Showing 1 - 9 of 9
In an uncertain world, gold is a comfort
Oped, Chartchai Parasuk, Published on 05/02/2026
» With Thai citizens heading to the polls this Sunday to decide which party will form the next government, I have decided to postpone my article on the economic crisis for another two weeks.
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.
Making sense of performance figures
Oped, Chartchai Parasuk, Published on 31/10/2024
» I have the duty of reviewing quarterly economic performances and making economic growth projections for a private research firm.
Banks that don't want money bode ill
News, Chartchai Parasuk, Published on 11/07/2024
» When is the last time readers experienced a situation like this? One takes money to deposit in a bank and the bank says please take your money elsewhere as we have no use for it. Such an unusual situation is happening in Thailand at this moment. Thai banks are reducing their credit portfolios and, consequently, reducing their needs for funding.
When times get tough, Thais party
News, Chartchai Parasuk, Published on 07/09/2023
» Today's article is far from being sarcastic towards or mocking Thais. On the contrary, it explains the current weakness of the economy and, more importantly, the serious implications for the effectiveness of the government's economic stimulus packages. So, this article is recommended reading for the new economic team.
How are Thais spending so much now?
Oped, Chartchai Parasuk, Published on 01/12/2022
» Third-quarter GDP growth for 2022 (Q3/2022) is 4.5% -- substantially higher than the expected 4%. The main driving factor is robust private consumption -- not tourism income -- which expanded 9% in real terms and 15.7% in nominal terms, compared to the same quarter last year. On the surface, this high growth phenomenon may look normal as most Asean countries have enjoyed similar benefits of low Covid infections and pent-up demand. For instance, Malaysia's private consumption also expanded 15.7% in the same third quarter.
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.
New surge a blow to weak economy
Oped, Chartchai Parasuk, Published on 15/04/2021
» Today's article is "breaking news" as I am in the midst of writing a five-part series about the liquidity crisis risk facing the country. I have already published the first two parts of the series -- origins of the risk and experience from 1997 economic crisis. I still have three more articles to go. They are: (1) warning signs of the risk, (2) shielding oneself from the risk, and (3) appropriate macro-economic policy responses. I do not want to break the series because warning signs are getting stronger every day such as the alarming US$8.4 billion (263 billion baht) outflow in March and the 154 billion baht government cash deficit in February.
Is it all the Bank of Thailand's fault?
News, Chartchai Parasuk, Published on 12/09/2019
» Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.