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OPINION

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.

OPINION

Thailand must manage debt to progress

Oped, Chartchai Parasuk, Published on 22/01/2026

» This article may be read as a continuation of my previous piece, Year of the Debt. That article focused mainly on household debt, which has already risen beyond the ability of Thai consumers to repay.

OPINION

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.

OPINION

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.

OPINION

Soft or hard landing for Thai economy?

News, Chartchai Parasuk, Published on 08/02/2024

» Personally, I am sure the Thai economy will crash this year. I can even estimate the time when the crash will start. It is likely to be the month of May as several big economic bombs will explode that month. Confirmation of this belief came in December 2023's economic data. The most disturbing part is industry's capacity utilisation rate of 56.2% (seasonally adjusted), which is the second lowest in the world. The world's lowest is Nigeria!

OPINION

Getting ready for a new economic era

Oped, Chartchai Parasuk, Published on 01/06/2023

» Admittedly, I did not vote for Move Forward Party (MFP). I did like the idea of pro-democracy, equality for all, people-centric policies, and de-monopolisation, all of which they espouse.

OPINION

Part 2: Managing household debt

Oped, Chartchai Parasuk, Published on 06/04/2023

» This is the second article, Managing Household Debt, of the Changing Thailand series.

OPINION

Interest gap could spell economic peril

Oped, Chartchai Parasuk, Published on 06/10/2022

» On a recent Monday, the Fed called an emergency meeting. The discussion topics were not made known. Could it possibly be about turmoil in the UK bond market and the financial troubles of large investment banks? At this fragile time, the world cannot afford another Lehman Brothers-type disaster.

OPINION

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.

OPINION

A Wuhan lockdown will not work here

Oped, Chartchai Parasuk, Published on 22/07/2021

» Originally, I planned to write an article titled "Will it be a soft landing or hard landing?" which would have been about the future of the world's financial markets and the economy.