Showing 1 - 10 of 15
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.
Geopolitical takeaways from SEA meets
Oped, Thitinan Pongsudhirak, Published on 25/11/2022
» Southeast Asia's summit season has come and gone with takeaways that concurrently eased geopolitical tensions and underlined risks that could lead to future global conflict. The three major summits -- the East Asia Summit (EAS) in Phnom Penh, the G20 in Bali, and the Asia-Pacific Economic Cooperation (Apec) in Bangkok -- also demonstrated that the Covid-19 pandemic over 2020-21 has been practically overcome as in-person meetings are back in full force. Overall, the three hosts came away with mixed highlights.
Global politics in dangerous territory
Oped, Thitinan Pongsudhirak, Published on 02/09/2022
» While Russia's profound and transformational invasion of Ukraine on Feb 24 has fundamentally reshaped and reinforced contentious trends and contours in the geopolitics and geoeconomics of Asia, it did not set out a new direction in world politics. The international system had already been unravelling over the past decade, underpinned by the United States-China geostrategic rivalry and competition. Given deteriorating patterns and trends, the international environment is entering dangerous territory where what seemed unthinkable not long ago may soon appear to be very conceivable indeed.
Prayut govt stuck in self-made trap
Oped, Thitinan Pongsudhirak, Published on 02/07/2021
» Thailand's multi-layered crises from persistent virus infections and vaccine shortages to economic damage are building up into a potential political upheaval. The ravaging Covid-19 crisis is worse than the infamous Tom Yum Kung economic crisis in 1997-98. This time, the military-predominant government of Prime Minister Prayut Chan-o-cha is stuck in multiple traps of its own making. Getting out of this predicament means the pandemic situation is likely to get a lot worse before any hope of recovery and way forward can be found.
PM shows he has political resilience
Oped, Thitinan Pongsudhirak, Published on 04/06/2021
» Half-way through his four-year term, Prime Minister Prayut Chan-o-cha has time and again shown his staying power in the face of popular discontent. Despite a subpar economic performance and persistent controversies from his cabinet's incomplete oath of office and a cabinet minister's past drug conviction and imprisonment in Australia to his own house on army premises after retirement, the former army chief, who led the military coup in May 2014 to take over as prime minister, has proved politically resilient.
Government's competence in question
News, Thitinan Pongsudhirak, Published on 24/01/2020
» It's just about official. Despite having a government, Thailand is rudderless. Approaching six years under more or less junta rule and military influence, irrespective of an election last year, this once up-and-coming country has degenerated into an authoritarian-bureaucratic state that is unsuited and unfit to address public grievances and demands of the 21st century. Yet Thailand's biggest problem is that this government, a motley coalition propped up by a crooked constitution and led by former junta chief Prayut Chan-o-cha, intends to stay for the long haul despite its growing incompetence. Unless the Thai people's world-famous patience and tolerance are boundless, political tensions will likely mount in the foreseeable future.
Royal command sets a new balance
News, Thitinan Pongsudhirak, Published on 11/02/2019
» Thailand's political earthquake last Friday has caught observers at home and abroad off guard. Within half a day, Thai politics went through an unprecedented political roller coaster. It all ended with a press release from the royal palace at night, effectively reversing what had taken place in the morning.
Reality sets in three years after the coup
News, Thitinan Pongsudhirak, Published on 26/05/2017
» Three years after it seized power in Thailand's 13th successful coup in 85 years, the government of Prime Minister Prayut Chan-o-cha appears embattled. Growing popular grievances have focused on Thailand's economic doldrums, persistent corruption, intractable polarisation, and a problematic roadmap to return to democratic rule. In addition, a string of mysterious bomb blasts in Bangkok with murky implications has recently undermined the political stability and social calm that the National Council for Peace and Order was supposed to be good at achieving.
Dire airport, culture hub belie 'Thailand 4.0'
News, Thitinan Pongsudhirak, Published on 17/02/2017
» Thailand is prone to policy faddism. Several years ago, the AEC (Asean Economic Community) was all the rage until it officially came into being with a whimper at the end of 2015. Back then, hardly a day went by without some kind of a workshop or conference in Thailand about the AEC. But it all did not add up to much, as Asean today is hardly more economically integrated than it was more than a decade ago when the AEC was conceived. In fact, Asean is more internally divided and beset with more geopolitical tensions and troubles than we have seen in many years. Yet Thailand went head over heels for it until a new fad arrived.
Post-Obama America's 'rebalance' to Asia
News, Thitinan Pongsudhirak, Published on 24/06/2016
» As the United States' presidential election kicks into higher gear with the upcoming nominations of Hillary Clinton and Donald Trump as the Democratic and Republican party candidates vying for top office, Asian countries, and Asean in particular, are concerned about what will happen to outgoing President Barack Obama's "rebalance" (also known as the "pivot") strategy to Asia. The "rebalance" is likely to be a lasting legacy of President Obama's foreign policy accomplishments. It has provided Asian countries from Myanmar and Vietnam to the Philippines with a counterbalance to China's increasing regional footprints. But the future of the rebalance hangs in the balance.