Showing 1 - 9 of 9
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.
Thailand's financial system on the brink
Oped, Chartchai Parasuk, Published on 20/02/2025
» The issue of a financial crisis hitting Thailand is of grave importance. If it happens, it will push the Thai economy back by five years, triggering indescribable pain and suffering.
How to finance the 2025 fiscal budget
Oped, Chartchai Parasuk, Published on 27/06/2024
» The 2025 fiscal budget is supposed to be historic, aiming to turn around the sagging Thai economy. But it is going by almost unnoticed. The first reading of the Budget Bill passed with an overwhelming "yes" vote of 311 to 175. The debates were subdued and made few headlines. The second vote is expected on Aug 3. After passing the third vote by the House of Representatives, the 2025 budget will go to the Senate for final approval.
Time to bid farewell to Thai Airways?
Oped, Chartchai Parasuk, Published on 18/02/2021
» On March 2, Thai Airways will submit its business rehabilitation plan to the Central Bankruptcy Court. After that, in around May, the court will assemble Thai Airways' creditors to vote on the plan. If a majority of creditors vote yes, the court will appoint rehabilitation plan administrators and Thai Airways will conduct its business according to the plan. If a majority of creditors vote no, Thai Airways will be declared bankrupt and will head towards liquidation.
Not looking like Xmas this year, or next
Oped, Chartchai Parasuk, Published on 03/12/2020
» Everybody has high hopes for the year 2021. Stock markets seem to think so. The Dow Jones Industrial average started the year at around the 29,000 mark and dropped by one-third to 20,000 when Covid-19 became a global threat in late March. Today, despite the second, third, and fourth rounds of outbreaks around the globe, Dow Jones is approaching the 30,000 mark.
THAI restructuring will not be easy
News, Chartchai Parasuk, Published on 18/06/2020
» While I was the head of the Corporate Finance Department at National Finance (now known as Thanachart Bank), I handled many cases of debt restructuring. The largest one was the 20-billion-baht debt of a hospital chain.
Lockdown pain worse than virus?
News, Chartchai Parasuk, Published on 23/04/2020
» You have seen it in the news - strings of protests against the Covid-19 lockdowns of cities and countries around the world. Protests ran the gamut from 20 states in the US, to Brazil, India and as far away as Lebanon. To protesters, economic pain is more real than the death threat from the virus. Are these people unreasonable? How could livelihoods be more important than lives?
Economy faces 4 key hurdles this year
News, Chartchai Parasuk, Published on 01/08/2019
» The first half of 2019 has already passed and it is a well-known fact that the Thai economy is not in good shape. GDP growth has plummeted from 3.7% in the last quarter of 2018 to 2.8% in the first quarter of this year. Although second-quarter GDP growth will be officially announced soon, raw economic data from April to June indicates a weaker second quarter, particularly in the areas of exports and tourism.
Online trading spells massive job losses
News, Chartchai Parasuk, Published on 18/07/2019
» By writing about Sampheng, Bangkok's premier wholesale market, this column does not want to stress the weakness of the economy. It is pointless to keep whining about the sluggishness of the economy as it is already a well-known fact. Even the government can see the true picture of the economy by simply looking at its tax revenues. Poor-performing businesses do not pay taxes and jobless people also do not pay taxes.