Showing 1 - 10 of 15
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.
Srettha confronts myriad of challenges
News, Thitinan Pongsudhirak, Published on 22/09/2023
» As the coalition government of Prime Minister Srettha Thavisin gets going, it faces multiple daunting challenges, from public expectations and policy deliverables to the maintenance of political stability.
Global, regional, local trends for 2023
Oped, Thitinan Pongsudhirak, Published on 23/12/2022
» Although economic predictions are usually reserved for the foolhardy, as the future is always difficult to ascertain, there are certain trend lines and probabilities that can be discerned at the global and regional level as well as the local level here in Thailand. As a year-end exercise, we can tease out a few contours with a reasonably high degree of probability.
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.
Endgame dynamics in Russia's war
Oped, Thitinan Pongsudhirak, Published on 01/04/2022
» Five weeks into Russia's invasion of Ukraine, the tables are turning dramatically amidst the fog of war. As the Ukrainians have stood their ground better than anticipated, the Russians have been put on the back foot. The centre of gravity in the war now appears to be shifting eastward away from Kyiv towards Crimea and the Donbas region. As endgame discussions emerge, all major parties in the conflict are behoved to arrive at a viable settlement and common denominator without overplaying their hands.
What happens if Asean shrinks to 9?
Oped, Thitinan Pongsudhirak, Published on 29/10/2021
» It all came down to a choice between marginalisation and irrelevance on the one hand and pragmatism and resilience on the other. At its 38th and 39th leaders' meetings and related summits with dialogue partners, Asean chose to remain relevant. In an unprecedented move with far-reaching ramifications, Asean reduced itself to nine participating members from the normal 10, excluding Myanmar. While this bold manoeuvre derived from necessity rather than initiative, it provides Southeast Asia's bloc of smaller states a small window of opportunity to regain its footing and revitalise its central role in promoting regional peace and stability in Asia.
The trade-off: Freedom and authority
Oped, Thitinan Pongsudhirak, Published on 17/09/2021
» Freedom is a funny thing. In excess, it leads to complacency and devaluation. In scarcity, it brings about urgency and desperation. Put this way, nowhere is freedom more taxed and toyed with than in the United States of America, a country that has so much going for it and yet is so conflicted within.
Asean's declining common denominator
Oped, Thitinan Pongsudhirak, Published on 05/03/2021
» Asean is stuck deeper than ever between a rock and a hard place in view of its political impotence in dealing with the Myanmar armed forces' power grab on Feb 1. In an informal meeting online among its foreign ministers earlier this week, Asean not only failed to come up with common ground to broker a way forward away from the mounting bloodshed in Myanmar but displayed fundamental differences that have lowered the organisation's common denominator to new depths. The implications from Asean's sagging stance is that the pushback against Myanmar's military takeover must be carried out mainly by domestic political forces in the absence of regional effectiveness and with the limitations of global sanctions.
Ruling adds to popular grievances
Oped, Thitinan Pongsudhirak, Published on 04/12/2020
» Anyone who has wondered or insinuated that the student-led protest movement for Thailand's fundamental reforms must somehow be sponsored by some foreign government or politically motivated agents at home need look no further than the Constitutional Court's unanimous decision to clear Prime Minister Prayut Chan-o-cha of violating the 2017 charter by staying in army housing after retirement. In a 9-to-0 verdict, the nine-member bench sided with an army regulation over charter stipulations. The controversial verdict will exacerbate Thailand's political polarisation and add to popular grievances that are backing the student-led reform drive.