Showing 1 - 10 of 83
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.
Deja vu as charter court weighs MFP ban
Oped, Thitinan Pongsudhirak, Published on 12/01/2024
» It is déjà vu in Thai politics this month as Thailand's biggest elected political party and its leader face Constitutional Court verdicts that could lead to a familiar dissolution and ban. At issue is the political future of Pita Limjaroenrat and the fate of the Move Forward Party (MFP), which he led to a stunning victory at the election last May. However the verdicts come out, they might be perceived by pundits as decided by the political winds of the day.
Tolerating populism for democracy
Oped, Thitinan Pongsudhirak, Published on 13/10/2023
» The so-called “super deal” in August that resulted in the return of Thaksin Shinawatra and the formation of the Pheu Thai Party-led coalition government under Srettha Thavisin evidently has its limitations. It appears to be rejected by sections of the conservative old guard who still wants to resort to extra-parliamentary ways and means to undermine Thailand’s delicate parliamentary democracy. Reminiscent of past protests against Mr Thaksin’s brand of populism, a new round of extra-parliamentary political movement has begun in earnest with the petition launched by 99 prominent economists, including former central bank governors, against the Srettha government’s 10,000-baht digital wallet policy.
What's next for post-Thaksin Thailand?
Oped, Thitinan Pongsudhirak, Published on 08/09/2023
» The formation of a new coalition government under Prime Minister Srettha Thavisin has closed a two-decade chapter in Thai politics.
The continuing crisis of Thai democracy
Oped, Thitinan Pongsudhirak, Published on 11/08/2023
» The prolonged volatility and instability in Thai politics attest to a continuing crisis of democracy since the military coup in September 2006. It is characterised by the nature, direction and duration of government after an election. Unless the poll-topping political party is backed by the conservative military-authoritarian regime, it is either not allowed to take power or gets overthrown while in office before completing its term. This crisis of Thai democracy has now persisted since the May 14 poll, as the formation of the next government remains stuck in a stalemate.
Thai charter court deserves scrutiny
Oped, Thitinan Pongsudhirak, Published on 04/08/2023
» Amid the volatility and confusion during the interim since the May 14 election, Thailand's Constitutional Court has further thickened the plot by accepting a petition to rule on whether a parliamentary vote using the meeting rules to deny the renomination of Move Forward Party leader Pita Limjaroenrat's premiership was unconstitutional.
Our custodial democracy on display
Oped, Thitinan Pongsudhirak, Published on 21/07/2023
» After a watershed election and a clear message from voters for change, the integrity of Thailand's democratic system has come into question. It turns out that election results are only necessary but not sufficient to form a government and run this country.
The tide of history shifts in Thai politics
Oped, Thitinan Pongsudhirak, Published on 02/06/2023
» Notwithstanding the ongoing political shenanigans by appointed agencies to shape final outcomes after the May 14 poll, Thailand already will never be the same again. The Move Forward Party's (MFP) victory as the largest winning side, with 151 out of 500 parliamentary seats, is profound but not unprecedented. Together with the Pheu Thai Party's 141 MPs, these two opposition parties are unwittingly sending a message to each other and to the broader political establishment that the curve of Thai history is shifting tectonically. Failing to grasp and adjust to this evolving tide of history could marginalise Pheu Thai and challenge the establishment to its core foundations.
Charter a straitjacket on democracy
Oped, Thitinan Pongsudhirak, Published on 19/05/2023
» The military-appointed constitution drafting committee that was set up after the coup in 2014 surely knew what it was doing. It crafted a charter in 2017 that now acts as a straitjacket on Thailand's democratic outcome from the general election last Sunday.
No exit from our democratic future
Oped, Thitinan Pongsudhirak, Published on 05/05/2023
» As Thailand's much-anticipated poll on May 14 heads into its homestretch, several clear trends and patterns are emerging to suggest that democratisation is making an inexorable comeback in this country, with positive implications for Southeast Asia and beyond. The immediate road ahead in Thai politics will likely still be bumpy, potentially marked by more judicial interventions and electoral manipulation, or even another military takeover, to thwart the people's choices at the poll. But eventually, pro-democracy forces backed by the Thai people's demand for change will come back time and again until there is a rebalanced, representative and reworked constitutional order in place.