Showing 1 - 10 of 53
2026 will be a year of debt struggles
Oped, Chartchai Parasuk, Published on 08/01/2026
» Forget GDP growth. Forget tourist arrivals. Forget export figures. In 2026, Thailand's overriding economic challenge will not be growth but debt repayment.
Can world weather another crisis?
Oped, Jayati Ghosh, Published on 07/11/2025
» As stock markets hit record highs, rising financial fragility is setting off alarm bells across the United States and Europe. The International Monetary Fund has recently echoed these concerns, stoking fears of a looming crisis.
Thailand has lost its last growth engine
Oped, Chartchai Parasuk, Published on 29/05/2025
» Thailand has lost its last engine of growth and people are abandoning hope for a decent life.
Untangling bond market credit ratings
Oped, Pichamon Keakij and Dollada Kasarn, Published on 07/05/2025
» The Thai bond market now averages 65 billion baht in daily transactions -- a remarkable increase from just 1 million baht in 1994.
This UN debt initiative is different
News, Mahmoud Mohieldin, Paolo Gentiloni, Trevor Manuel and Yan Wang, Published on 07/04/2025
» Economic development requires financing that is affordable, accessible and has maturities matched to development outcomes. Yet for most developing countries, none of the above apply. Instead, an escalating "debt disaster" is unfolding across much of the developing world, exacerbated by a series of cascading global crises.
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.
Risk of financial crisis creeps ever closer
Oped, Chartchai Parasuk, Published on 06/02/2025
» When I started writing this article last week, I said to myself: "This might be another article no one will believe." Financial crisis? You must be out of your mind. The situation seems to be under control and it is likely to improve in 2025. After all, the Ministry of Finance has projected GDP growth for this year to be 2.5% to 3.5%, with a base case of 3.0%. No crisis can happen under such healthy growth, surely.
Will Thailand's economy cheat death?
News, Chartchai Parasuk, Published on 23/01/2025
» 'He and the other survivors have briefly cheated death, but will not be able to evade their fate for very long." A movie buff will know this comes from Final Destination and the "he" in the quote refers to Alex Browing, the movie's main character.
Household debt plan has many flaws
Oped, Chartchai Parasuk, Published on 28/11/2024
» It is unanimously agreed that household debt is one of the major economic problems of Thailand. Non-performing loans (NPL) from household debt amount to 1.2 trillion baht according to the National Credit Bureau (NCB). If it includes Special Mentioned (SM) debt (31-90 days of default), the bad debt level would rise to 1.7 trillion baht, or about 12.3% of total household debt outstanding.
Moving towards a fifth world order
Oped, Gordon Brown & Mohamed A El-Erian, Published on 26/10/2024
» The Bretton Woods institutions -- the International Monetary Fund and the World Bank -- are now 80 years old. But they are as under-resourced and poorly supported by national governments as at any time in their history. Their predicament is perhaps the clearest sign that economic and financial multilateralism is fragmenting along with the global economy. Worse, this fragmentation comes at a time of rising international tensions, financial fragility, sputtering growth, rising poverty, and mounting reconstruction bills in Gaza, Lebanon, Ukraine, and elsewhere.