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Search Result for “banking giant”

Showing 1 - 10 of 16

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

Another wasted year in Thai politics

Oped, Thitinan Pongsudhirak, Published on 26/12/2025

» As Thailand winds down 2025 with an early election looming on Feb 8, the most consequential issue to watch in the coming year will be whether recent topsy-turvy political patterns of polls, protests, and military and judicial interventions give way to a compromise between the old guard clinging on to vested interests and the new generation clamouring for reform and change.

OPINION

Thailand needs a geostrategic rebalance

Oped, Thitinan Pongsudhirak, Published on 06/06/2025

» With two military coups and multiple judicial interventions that combined to subvert election results and weaken democratic institutions over the past two decades, it is unsurprising that Thailand's geostrategic position has leaned increasingly towards China. Naturally, the more Thailand becomes autocratic, the more it will be estranged from established democracies in Europe and North America, as well as Japan and South Korea, with nowhere to turn but to Beijing. But this China orientation is a geostrategic mistake at this time. Thailand should correct its course until clearer signs emerge as to which side of the superpower struggle will come out on top.

OPINION

Reshuffle cements Srettha's grip

News, Thitinan Pongsudhirak, Published on 06/05/2024

» After eight months at the helm, Prime Minister Srettha Thavisin staged a much-anticipated cabinet reshuffle with unexpected drama and unsurprising consolidation. As head of a coalition government, Mr Srettha appears more "prime ministerial" as the reshuffle has strengthened his hand to implement the ruling Pheu Thai Party's flagship policies.

OPINION

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.

OPINION

Prospects at home and abroad in 2024

Oped, Thitinan Pongsudhirak, Published on 05/01/2024

» Overlooked but deeply consequential, 2024 will be the first time in a decade that Thailand is ruled by a civilian-led government. Whatever frustration and disenchantment that arise this year, memories must not run short. Thailand suffered deeply under the coup-backed regime of Gen Prayut Chan-o-cha. Seeing his back is politically good riddance, and having Srettha Thavisin as a thoroughly civilian and pro-business prime minister bodes well for the country. Yet Mr Srettha has his work cut out to boost the economy, address constitutional reform, restore Thailand's international standing, and stay in office into next year amid the global economic slowdown.

OPINION

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.

OPINION

Geoeconomics of the US-China tech war

Oped, Thitinan Pongsudhirak, Published on 16/09/2022

» Chinese President Xi Jinping's arrival in Central Asia this week in his first overseas travel in nearly three years is perhaps the most consequential irony of the coronavirus pandemic. As the place where the deadly pandemic began in early 2020, China was the first to swiftly and successfully suppress and contain Covid-19 within weeks, while its counterparts in North America and Europe languished for months under mounting death tolls and hospitalisations.

OPINION

Reopening a good bet with high costs

Oped, Thitinan Pongsudhirak, Published on 12/11/2021

» Nearly two weeks into Thailand's official reopening during the Covid-19 pandemic, it is time to evaluate the country's vaccine management plan, economic costs and prospects of recovery. While the reopening is worth the attendant risks, Thailand is paying a disproportionately high price for earlier mistakes and the government's mismanagement. As the reopening phase builds up, the Thai economy is likely to see a weak and tentative recovery trajectory with medium-term challenges and question marks.

OPINION

China's way with a divided, inert Asean

Oped, Thitinan Pongsudhirak, Published on 18/06/2021

» The recent Asean-China foreign ministers' meeting early this month in Chongqing was crucial for its timing and circumstances. Co-chaired by Chinese Foreign Minister Wang Yi and Philippine Foreign Secretary Teodoro Locsin, it was the first "in-person" meeting among foreign ministers of both sides since the Covid-19 period began early last year.