Showing 1 - 10 of 35
Risk of crisis growing more acute
Oped, Chartchai Parasuk, Published on 05/03/2026
» This article is a follow-up to my previous piece titled "Fiscal deficit will trigger 2026 crisis". In that article, I argued Thailand's heavy dependence on external liquidity, combined with the government's need for 860 billion baht annually to finance its deficits, would lead to a severe liquidity shortage and, ultimately, a financial crisis.
Thailand must manage debt to progress
Oped, Chartchai Parasuk, Published on 22/01/2026
» This article may be read as a continuation of my previous piece, Year of the Debt. That article focused mainly on household debt, which has already risen beyond the ability of Thai consumers to repay.
Is a return to gold standard possible?
Oped, Chartchai Parasuk, Published on 11/12/2025
» We are now in the middle of the holiday season. Therefore, I will refrain from writing about heavy and depressing issues like the Thai economy and the outlook for 2026 and beyond. In this moment of joy, I will write about the possibility of returning to the gold standard, which some supporters say can be seen in central banks aggressively buying gold bullion to replace the dubious US dollar. The last article of the year will be about the Sovereign Wealth Fund (SWF).
VAT hikes alone won't narrow deficit
Oped, Chartchai Parasuk, Published on 27/11/2025
» This article is not meant to attack Finance Minister Ekniti Nitithanprapas’s Medium-Term Fiscal Framework (MTFF) for the fiscal years from 2026 to 2030. It is meant to emphasise the fragility of a Thai fiscal position that requires multiple revenue enhancement measures.
Problems await the new BoT governor
Oped, Chartchai Parasuk, Published on 04/09/2025
» The first problem incoming Bank of Thailand (BoT) governor Vitai Ratanakorn will face is political uncertainty.
Rate cut helps the BoT, not the economy
Oped, Chartchai Parasuk, Published on 06/03/2025
» On Feb 26, the Bank of Thailand's (BoT) Monetary Policy Committee (MPC) cut its policy interest rate by 0.25%, lowering it to 2.0%.
Will Thailand's economy cheat death?
News, Chartchai Parasuk, Published on 23/01/2025
» 'He and the other survivors have briefly cheated death, but will not be able to evade their fate for very long." A movie buff will know this comes from Final Destination and the "he" in the quote refers to Alex Browing, the movie's main character.
Household debt plan has many flaws
Oped, Chartchai Parasuk, Published on 28/11/2024
» It is unanimously agreed that household debt is one of the major economic problems of Thailand. Non-performing loans (NPL) from household debt amount to 1.2 trillion baht according to the National Credit Bureau (NCB). If it includes Special Mentioned (SM) debt (31-90 days of default), the bad debt level would rise to 1.7 trillion baht, or about 12.3% of total household debt outstanding.
Digital wallet scheme hits another snag
Oped, Chartchai Parasuk, Published on 13/06/2024
» The new financing problem of the 10,000-baht cash handout, commonly known as the Digital Wallet Scheme (DW), has not made much noise in the media. This may be because the government wants this to be a non-issue, but in reality, it is a serious one that could wreck the entire scheme.
20 years of errors can't be fixed easily
Oped, Chartchai Parasuk, Published on 30/05/2024
» I have a strong feeling that piecemeal measures are what the economy is going to get from the government to combat Thailand's long-standing economic problems.