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Search Result for “record profit”

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OPINION

Government stability tests performance

Oped, Thitinan Pongsudhirak, Published on 03/04/2026

» Prime Minister Anutin Charnvirakul has gone from strength to strength, leveraging a stopgap minority government late last year into solid majority rule after the Feb 8 election.

OPINION

The gist of Thai politics over 20 years

Oped, Thitinan Pongsudhirak, Published on 20/02/2026

» Thailand's democratic institutions have been repressed and kept weak to the point that confusion still prevails almost two weeks after the Feb 8 election, which purportedly showed a clear victory for the ruling Bhumjaithai (BJT) Party under Prime Minister Anutin Charnvirakul. On the one hand, Mr Anutin and BJT stalwarts are busy forming a coalition government with other parties. On the other hand, fraud allegations from civil society groups and the opposition People's Party have reached a critical mass with the plausibility that the recent vote might be nullified to pave the way for a new poll.

OPINION

Thailand's political trajectory in 2026

Oped, Thitinan Pongsudhirak, Published on 09/01/2026

» What happens in Thai politics this year and the immediate horizon will be determined by the upcoming election on Feb 8. While contesting political parties are in full campaign mode, the contemporary history of Thai polls so far in the 21st century is not encouraging. Only once in the past 25 years have voting results went the way they were meant to, in accordance with the popular will. Whether the vote in four weeks will follow the same pattern will depend on whether the conservative establishment gets its preferred outcome.

OPINION

Thailand hit by a confluence of crises

Oped, Thitinan Pongsudhirak, Published on 05/12/2025

» Thailand is currently facing multiple crises of unprecedented proportions in the highest corridors of power that will pose adversity for the economy and political stability next year and beyond.

OPINION

Thaksin chapter closes, another opens

Oped, Thitinan Pongsudhirak, Published on 19/09/2025

» In yet another dramatic twist in Thai politics, erstwhile anti-establishment political juggernaut and former prime minister Thaksin Shinawatra accepted a one-year jail sentence and began serving his time behind bars on Sept 9. After his return from a 15-year self-imposed exile in August 2023 and a concomitant royal pardon that reduced his eight-year imprisonment on corruption convictions to just one year, Thaksin cited his gravely ill health and spent the time comfortably at the Police General Hospital before being released on parole. The Supreme Court's ruling that his get-out-of-jail health card was invalid means Thaksin's renewed imprisonment and its aftermath are likely to reshape and realign Thailand's political landscape ahead of the next election, due by mid-2027.

OPINION

New government is new wine in old bottle

Oped, Thitinan Pongsudhirak, Published on 13/09/2024

» On the face of it, the new government under Prime Minister Paetongtarn Shinawatra appears to be a generational shift and gender breakthrough. Ms Paetongtarn is the youngest prime minister ever at 38 and only the second female government leader after her aunt Yingluck Shinawatra in 2011-14. The Paetongtarn cabinet features a record eight women among 36 with more ministers in their 30s-50s and fewer above 60. Yet on closer scrutiny, the new and younger faces are largely family legacies and proxies, surrounded by old-style politicians, while the new government's policy directions sound dated not well-suited for the times ahead.

OPINION

Uncharted territory and a case of déjà vu

Oped, Thitinan Pongsudhirak, Published on 09/08/2024

» Another dissolution of another election winner should feel old in Thai politics. But what happened to Move Forward Party is not just déjà vu but uncharted territory. Its dissolution fits a recurrent pattern of systematic subversion of democratic institutions in favour of autocratic preferences in disregard of the will of the majority. The Constitutional Court's breakup of Move Forward also breaks new ground that is increasingly taking centre stage in Thailand's political landscape.

OPINION

Move Forward case reveals autocracy

Oped, Thitinan Pongsudhirak, Published on 07/06/2024

» The Constitutional Court's announcement that it will consider the Move Forward Party's (MFP) written defence in its dissolution case on June 12 appears ominous. After several attempts to make its argument that a campaign pledge to amend the lese majeste law against royal insult is not tantamount to "overthrowing Thailand's democratic regime with the King as head of state", the party's time is up. As the biggest election winner in May 2023, the MFP's dissolution is perceived as a foregone conclusion. Such a revelation might risk Thailand being perceived as an autocratic regime based on legal manoeuvres, and power plays that do not derive from voter preferences.

OPINION

Thailand's judiciary faces challenges

Oped, Thitinan Pongsudhirak, Published on 24/05/2024

» Thailand appears to be a country of 70 million, ultimately ruled by an unelected few. This sobering reality was on display when two connected groups of top generals seized power from democratically elected governments in September 2006 and May 2014. Unlike these blatant military coups over the past two decades, at issue now is the power and role of the judiciary. While Thailand has another democratically elected civilian government under Prime Minister Srettha Thavisin, the question that needs to be asked is whether the country is effectively under judicial rule.

OPINION

Thailand's semi-democracy returns

Oped, Thitinan Pongsudhirak, Published on 01/12/2023

» The appointment of Gen Prayut Chan-o-cha as privy councillor has neatly bookended Thai politics over the past decade. It coincides with the 10-year anniversary of the street demonstrations that were led by the People's Democratic Reform Committee, paving the way for Gen Prayut to stage a military coup in May 2014. While the interim was a period of hard and soft military-authoritarian rule in 2014-19 and 2019-23, the new moving balance in Thai politics is a semi-democracy of sorts under the Pheu Thai Party-led coalition government.