Showing 1-10 of 11 results
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Welcome the Rooster and a new world chapter
Business, Tientip Subhanij, Published on 27/01/2017
» The great thing about the new year is that there is more that one celebration to look forward to. Chinese New Year starts tomorrow and the Thai New Year is coming in April. So if you haven't made -- or kept -- any new year resolutions, there is still a chance to start over.
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An older, smaller world
Business, Tientip Subhanij, Published on 25/03/2016
» My grandmother just celebrated her 94th birthday this month. She is one of the lucky 0.2% of people aged over 90 in the world. Despite the more frequent economic and social crises that we face these days, we are actually living longer and healthier lives. The global median age has increased from 23.5 years in 1950 to 29.6 today and is projected to increase to 36.1 by 2050. This is also associated with a significant gain in global life expectancy -- from 47 years in the early 1950s to 70.5 today.
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Life after the eventual Fed rate hike
Business, Tientip Subhanij, Published on 25/09/2015
» People often ask me what will happen to the value of the baht. After the US Federal Reserve's decision to hold back from raising interest rates last week, the questions have only increased. The Thai currency has depreciated a lot this year, falling by 9.57%, much more than the often-talked-about yuan devaluation, which sent that currency declining by only 2.75% so far this year. We are, however, not alone in this devaluation trend. Malaysia and Indonesia have seen their currencies tumble as much as 23% and 17.5%, respectively.
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India: The world's next shining star
Business, Tientip Subhanij, Published on 31/07/2015
» Good news is hard to find these days, especially in Thailand. Our exports tumbled 7.87% in June, resulting in a 4.84% contraction in US dollar value in the first six months of the year. Meanwhile, the stock market is falling almost every day as corporate earnings weaken.
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The curious paradox of Thai education
Business, Tientip Subhanij, Published on 03/07/2015
» One of the oldest and most prestigious international academic competitions opens tomorrow in Thailand. The International Mathematical Olympiad (IMO) will be held in Chiang Mai until July 16. This is the first time Thailand has held such an important event since its inception 56 years ago.
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Thai democracy: The end or the beginning?
Business, Tientip Subhanij, Published on 30/05/2014
» A lot of things have happened this month. For a start, I am one year older and, hopefully, happier. I also finally got started on doing many things I had long wanted to do but kept putting off. On a broader level, the Thai economy is doing even worse than expected — it contracted by 0.6% in the first quarter from a year earlier. More surprising was last week’s swift coup, transformed so quickly from a state of nationwide martial law.
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2014 markets: Don't worry, but don't be too happy
Business, Tientip Subhanij, Published on 31/01/2014
» Happy Chinese New Year! The start of a year usually brings hope and optimism into our lives. For the global economy, the Year of the Horse promises to be a better year despite the recent currency crisis in emerging markets. Many of the challenges we faced have either abated or have been overcome.
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Some thoughts that will keep you up at night
Business, Tientip Subhanij, Published on 25/10/2013
» This Halloween the worst may be over for the world in general, but many people are still worried about economic conditions. In fact, the latest World Economic Outlook from the International Monetary Fund pointed to the rather spooky state of the global economy. It expects growth to expand by only 2.9% this year and 3.6% in 2014 _ down by 0.3 and 0.2 points respectively compared to the predictions it made just three months ago.
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Secular stagnation and endless protests
Business, Tientip Subhanij, Published on 29/11/2013
» Once again, it has been a terrible month for Thai politics. Tension is building up everywhere. After the conflict over a wide-ranging amnesty bill that would have eased former prime minister Thaksin Shinawatra's return to the country, even greater opposition mounted over the Constitution Court ruling on the charter amendment bill. One thing led to another. Now tens of thousands of protesters have gathered for massive anti- and pro-government rallies, the biggest we have seen in three years.
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Coping with weaker growth
Business, Tientip Subhanij, Published on 26/10/2012
» Each quarter, the International Monetary Fund (IMF) assesses the global economy in its World Economic Outlook report. What is particularly interesting about the recent assessment released earlier this month is that despite major central banks' efforts to inject a large amount of liquidity into the world financial system, the IMF lowered global growth expectations to just 3.3% this year from an earlier estimate of 3.5%. This would make the slowest year of growth since 2009, when the world was struggling to emerge from the global financial crisis. It also predicted only a modest improvement in next year's growth of 3.6%, lower than its previous estimate of 3.9%.
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