Showing 1 - 10 of 14
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.
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.
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%.
Why the economy is heading for a crisis
Oped, Chartchai Parasuk, Published on 02/05/2024
» I wish I were this good when it comes to picking winning lottery ticket. Just a few days ago, the Ministry of Finance (MOF) lowered its 2024 GDP growth projection from 2.8% to 2.4%, citing blah, blah, blah.
Downsides to digital cash handout plan
Oped, Chartchai Parasuk, Published on 21/09/2023
» I announced in a previous article that today's story would focus on liquidity and debt. But after careful consideration, I have decided to postpone this for another fortnight. The main reason being that I want to wait for the Bank of Thailand's economic data release for August due out on Sept 29.
World economy downhill from here
Oped, Chartchai Parasuk, Published on 17/11/2022
» When I planned for this week's article, I wanted to write about the illusions of today's economic picture such as the robust GDP growth in emerging economies, declining inflation rates, booming travel business, strengthening of the Thai baht, and so on. But even with the economic data and theories to back up my claims, who would believe me? Who would believe that the current robust demand is nothing but an example of short-term, pent-up demand after two years of the Covid-19 outbreak? Who would consider the fact that consumers have no increased purchasing power to sustain today's level of consumption? Most of all, who would imagine that things would change drastically in the fourth quarter after consumers face the reality of a higher cost of living and stagnant income?
BMA sorely needs financial advisers
Oped, Chartchai Parasuk, Published on 22/09/2022
» On Sept 7, 2022, the Central Administrative Court ordered the Bangkok Metropolitan Authority (BMA) and its wholly owned subsidiary Krungthep Thanakom (KT) to pay Bangkok Mass Transit System Public Company (BTS) back overdue Operating and Maintenance (O&M) fees on extensions 1 and 2 of the Green Line (Sky Train) in the amount of 11.75 billion baht within 180 days.
City Hall needs a much larger budget
News, Chartchai Parasuk, Published on 30/06/2022
» This article is a welcome gift to Bangkok's new governor, Chadchart Sittipunt.
Weighing the value of cryptocurrencies
Oped, Chartchai Parasuk, Published on 16/12/2021
» I am sure that almost everybody has heard about cryptocurrencies. Some might even be investing in them. But few understand what are they really for and, most importantly, how should they be valued? As of Dec 15, one Bitcoin had a market price of US$48,144 (slightly over 1.6 million baht per coin).
No choice but to open the economy
Oped, Chartchai Parasuk, Published on 14/10/2021
» There are not many countries on this planet that depend on outside markets like Thailand. Exports of goods account for 54% of GDP while foreign tourism income accounts for another 12% -- totaling 66% of GDP. The rest is made up by domestic private consumption.