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Search Result for “bad debt”

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OPINION

Implications of conservative triumph

Oped, Thitinan Pongsudhirak, Published on 13/02/2026

» The incumbent and conservative Bhumjaithai (BJT) Party has surprisingly swept Thailand's Feb 8 election with a commanding win. With the previously poll-leading and progressive People's Party (PP) coming in a distant second, Thailand appears headed for a conservative coalition government revolving around BJT and like-minded junior partners. Known for its conservative stance and being pro-status quo, it would not be surprising if the BJT-led coalition government, led by Prime Minister-elect Anutin Charnvirakul, were not challenged by the Constitutional Court, the Election Commission, and other supervisory agencies, which have derailed and dissolved reform-minded winning parties in the past.

OPINION

Three main parties and two directions

Oped, Thitinan Pongsudhirak, Published on 16/01/2026

» Although Thailand's election campaign is reaching fever pitch ahead of voting day on Feb 8, the dynamics and contours of its final outcome can be gleaned from past polls over the last 25 years. Only once in January 2001, as was indicated in this space last week, were voter results fully honoured and carried out. Other elections were either upended by military coups or manipulated by judicial interventions.

OPINION

Flawed Asean needs to regain footing

Oped, Thitinan Pongsudhirak, Published on 10/10/2025

» Nearly six decades after its founding, the Association of Southeast Asian Nations (Asean) finds itself back where it began -- divided, uncertain, and vulnerable to the influence of major powers. Once hailed as a model for regional cooperation in the developing world, Asean now faces a crisis of purpose. Unless it can rediscover the unity and collective way forward that defined its early decades, Southeast Asia's flagship institution risks slipping into irrelevance.

OPINION

Anutin's new cabinet is a mixed bag

Oped, Thitinan Pongsudhirak, Published on 26/09/2025

» The composition and size of Prime Minister Anutin Charnvirakul's 36-member cabinet suggest that he intends to stay in office for as long as possible, clinging to the terms of the government-enabling Memorandum of Agreement (MOA) and calling an early election only if circumstances make it unavoidable.

OPINION

Thailand's costly political shenanigans

Oped, Thitinan Pongsudhirak, Published on 22/08/2025

» In a country of 70 million where a handful of men can remove an elected government time and again, there can be no stability and progress, only tension and regression. This is how Thailand can be characterised over the past two decades. It is now going through yet another cycle of heightened political instability with the potential collapse of the government under suspended Prime Minister Paetongtarn Shinawatra in the footsteps of previous leaders who were similarly ousted by the Constitutional Court.

OPINION

Thai-Cambodian feud is Asean's worst

Oped, Thitinan Pongsudhirak, Published on 15/08/2025

» The border dispute and consequent military conflict between Cambodia and Thailand in recent weeks have become Asean's worst crisis in its 58 years of existence. Ironically, it was an intra-regional war between Indonesia and Malaysia that gave rise to Asean in 1967, but now an intra-Asean military clash is undermining the Southeast Asian organisation's core reason for being and its main claim to credibility and prominence. Unless Asean, under Malaysia as its rotational chair this year, moves fast to contain the bilateral dispute and reinforce a delicate ceasefire agreement, Southeast Asia will be looked upon increasingly as a region and less as an organisation of member states.

OPINION

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.

OPINION

Thailand lags in the global trade war

Oped, Thitinan Pongsudhirak, Published on 11/04/2025

» Thailand is fast isolating itself from the international community and falling behind in the emerging geoeconomic warfare to the detriment of its economy and people. The elected government of Prime Minister Paetongtarn Shinawatra is ironically coming up with outcomes that resemble those of the military administration a decade ago. Thailand must now move quickly to contain policy damage and restore its international standing to navigate and come out of the intensifying geoeconomic war in as decent a shape as possible.

OPINION

Thaksin's return and 2025 prospects

Oped, Thitinan Pongsudhirak, Published on 03/01/2025

» Thailand's political environment last year was marked by machinations to keep the biggest election winner, the Move Forward Party, from power and to ensure the runner-up, the Pheu Thai Party, leads a coalition government the old guard can put up with. These manoeuvres after the May 2023 poll, initially forced Move Forward into the opposition and ultimately dissolved the party while bringing Thaksin Shinawatra back from self-exile in August 2023 for a perfunctory jail sentence and installing Srettha Thavisin as prime minister over the same period.

OPINION

Two wasted decades in Thai politics

Oped, Thitinan Pongsudhirak, Published on 20/12/2024

» Now that Thaksin Shinawatra appears actively back in Thai politics, it is demoralising to look back at Thailand's wasted time and opportunities. Once a promising country on the way from democratic transition to consolidation in the late 1990s, Thailand has become semi-autocratic, and its rocky political trajectory over the past two decades is now structural. The traditional institutions of power that grew out of the Cold War have been calling the shots in earlier decades and are just unwilling to let the country move forward in the immediate years ahead.