• OPINION

  Why do I smell tom yum kung cooking?

  Oped, Chartchai Parasuk, Published on 10/08/2023

  » Readers who follow my bi-weekly economic column will have no doubt that the tom yum kung I am referring to is not a traditional Thai soup dish but the financial crisis of 1997.

• OPINION

  Is it all the Bank of Thailand's fault?

  News, Chartchai Parasuk, Published on 12/09/2019

  » Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.

• OPINION

  Putting a dampener on Thai recovery

  Oped, Chartchai Parasuk, Published on 26/01/2023

  » After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the Russia-Ukraine war. These negative factors prompted the World Bank to revise its global economic growth prospects downward from 3.0% to 1.7% for 2023. The key point is a marked slowdown from 2.9% growth in 2022.

• OPINION

  An Asean country might be near a crisis

  Oped, Chartchai Parasuk, Published on 20/10/2022

  » I am talking about an imaginary country which is a member of Asean. This country may or may not exist. To avoid unnecessary negative repercussions, this country shall remain nameless and be referred to as country "N" with its currency "D". This country is the star of Asean with a 5-year average GDP growth rate of 7% prior to the Covid outbreak.

• OPINION

  BoT can't afford to hold interest rates

  Oped, Chartchai Parasuk, Published on 14/07/2022

  » Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.

• OPINION

  Yuan won't outrank dollar anytime soon

  Oped, Chartchai Parasuk, Published on 07/04/2022

  » The issue of the Chinese yuan as a premier international currency has been around for quite some time. Right now, only 3% of international trade transaction is conducted in yuan and, correspondingly, central banks around the world keep only 3% of their international reserves in Yuan. To most, this is quite puzzling as China is the world's second-largest economy with a GDP portion of 13.04% of world GDP and is the world's largest exporter with a global market share of 14.7%.

• OPINION

  Omicron's threat to global supply chain

  Oped, Chartchai Parasuk, Published on 13/01/2022

  » By definition, a supply chain disruption is any event that causes a disruption in the production, sale, or distribution of products. Supply chain disruptions can include events such as natural disasters, regional conflicts, and pandemics.

• OPINION

  Weighing the value of cryptocurrencies

  Oped, Chartchai Parasuk, Published on 16/12/2021

  » I am sure that almost everybody has heard about cryptocurrencies. Some might even be investing in them. But few understand what are they really for and, most importantly, how should they be valued? As of Dec 15, one Bitcoin had a market price of US$48,144 (slightly over 1.6 million baht per coin).

• OPINION

  Govt must spend this B500bn wisely

  Oped, Chartchai Parasuk, Published on 27/05/2021

  » It is now official. An emergency decree authorising the Ministry of Finance to borrow money to solve the economic and social problems arising from the Covid-19 outbreak was published in the Royal Gazette on Tuesday. However, the authorised amount is 500 billion baht, not 700 billion baht as we had heard from various sources. The spending is divided into three categories: 30 billion baht for healthcare management; 300 billion baht for economic relief programmes, and 170 billion baht for economic recovery projects.

• OPINION

  More thoughts on the post-Covid world

  Oped, Chartchai Parasuk, Published on 27/08/2020

  » News about Covid-19 vaccine development in Russia and other countries offers a ray of hope the pandemic could be ending soon and the world economy may return to normal.

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