• OPINION

  Financial crisis looms over Thailand

  Oped, Chartchai Parasuk, Published on 25/01/2024

  » The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.

• OPINION

  2024 financial crisis may be a silent one

  Oped, Chartchai Parasuk, Published on 04/04/2024

  » When an economy faces a financial crisis, it can create a big bang like the mass collapse of financial institutions such as during the Great Depression of the 1930s, the Thai Tum Yum Kung crisis of 1997, the Japanese financial crisis in late 1997, and the US Hamburger crisis of 2008.

• OPINION

  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.

• 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

  Will foreign investors still be wooed?

  Oped, Chartchai Parasuk, Published on 28/12/2023

  » This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.

• OPINION

  A 4-win solution to the handout plan

  News, Chartchai Parasuk, Published on 30/11/2023

  » There could be a four-win solution to the 10,000-baht cash handout scheme.

• OPINION

  Liquidity shortage a big risk for govt

  News, Chartchai Parasuk, Published on 16/11/2023

  » Liquidity is the most ignored issue in economics. Liquidity is considered to be like "oxygen" which is readily available when needed and, thus, has no intrinsic value.

• OPINION

  Better options to govt's cash handout

  Oped, Chartchai Parasuk, Published on 19/10/2023

  » The 10,000-baht cash handout scheme has been under heavy criticism. More than 100 economists, led by two ex-Bank of Thailand governors, oppose the scheme that would bring more harm than good.

• OPINION

  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.

• OPINION

  Pheu Thai's cash handouts a likely flop

  Oped, Chartchai Parasuk, Published on 24/08/2023

  » The title of this article says it all. Pheu Thai Party's flagship economic stimulus policy of handing out 10,000 baht to all Thais aged above 16 years old, with an estimated cost of 560 billion baht, will most likely fail to stimulate (or jump-start) the economy from the recent economic slump.

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