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  • News & article

    Dear Santa: Please send $14 billion

    Oped, Chartchai Parasuk, Published on 02/11/2023

    » What Thailand needs is money, money -- and money. The government needs 560 billion baht to run its 10,000 baht cash handout programme next year, and the country needs (at least) 420 billion baht to prevent the 4th quarter economy from collapsing.

  • News & article

    Debt crisis looms as politicians fiddle

    News, Chartchai Parasuk, Published on 29/06/2023

    » While politicians are fighting for power to rule this country, the economy may unknowingly be entering a debt crisis. There was a piece of news a couple of weeks ago which passed without much notice amid sizzling political stories. It was news of the automobile loan default problem.

  • News & article

    Whoever takes office will inherit a mess

    Oped, Chartchai Parasuk, Published on 15/06/2023

    » The election result is clear and the MOU to form a 312-seat government in the 500-seat parliament is agreed. But who will lead Thailand and its economy for the next four years is unclear. Whether it will be a pro-equality government, pro-growth government, or even a pro-big-spending government remains in doubt.

  • News & article

    No choice but to open the economy

    Oped, Chartchai Parasuk, Published on 14/10/2021

    » There are not many countries on this planet that depend on outside markets like Thailand. Exports of goods account for 54% of GDP while foreign tourism income accounts for another 12% -- totaling 66% of GDP. The rest is made up by domestic private consumption.

  • News & article

    New Year economic wishfulness

    News, Chartchai Parasuk, Published on 02/01/2020

    » 'Nothing comes from nothing. Nothing ever could." Of course, many will recognise these song lyrics from the motion picture The Sound of Music. But this phrase actually dates back to ancient Greece and the time of Aristotle. It is a foundation of all science: nothing can be created out of nothing. Economic science also follows this principle strictly. For a better economy, we first need a better economic environment. Thus, for a better economy this year, we need a better economic environment than in 2019. Will that be the case for Thailand?

  • News & article

    Time to bring the baht to heel for sake of economy

    News, Chartchai Parasuk, Published on 22/11/2019

    » Complaints about the strong baht are growing louder by the month. Many are puzzled at why Thailand's currency keeps appreciating despite a weakening economy and falling exports. At the beginning of the year, the US dollar/baht rate was at 32.33. As of Wednesday, the baht had strengthened to 30.18 per dollar.

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