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Search Result for “bankruptcy filing”

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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 needs middle power ambition

Oped, Thitinan Pongsudhirak, Published on 18/10/2024

» Having participated in the recent Asean-related summit meetings in Vientiane, Prime Minister Paetongtarn Shinawatra and her team must now work out Thailand's foreign policy priorities and posture. Foreign policy projection peaked around 20 years ago when Thailand was recognised as an emerging regional leader with the potential of a middle power. Since then, foreign policy has been patchy and hostage to polarisation and domestic political volatility. It is time to chart a way forward for Thailand's international standing and role despite ongoing political conflict at home.

OPINION

Thai foreign policy needs new rudder

Oped, Thitinan Pongsudhirak, Published on 27/09/2024

» Thailand's foreign policy posture and projection under Foreign Minister Maris Sangiampongsa and the new government of Prime Minister Paetongtarn Shinawatra is off to a good start under severe structural constraints. Given the widespread consensus both at home and abroad that Thailand has fallen behind its peers over the past two decades, the imperative of regaining its international standing is undisputed. But doing so under what the foreign minister has outlined as a "neutral stance" under "non-alignment" among the great powers is moot and misguided. What Thai foreign policy needs is multi-alignments and omni-directionality under a new rudder.

OPINION

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.

OPINION

Cambodia and Laos in the regional mix

Oped, Thitinan Pongsudhirak, Published on 30/09/2022

» As geopolitical tensions from Russian aggression in Ukraine and the ongoing United States-China rivalry intensify, Southeast Asia will be hard-pressed to maintain peace and security. Despite their relatively small size, Cambodia and Laos are two countries whose political trajectories will shape regional outcomes. While Cambodia has consolidated domestic political power with dynamic economic expansion, Laos is looking like a regional laggard facing a deep debt crisis. As Cambodia moves forward, Laos is at risk of being left behind.

OPINION

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.

OPINION

Misguided myopia of asking the rich

Oped, Thitinan Pongsudhirak, Published on 24/04/2020

» Prime Minister Prayut Chan-o-cha's initiative to seek more cooperation and assistance from Thailand's 20 wealthiest billionaires is understandable. Thailand needs all the help it can get to handle and manage the social and economic ravages of the coronavirus (Covid-19) crisis. But making an appeal in writing from the top to the country's richest is short-sighted and misguided on many levels. It displays a government at the end of its tether and a leader who is being forced to own up to mismanaging the country for the past six years.