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Search Result for “currency exchange”

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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

America risks grand folly in Iran war

Oped, Thitinan Pongsudhirak, Published on 06/03/2026

» It is just the first week of the joint attack between the United States and Israel on the Islamic Republic of Iran, but the repercussions from the Middle East for the Indo-Pacific are already discernible.

OPINION

Indonesia leads Asean into Brics+

Oped, Thitinan Pongsudhirak, Published on 17/01/2025

» As the new year gets underway with the looming re-inauguration of United States President Donald J Trump, countries and entire regions are having to manoeuvre and realign in view of an accelerated breakdown of the post-Second World War rules-based liberal international order.

OPINION

Trump's tariff blackmail boosts Brics

Oped, Thitinan Pongsudhirak, Published on 06/12/2024

» Even before officially taking office, United States President-elect Donald J Trump is shaking up the international system with drama and fanfare unlike any other major leader in recent memory. His most recent outburst to slap 100% tariffs on the "Brics" countries -- Brazil, Russia, India, China, and South Africa, as well as Egypt, Ethiopia, Iran and the United Arab Emirates -- is a case in point. While it will coerce developing economies to think twice about the cost of going their own way, this tariff blackmail and others like it also risk pushing smaller countries away from the US to other rival big powers, particularly China.

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

Next poll brings highest stakes, risks

Oped, Thitinan Pongsudhirak, Published on 09/12/2022

» In the face of the myriad of questions and issues that beset Thai politics in the lead-up to the general election, which must be held by May 7, the biggest facts and dilemmas are not being raised. Prime Minister Prayut Chan-o-cha is now headed to complete nine years in office, the first five of which were under a military government after he and his cohorts seized power by force in May 2014, and the last four under an elected coalition government enabled by the 2017 constitution crafted by a committee the ruling generals had set up. Moving forward, Thailand risks settling into a prolonged period of economic stagnation and political decay unless there is a qualitative change of government after the poll.

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

Thailand's jab fiasco needs an inquiry

Oped, Thitinan Pongsudhirak, Published on 16/07/2021

» Thailand's vaccine rollout is evidently a complete shambles due to questionable procurement, supply shortage, and misallocation amid a deadly surge of the Covid-19 "Delta" variant. The situation has been going from bad to worse with no end in sight as a poorly conceived strategy unfolds into a national calamity. As public anger mounts with fast-spreading calls for Prime Minister Prayut Chan-o-cha's ouster, the Covid-19 pandemic is becoming Thailand's political game-changer more than anyone could have anticipated.