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Search Result for “virtual banking”

Showing 1 - 10 of 19

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

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

Charter a straitjacket on democracy

Oped, Thitinan Pongsudhirak, Published on 19/05/2023

» The military-appointed constitution drafting committee that was set up after the coup in 2014 surely knew what it was doing. It crafted a charter in 2017 that now acts as a straitjacket on Thailand's democratic outcome from the general election last Sunday.

OPINION

Global, regional, local trends for 2023

Oped, Thitinan Pongsudhirak, Published on 23/12/2022

» Although economic predictions are usually reserved for the foolhardy, as the future is always difficult to ascertain, there are certain trend lines and probabilities that can be discerned at the global and regional level as well as the local level here in Thailand. As a year-end exercise, we can tease out a few contours with a reasonably high degree of probability.

OPINION

Reopening a good bet with high costs

Oped, Thitinan Pongsudhirak, Published on 12/11/2021

» Nearly two weeks into Thailand's official reopening during the Covid-19 pandemic, it is time to evaluate the country's vaccine management plan, economic costs and prospects of recovery. While the reopening is worth the attendant risks, Thailand is paying a disproportionately high price for earlier mistakes and the government's mismanagement. As the reopening phase builds up, the Thai economy is likely to see a weak and tentative recovery trajectory with medium-term challenges and question marks.

OPINION

China's way with a divided, inert Asean

Oped, Thitinan Pongsudhirak, Published on 18/06/2021

» The recent Asean-China foreign ministers' meeting early this month in Chongqing was crucial for its timing and circumstances. Co-chaired by Chinese Foreign Minister Wang Yi and Philippine Foreign Secretary Teodoro Locsin, it was the first "in-person" meeting among foreign ministers of both sides since the Covid-19 period began early last year.

OPINION

Myanmar: From diplomacy to force

Oped, Thitinan Pongsudhirak, Published on 30/04/2021

» At its recent "special" summit in Jakarta on Myanmar's crisis, Asean reached its diplomatic maximum by coming up with a "five-point consensus" that will likely prove too little and too slow. Constrained by consensus and its non-interference principle where any of its 10 members has a virtual veto, Asean's overdue response to Myanmar's fast-escalating violence on the ground is likely to prove ineffective. As Asean's diplomacy faces limitations, more of Myanmar's outcomes are likely to be decided by the use of force in an intensifying civil war.

OPINION

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.