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Search Result for “banking zones”

Showing 1 - 10 of 12

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

Remembering a journo like no other

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

» Gwen Robinson was a quintessential journalist who probed for the best scoop and pried for the juiciest gossip, an old-style old hand the likes of which we are unlikely to see again. In the new contentious era of geopolitical conflict and geoeconomic tension underpinned by American economic nationalism, Robinson's journalist craft over more than four decades explaining and linking Asia and the West will be sorely missed.

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

Myanmar as interim 'non-state' state

Oped, Thitinan Pongsudhirak, Published on 01/03/2024

» Myanmar, also known as Burma, has become a de facto state that is dominated by non-state entities. Contrary to facile claims, Myanmar is not a failed state like some that beset parts of Africa and the Middle East. The ethnically diverse country of 55 million still functions despite widespread violence in an ongoing civil war. Unless and until Myanmar is understood and re-conceptualised as an interim state comprising non-state entities, it will be difficult to move forward to remake and reconstitute a new country after the civil war and the passing of the military junta that seized power on Feb 1, 2021, led by Senior General Min Aung Hlaing.

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

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

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

Undue politicisation at finance and BoT

Oped, Thitinan Pongsudhirak, Published on 03/07/2020

» Thailand's economic growth projections continue to head south as the coronavirus crisis unfolds in the second half of the year. In its most recent forecast, the Bank of Thailand anticipates a sharp contraction of 8.1% this year, worse than the 5.3% it predicted in March. Downside macroeconomic risks are substantial as the Covid-19 pandemic could still degenerate and cause further global health and economic havoc. In this dire environment, Thailand will need steady and seasoned hands to oversee macroeconomic levers. Yet both the finance ministry portfolio and the BoT governorship now face uncertainty and potential politicisation that bode ill for effective and autonomous fiscal and monetary policies.

OPINION

Concentric Mideast wars and prospects

News, Thitinan Pongsudhirak, Published on 10/01/2020

» Nothing captures attention in an age of media saturation like the talk of war. The recent decision by US President Donald Trump to assassinate a top Iranian official, Quds Force Commander Major General Qassem Soleimani, has conjured up the spectre of a wider conflict encompassing not just the Middle East but the broader world, as Iran's top leaders deemed it "an act of war" and vowed "severe revenge". Although Iran's military and its proxy militias and client states in the Middle East and elsewhere are poised to exact retribution for their loss, we are unlikely to see a world war in the immediate aftermath of this killing.