Showing 1 - 9 of 9
Impacts of Iran war on Southeast Asia
Oped, Thitinan Pongsudhirak, Published on 20/03/2026
» For the most part, Southeast Asia as a region has taken a neutral stance toward the joint attack between the United States and Israel against the Islamic Republic of Iran. Even the Philippines and Thailand, two formal US treaty allies, have distanced themselves, calling for restraint and de-escalation.
Signs and symptoms of Thai stagnation
Oped, Thitinan Pongsudhirak, Published on 18/07/2025
» That Thailand is faring poorly in the world is no longer in dispute. Not so long ago, many were in denial and adamant that Thailand could still bring a good game to engage abroad, that "Teflon" Thailand could bounce back. Now, just about all indicators are pointing south. The causes of this country's decline and stagnation are not singular but multifaceted over a two-decade period. As Thailand's situation is likely to worsen before hopes for a better future can arise, it is instructive to start counting the costs.
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.
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.
Thailand's irresponsible runaway debt
Oped, Thitinan Pongsudhirak, Published on 11/06/2021
» A major lasting damage Prime Minister Prayut Chan-o-cha will eventually leave behind is his government's co-optation and capture of autonomous agencies that used to safeguard and uphold Thailand's macroeconomic well-being and political level-playing field.
What the 'Pimrypie' sensation foretells
Oped, Thitinan Pongsudhirak, Published on 22/01/2021
» While it became a storm in a teacup, the recent phenomenon involving YouTuber and online retailer Pimradaporn "Pimrypie" Benjawattanapat yields longer-term implications and meanings. Pimrypie's charity drive for Children's Day that provided solar panels and electricity to underprivileged kids in a far-flung village of Omkoi district 300 kilometres from Chiang Mai spoke volumes about the structure and shortcomings of Thailand's paternalist state and what needs to be done to tackle it.
Thai Airways a microcosm of Thailand
Oped, Thitinan Pongsudhirak, Published on 29/05/2020
» Not so long ago, when air travel was not so commonplace, Thai nationals studying and working abroad could feel like they were half-way home when they saw Thai Airways (THAI) planes on tarmacs around the world. It was a symbolic comfort to know that getting on one of the national flag carrier's aircraft would eventually end up getting them home. As THAI has entered a massive and unprecedented reorganisation plan, the national airline is a microcosm of Thailand itself.
Central bank autonomy must be upheld
News, Thitinan Pongsudhirak, Published on 16/08/2019
» When elected governments make noises about economic growth in countries where macroeconomic management is sound and prudent, central bankers tend to quietly bristle and brush off such interference and infringement of monetary space at their own risk. In so doing, central bankers tend to enjoy the support of domestic and international market participants who value central bank independence more than politicians' vested interests, even if it sometimes undercuts their bottom lines. Accordingly, when central bankers go along with the preferences of elected politicians, the conduct of monetary policy comes into question.
Singapore a lesson for subpar countries
News, Thitinan Pongsudhirak, Published on 29/06/2018
» It would seem a cliché to say Singapore has figured it out. But it has, more or less, especially when compared to its subpar neighbours.