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Search Result for “commercial banking”

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OPINION

The war and its likely consequences

Oped, Thitinan Pongsudhirak, Published on 17/04/2026

» As the joint attack between the United States and Israel against Iran that resulted in a wider regional conflict in the Middle East approaches its two-month mark, the directions of the war remain precarious while some of the longer-lasting consequences appear evident. Unsurprisingly, the war has been detrimental and damaging for all states and societies concerned, not just within the affected region but the wider world. Already we can start counting some of the long-term costs.

OPINION

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.

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

Defusing Thai-Cambodian border row

Oped, Thitinan Pongsudhirak, Published on 13/06/2025

» At issue in the ongoing border standoff between the Thai and Cambodian armed forces is timing and circumstance. In less than two weeks, a seemingly minor border skirmish intensified into a full-scale military confrontation. What is being overlooked in the thick of mutual antagonism and ultranationalism on both sides is when and how the current round of confrontation transpired. Getting its origins right is crucial to finding ways and means for conflict resolution.

OPINION

Thailand's false sense of tariff security

Oped, Thitinan Pongsudhirak, Published on 30/05/2025

» Thailand is in deeper trouble among its peer group in view of United States President Donald Trump's tariff offensive. Yet senior Thai officials appear nonchalant, complacent and smug. They seem to think Thailand will come out of the US tariff war in good shape as the Trump administration will prove unable to go through with its hefty import duties. The domestic political battle between the US executive and judicial branch -- with the Court of International Trade's injunction this week on most of the Trump tariffs -- further adds to the absurd sense of security and false perception of Thailand's importance by Thai officials.

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

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

Thailand's policy on Myanmar stinks

Oped, Thitinan Pongsudhirak, Published on 23/06/2023

» The latest move to coddle and recognise Myanmar's junta government by caretaker Prime Minister Prayut Chan-o-cha's outgoing regime does not add up. Sanctioned and supported by Gen Prayut, Foreign Minister Don Pramudwinai arranged an Asean-wide ministerial meeting in Pattaya on June 18 with Myanmar's junta-appointed Foreign Minister Than Swe with unusual haste. Shrouded in controversy and desperation, both the PM's and the FM's clichéd explanations just do not wash. It begs the question of whether there are vested interests involved, above and beyond Thailand's national interest, in the outgoing government's seeming acceptance of Myanmar's military regime that took power by force on Feb 1, 2021.