Showing 1 - 10 of 15
Oil shock risks wider chain reaction
Oped, Chartchai Parasuk, Published on 16/04/2026
» There is no such thing as a free lunch. When global oil prices rise sharply, as they are doing now, someone must bear the cost. Some countries choose to absorb it through government support, as in Japan, while others pass the burden on to consumers, as in Thailand. Neither approach is inherently right or wrong; each carries different economic consequences. Policymakers must decide which set of outcomes is more acceptable and act accordingly.
1% GDP growth impacts will be severe
Oped, Chartchai Parasuk, Published on 21/08/2025
» Where did I get the idea that GDP growth in the second half of 2025 would only be 1.0%? The answer is the government, as the National Economic and Social Development Council (NESDC) told me so.
Tariff talks are unlikely to go as planned
Oped, Chartchai Parasuk, Published on 24/07/2025
» It is only a week away from the Aug 1 deadline when the 36% reciprocal tariff levied on Thai exports to the US will take effect.
Ability to pay key to debt restructuring
Oped, Chartchai Parasuk, Published on 03/04/2025
» Last week's earthquake has provided Thais with two valuable lessons. First, Thailand has no national disaster management plan. No government agency seems to have had carefully thought-out plans and procedures to manage the situation. All measures were carried out on an ad-hoc basis. Worse, there appears to be no coordination among various agencies. Thais were left to rely on their own two feet as thousands of Bangkokians had no choice but to walk for hours to their homes when the mass transit railways were shutdown.
BoT ought to revise exchange rate policy
Oped, Chartchai Parasuk, Published on 26/09/2024
» This is not the usual time slot for my article. My articles are usually published every other Thursday. The next one was for Oct 3. However, I feel that the "too strong" Thai baht requires immediate attention.
BoT can't afford to hold interest rates
Oped, Chartchai Parasuk, Published on 14/07/2022
» Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.
In the end, economic theories prevail
Oped, Chartchai Parasuk, Published on 02/06/2022
» I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.
China, US woes will spell Thai gloom
Oped, Chartchai Parasuk, Published on 18/11/2021
» On Nov 10, there was a drama in the international financial market. DMSA, a German financial market watchdog, issued a press release stating that China Evergrande Group defaulted on interest payments to international investors and was preparing bankruptcy proceedings.
Economy, not rallies, should worry govt
Oped, Chartchai Parasuk, Published on 22/10/2020
» Economics and politics are inseparable. The current nationwide demonstrations against the government might appear to have only political agendas, but the underlying driving force of the burgeoning demonstrations might be economics. The question is "why now?". The prime minister has been in office since early 2019 and, if one counts his previous term, he has been in office since mid-2014. Furthermore, the current constitution has been in effect since 2017.
The job of a finance minister...
Oped, Chartchai Parasuk, Published on 03/09/2020
» The resignation of Finance Minister Predee Daochai is a hot issue right now and I feel compelled to write about it, though I'd rather not discuss the cause -- which could be a combination of problems relating to health, internal disputes, political pressure, workloads, and unsolvable problems. Whatever the problems are, the minister has already made the decision which is gazetted. What's done is done.