Showing 1 - 8 of 8
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.
Referee agencies and old political tricks
Oped, Thitinan Pongsudhirak, Published on 31/03/2023
» Almost three decades ago, Thai politics reached a critical threshold when public demands resulted in the establishment of a clutch of independent agencies to ensure the transparency and accountability of the political system and the stability and effectiveness of government.
What the 'Pimrypie' sensation foretells
Oped, Thitinan Pongsudhirak, Published on 22/01/2021
» While it became a storm in a teacup, the recent phenomenon involving YouTuber and online retailer Pimradaporn "Pimrypie" Benjawattanapat yields longer-term implications and meanings. Pimrypie's charity drive for Children's Day that provided solar panels and electricity to underprivileged kids in a far-flung village of Omkoi district 300 kilometres from Chiang Mai spoke volumes about the structure and shortcomings of Thailand's paternalist state and what needs to be done to tackle it.
The karmic results of voter suppression
Oped, Thitinan Pongsudhirak, Published on 30/10/2020
» When Thailand's justice system issues decisions that have political ramifications, fewer people are holding their breath these days because conclusions are increasingly foregone. In fact, when the historical record comes into fuller view, it will be seen that the politicisation of the judiciary has fundamentally undermined Thailand's fragile democratic development and reinforced authoritarian rule that has been resurgent over the past 15 years. Nowhere are these judicial sins and shortcoming more salient and damning than the systematic and selective disenfranchisement of voters.
The global politics of virus vaccines
Oped, Thitinan Pongsudhirak, Published on 11/09/2020
» It is clear now that Thailand's de facto strategy for handling the coronavirus pandemic is to minimise local infections and wait for a safe and effective vaccine. The recent discovery of just one Thai in a Bangkok suburb who tested positive sent the country into near-panic mode after 100 days of zero local transmissions, similar to the case of an Egyptian military official who visited Rayong province in July and tested positive thereafter.
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.
The anatomy of a very tricky election
News, Thitinan Pongsudhirak, Published on 29/03/2019
» Thailand's first election in nearly eight years was supposed to bring some closure to a self-appointed military government and clarity to the country's democratic future. Instead, it has generated much controversy and probable continuity for the incumbent military regime with murky political directions ahead. Central to the questions and outcomes surrounding the poll on Sunday is the Election Commission (EC). Its actions and interpretations of events will have much to say about what happens next.
The annals of Thailand's military dictators
News, Thitinan Pongsudhirak, Published on 12/10/2018
» As Gen Prayut Chan-o-cha eyes longer-term power beyond the next election, his eventual legacy will be compared to other military leaders who have come and gone as heads of past Thai governments. Had he left office or stepped down to run for it earlier, Gen Prayut might be in a better place. As things stand, his tenure and subsequent exit from the political scene does not appear promising for how he will be seen in hindsight.