Showing 1 - 10 of 13
Fiscal deficit will trigger 2026 crisis
Oped, Chartchai Parasuk, Published on 19/02/2026
» If readers want to be fully convinced that there will be a financial crisis in 2026, I can do that in three minutes. Readers need only look at the last two columns of the attached table, which depict the financing situation of the Thai economy in 2025 (actual) and 2026 (projected).
Making Cambodia pay for border row
Oped, Chartchai Parasuk, Published on 02/10/2025
» What I am covering today is a sensitive issue that all economic research houses, both government and private, avoid talking about. That is the economic impact of the border dispute between Thailand and Cambodia.
Stimulus packages need paradigm shift
Oped, Chartchai Parasuk, Published on 03/10/2024
» Ever wonder why Thailand's economic growth is consistently lower than its peers? Even with a flood of foreign tourists of 28.1 million (154.4% growth) in 2023, our GDP growth was 1.9% compared to 5.5% in the Philippines, 5% in both Indonesia and Vietnam, and 3.7% in Malaysia. The growth figure for the first half of this year of 1.9% is far worse than many of our Asean friends.
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.
Why do I smell tom yum kung cooking?
Oped, Chartchai Parasuk, Published on 10/08/2023
» Readers who follow my bi-weekly economic column will have no doubt that the tom yum kung I am referring to is not a traditional Thai soup dish but the financial crisis of 1997.
Demand destruction the new buzzword
Oped, Chartchai Parasuk, Published on 11/08/2022
» On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent strong signals that they would rapidly increase interest rates to contain inflation, despite the cost of a further economic slowdown.
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.
War-hit Russian economy could fold
Oped, Chartchai Parasuk, Published on 10/03/2022
» It is a new kind of war -- economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia's economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment.
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.
If jabs don't work, we must have Plan B
Oped, Chartchai Parasuk, Published on 24/06/2021
» What would you do if you were a government facing a (rapidly) falling economy, receding tax income, ballooning public and private debts, drying up domestic liquidity, and feeble economic relief programmes?