Showing 1 - 10 of 23
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.
Tolerating populism for democracy
Oped, Thitinan Pongsudhirak, Published on 13/10/2023
» The so-called “super deal” in August that resulted in the return of Thaksin Shinawatra and the formation of the Pheu Thai Party-led coalition government under Srettha Thavisin evidently has its limitations. It appears to be rejected by sections of the conservative old guard who still wants to resort to extra-parliamentary ways and means to undermine Thailand’s delicate parliamentary democracy. Reminiscent of past protests against Mr Thaksin’s brand of populism, a new round of extra-parliamentary political movement has begun in earnest with the petition launched by 99 prominent economists, including former central bank governors, against the Srettha government’s 10,000-baht digital wallet policy.
What's next for post-Thaksin Thailand?
Oped, Thitinan Pongsudhirak, Published on 08/09/2023
» The formation of a new coalition government under Prime Minister Srettha Thavisin has closed a two-decade chapter in Thai politics.
The tide of history shifts in Thai politics
Oped, Thitinan Pongsudhirak, Published on 02/06/2023
» Notwithstanding the ongoing political shenanigans by appointed agencies to shape final outcomes after the May 14 poll, Thailand already will never be the same again. The Move Forward Party's (MFP) victory as the largest winning side, with 151 out of 500 parliamentary seats, is profound but not unprecedented. Together with the Pheu Thai Party's 141 MPs, these two opposition parties are unwittingly sending a message to each other and to the broader political establishment that the curve of Thai history is shifting tectonically. Failing to grasp and adjust to this evolving tide of history could marginalise Pheu Thai and challenge the establishment to its core foundations.
No exit from our democratic future
Oped, Thitinan Pongsudhirak, Published on 05/05/2023
» As Thailand's much-anticipated poll on May 14 heads into its homestretch, several clear trends and patterns are emerging to suggest that democratisation is making an inexorable comeback in this country, with positive implications for Southeast Asia and beyond. The immediate road ahead in Thai politics will likely still be bumpy, potentially marked by more judicial interventions and electoral manipulation, or even another military takeover, to thwart the people's choices at the poll. But eventually, pro-democracy forces backed by the Thai people's demand for change will come back time and again until there is a rebalanced, representative and reworked constitutional order in place.
Done and emerging battles in Thai poll
Oped, Thitinan Pongsudhirak, Published on 28/04/2023
» Thailand's poll-leading Pheu Thai Party (PTP) is fighting a war it has already won. Consequently, its pledged freebie of 10,000 baht in a digital wallet for Thai people is superfluous and unnecessary. As the populism war has run its course, a new battleground revolving around the reform and adjustment of traditional centres of power is emerging. The fight in this new battle, being led by the Move Forward Party (MFP), is likely to last into the foreseeable future as the next stage in Thailand's modernisation imperative in the 21st century.
The fault line that polarises Thai politics
Oped, Thitinan Pongsudhirak, Published on 07/04/2023
» With all of Thailand's contesting political parties lined up behind populist policy platforms ahead of the general election on May 14, it is not readily obvious what sets them apart.
Populism triumphs as election looms
Oped, Thitinan Pongsudhirak, Published on 24/03/2023
» Although the campaign season for Thailand's much-anticipated election has only just begun, populism has already become the runaway winner. All of the contesting parties have come up with a plethora of populist pledges to woo voters. That populism has triumphed in Thai politics bears multiple longer-term implications.