Showing 1 - 10 of 11
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.
Global, regional, local trends for 2023
Oped, Thitinan Pongsudhirak, Published on 23/12/2022
» Although economic predictions are usually reserved for the foolhardy, as the future is always difficult to ascertain, there are certain trend lines and probabilities that can be discerned at the global and regional level as well as the local level here in Thailand. As a year-end exercise, we can tease out a few contours with a reasonably high degree of probability.
Next poll brings highest stakes, risks
Oped, Thitinan Pongsudhirak, Published on 09/12/2022
» In the face of the myriad of questions and issues that beset Thai politics in the lead-up to the general election, which must be held by May 7, the biggest facts and dilemmas are not being raised. Prime Minister Prayut Chan-o-cha is now headed to complete nine years in office, the first five of which were under a military government after he and his cohorts seized power by force in May 2014, and the last four under an elected coalition government enabled by the 2017 constitution crafted by a committee the ruling generals had set up. Moving forward, Thailand risks settling into a prolonged period of economic stagnation and political decay unless there is a qualitative change of government after the poll.
Post-Covid headwinds hit the region
Oped, Thitinan Pongsudhirak, Published on 14/10/2022
» As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.
Correcting the pandemic policy tack
Oped, Thitinan Pongsudhirak, Published on 30/07/2021
» That Thailand's coronavirus pandemic has been grossly mismanaged is self-evident. Infection rates have soared to new highs this month while vaccine availability and access remain shoddy and abysmal. The overstretched healthcare system is creaking under growing demand, while several scenes so far of Covid-afflicted people being left to die on the streets have shaken the country's collective morale and elicited soul-searching questions about how Thailand has managed to reach this dire juncture.
Geopolitical outcomes beyond Covid-19
Oped, Thitinan Pongsudhirak, Published on 15/05/2020
» The coronavirus crisis is on course to significantly reshape and realign the pecking order among nations in geopolitics. Rather than a fundamental shift in patterns and contours, the likely geopolitical outcomes beyond Covid-19 appear to reinforce pre-existing trends and dynamics. As the two competing superpowers, neither the United States nor China will come out of the pandemic period with flying colours.
Asean must unite to resolve Covid-19
News, Thitinan Pongsudhirak, Published on 27/03/2020
» As the Covid-19 pandemic runs its course and wreaks havoc worldwide, the numbers look bleak. Nearly 500,000 people have been infected, and more than 21,000 had died as of Thursday. The international system has reverted to every country for itself, as borders have gone up and globalisation has come down. The world as we knew it is unlikely to be the same, but regions as they were remain relevant. Here, Asean, as Southeast Asia's regional bloc, must face up to the crisis together or risk being torn apart by it.
Thai luck runs out with attack on shrine
News, Thitinan Pongsudhirak, Published on 04/09/2015
» For a country that has done so well for so long in navigating the treacherous waters of international life, Thailand's luck may have run out with the bomb attack on the Erawan shrine in central Bangkok on Aug 17.
Shrine saga throws up bluster, but few facts
News, Thitinan Pongsudhirak, Published on 28/08/2015
» The fog of Thai crisis management can be thick and heavy. Almost a fortnight after a powerful bomb explosion rocked the landmark Erawan shrine area in central Bangkok and claimed 20 lives with scores of injuries, Thai authorities have made just about zero progress.
Electoral democracy can still succeed
News, Thitinan Pongsudhirak, Published on 06/02/2014
» That the election last Sunday was inconclusive and incomplete was a foregone conclusion. However, its controversial results revealed much more than many anticipated. Despite the uncertainty of the poll results, only 89.2% of which are complete, electoral democracy still works in Thailand. Eventually, it must be allowed to work within the rules of Thailand's democratic system for outcomes to be valid and sustainable.