Showing 1 - 10 of 117
Why the US can't win trade war with China
Oped, Published on 22/05/2024
» Allegations about China's manufacturing overcapacity have sparked heated discussions among policymakers. During her visit to China in April, US Treasury Secretary Janet L Yellen reportedly argued that "when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question", adding that it was the same story a decade ago.
How elections bring about a cycle of devaluation
Oped, Jeffrey Frankel, Published on 01/05/2024
» The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching.
Handout difficult without BoT's help
Oped, Chartchai Parasuk, Published on 18/04/2024
» The purpose of this article is to educate the public about the real issue of the digital wallet scheme. The issue is not "HOW to get the 500 billion baht?" but "Is there 500 billion baht AVAILABLE to be borrowed?"
It'll take more than patriotism to save the ringgit
News, Daniel Moss, Published on 28/03/2024
» Malaysia wants to be great again, at least in foreign exchange. The nation's currency recently approached a level seen as near-catastrophic during the Asian financial crisis of the late 1990s. Authorities insist the ringgit is way too cheap and blame forces outside the country, chiefly high interest rates in the US. The remedies are modest, compared with the shock therapy meted out a couple of decades ago.
Time to stop making empty promises
Oped, Chartchai Parasuk, Published on 07/03/2024
» The Nikkei 225 Index just broke 40,000, surpassing the record high of 1989. The stellar stock market performance happened amid the fact that Japan's economy is officially in recession after two consecutive quarters of negative GDP growth.
Thailand's central bank dependence
Oped, Thitinan Pongsudhirak, Published on 23/02/2024
» To proponents of central bank independence, the ongoing friction between Prime Minister and Finance Minister Srettha Thavisin and Bank of Thailand Governor Sethaput Suthiwartnarueput appears straightforward. The prime minister is putting unwarranted and unfair pressure on the central bank governor to spur the economy by loosening monetary policy and cutting interest rates. Yet, on closer scrutiny, the entrenched politicisation of central banking in Thailand may suggest otherwise. There is more than meets the eye in the politics of interest rate cuts.
Time to ease Thai bond market rules
Oped, Published on 14/02/2024
» The Thai bond market, with massive valuations surpassing 16.7 trillion baht as of the end of the third quarter of 2023 and continuous prospective growth, is a crucial mechanism in the capital market and the Thai economy. Net market value could rise by over 386 million baht per year if legal restrictions on bond trading are unlocked.
Why we need to care about Myanmar
Oped, Johanna Son, Published on 03/02/2024
» Myanmar is entering its fourth year since the Feb 1, 2021 military coup. Its multiple crises continue -- a mix of economic difficulties and a humanitarian catastrophe -- at a time when armed conflict, including anti-junta resistance, has now spread to most of its regions.
A new policy agenda for Asia
Oped, Published on 01/02/2024
» The global economic landscape is changing fast. Scarring from the Covid-19 pandemic has weakened potential growth, making slower income gains the new normal for many countries.
Sri Lanka debt overhaul harms older women
Oped, Published on 26/01/2024
» The World Bank's Women, Business, and the Law Index has documented a persistent gender pension gap in rich and poor countries. This is partly because of gender-based legal disparities, such as lower mandatory retirement age for women and the lack of pension credit for periods of childcare. Because women have shorter working lives, earn less, and have a longer life expectancy than men, they often receive lower benefits, which must last longer. But the problem is most acute in low- and middle-income countries. Around two-thirds of the world's population aged 60 and older live in the developing world, and that share is projected to rise to 80% by 2050. And, as Sri Lanka's recent restructuring has shown, the mounting sovereign debt crisis threatens to erode retirement savings further, pushing even more older women into poverty.