Showing 1-10 of 33 results
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Digital wallet should be implemented
Oped, Thitinan Pongsudhirak, Published on 16/02/2024
» The big debate in Thailand's current economic policy planning is whether the economy is facing a crisis or not. The government of Prime Minister Srettha Thavisin, who doubles as finance minister, has contended that there is an economic crisis in dire need of both monetary policy loosening and fiscal stimulus, particularly the 500-billion-baht digital wallet scheme. The Bank of Thailand, supported by a clique of economists apparently critical of the government's "populist" policy measures, asserts otherwise that an economic recovery is in progress without the need to lower the benchmark repurchase rate.
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Post-poll lull has a lot to answer for
Oped, Thitinan Pongsudhirak, Published on 26/05/2023
» After a clear election victory, Thailand should already have a new government in office by now with Pita Limjaroenrat as prime minister, as his Move Forward Party (MFP) together with opposition ally Pheu Thai Party won a clear mandate of more than 58% of 500 lower house seats. Yet their coalition government in waiting among eight parties with 313 elected representatives is facing several critical roadblocks, including the military-appointed senate and the Election Commission (EC). Public pressure is now needed to be piled on these powerful but biased bodies that were appointed during the coup-dominated era in 2014–2019 to comply with the people's wishes, as expressed at the polls on May 14.
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Done and emerging battles in Thai poll
Oped, Thitinan Pongsudhirak, Published on 28/04/2023
» Thailand's poll-leading Pheu Thai Party (PTP) is fighting a war it has already won. Consequently, its pledged freebie of 10,000 baht in a digital wallet for Thai people is superfluous and unnecessary. As the populism war has run its course, a new battleground revolving around the reform and adjustment of traditional centres of power is emerging. The fight in this new battle, being led by the Move Forward Party (MFP), is likely to last into the foreseeable future as the next stage in Thailand's modernisation imperative in the 21st century.
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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.
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Geopolitical takeaways from SEA meets
Oped, Thitinan Pongsudhirak, Published on 25/11/2022
» Southeast Asia's summit season has come and gone with takeaways that concurrently eased geopolitical tensions and underlined risks that could lead to future global conflict. The three major summits -- the East Asia Summit (EAS) in Phnom Penh, the G20 in Bali, and the Asia-Pacific Economic Cooperation (Apec) in Bangkok -- also demonstrated that the Covid-19 pandemic over 2020-21 has been practically overcome as in-person meetings are back in full force. Overall, the three hosts came away with mixed highlights.
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Apec's geopolitics and geoeconomics
Oped, Thitinan Pongsudhirak, Published on 11/11/2022
» The upcoming leaders' meeting in Bangkok among the 21 member economies of the Asia-Pacific Economic Cooperation (Apec) should be seen in conjunction with its preceding Asean-related summits in the Cambodian capital of Phnom Penh and the G20 summit in Bali, the Indonesian island resort. This one-two-three combination in three Southeast Asian countries over a ten-day period is supposed to showcase Asean's central role in the promotion of peace, security and prosperity in the region and the wider world. But as Asean's summit season gets underway in Cambodia, excitement and promise have given way to anxieties and apprehensions. While these summit talks are an extraordinary opportunity to tone down geopolitical temperatures and geoeconomic competition, they are likely to yield mixed results.
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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.
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Geoeconomics of the US-China tech war
Oped, Thitinan Pongsudhirak, Published on 16/09/2022
» Chinese President Xi Jinping's arrival in Central Asia this week in his first overseas travel in nearly three years is perhaps the most consequential irony of the coronavirus pandemic. As the place where the deadly pandemic began in early 2020, China was the first to swiftly and successfully suppress and contain Covid-19 within weeks, while its counterparts in North America and Europe languished for months under mounting death tolls and hospitalisations.
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Global politics in dangerous territory
Oped, Thitinan Pongsudhirak, Published on 02/09/2022
» While Russia's profound and transformational invasion of Ukraine on Feb 24 has fundamentally reshaped and reinforced contentious trends and contours in the geopolitics and geoeconomics of Asia, it did not set out a new direction in world politics. The international system had already been unravelling over the past decade, underpinned by the United States-China geostrategic rivalry and competition. Given deteriorating patterns and trends, the international environment is entering dangerous territory where what seemed unthinkable not long ago may soon appear to be very conceivable indeed.
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Asean/SE Asia and the cycles of history
Oped, Thitinan Pongsudhirak, Published on 10/06/2022
» The simmering geopolitical tensions between the United States and China and Russia's ongoing invasion of Ukraine have turned the tide of history back to its historical norm. It is easy to see the global stage today as full of tension, confrontation, and conflict in a recurrent fashion. But it is worth recalling that merely 30 years ago, the world was in a different phase where a lasting peace seemed viable.
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