quite doable
Oped, Chartchai Parasuk, Published on 15/12/2022
» The most debated economic topic of the month must be Pheu Thai Party's campaign promise to raise the minimum wage to 600 baht per day by 2027, from the current minimum wage of 354 baht.
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.
Xi's visit to Bangkok: East wind blowing
Oped, Kavi Chongkittavorn, Published on 15/11/2022
» Thai government this week will welcome Chinese President Xi Jinping with three understandings at the forefront of its mind, namely that now is the Asian Century; that China is the undisputed leader; and that Thailand-China ties are consequential to peace and stability in the region. Thailand will do its utmost to further strengthen bilateral ties with China in anticipation of the 50th anniversary in 2025 and beyond.
Trussonomics: No better than 'liberty' lettuce
Oped, Published on 29/10/2022
» Following the brutal market backlash against her plans for unfunded tax cuts and tens of billions of pounds in additional spending, Liz Truss resigned as British prime minister, succeeded by her Tory rival, Rishi Sunak. The international media is now struggling to make sense of it all, but the task may be impossible. I have been working at it for over a decade and remain perplexed.