• OPINION

  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.

• OPINION

  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.

• OPINION

  Thailand's holding pattern till next poll

  Oped, Thitinan Pongsudhirak, Published on 10/09/2021

  » Thailand's recent no-confidence debate in parliament started with a bang and ended with a whimper. Prime Minister Prayut Chan-o-cha and five other cabinet members who were grilled by opposition MPs for pandemic mishandling, budget irregularities and overall mismanagement and incompetence sailed through the parliamentary vote based on the coalition government's strength in MP numbers rather than the merits of its governance.

• OPINION

  Prayut govt stuck in self-made trap

  Oped, Thitinan Pongsudhirak, Published on 02/07/2021

  » Thailand's multi-layered crises from persistent virus infections and vaccine shortages to economic damage are building up into a potential political upheaval. The ravaging Covid-19 crisis is worse than the infamous Tom Yum Kung economic crisis in 1997-98. This time, the military-predominant government of Prime Minister Prayut Chan-o-cha is stuck in multiple traps of its own making. Getting out of this predicament means the pandemic situation is likely to get a lot worse before any hope of recovery and way forward can be found.

• OPINION

  Prayut government seems bullet-proof

  Oped, Thitinan Pongsudhirak, Published on 21/05/2021

  » The passage of time shows the government's growing lack of accountability. In fact, the government of Prime Minister Prayut Chan-o-cha appears the most unaccountable on record because it has been the most incompetent. Myriad charges from policy mismanagement and blatant irregularities to outright constitutional violations have been levied against the government but none have stuck. Although some attribute this phenomenon to Gen Prayut's "Teflon" qualities, a more accurate understanding may well be that his cabinet is somehow bullet-proof. Charges can stick but they cannot penetrate.

• OPINION

  Thai-Australian ties in the regional mix

  Oped, Thitinan Pongsudhirak, Published on 05/06/2020

  » Unlike the externally originated coronavirus pandemic, the mass protests in the United States in the aftermath of George Floyd's wrongful death at the hands of police officers in Minneapolis are internally driven. Seen from outside, the public fury, street demonstrations and ensuing violence over the fatal suffocation of Floyd, a black man, yield geopolitical ramifications. If the US is socially unwell and geopolitically unreliable, regional states in Asia will have to respond accordingly in view of the US-China rivalry and competition. A case in point is Thailand-Australia relations in the regional mix.

• OPINION

  Thai Airways a microcosm of Thailand

  Oped, Thitinan Pongsudhirak, Published on 29/05/2020

  » Not so long ago, when air travel was not so commonplace, Thai nationals studying and working abroad could feel like they were half-way home when they saw Thai Airways (THAI) planes on tarmacs around the world. It was a symbolic comfort to know that getting on one of the national flag carrier's aircraft would eventually end up getting them home. As THAI has entered a massive and unprecedented reorganisation plan, the national airline is a microcosm of Thailand itself.

• OPINION

  Geopolitical outcomes beyond Covid-19

  Oped, Thitinan Pongsudhirak, Published on 15/05/2020

  » The coronavirus crisis is on course to significantly reshape and realign the pecking order among nations in geopolitics. Rather than a fundamental shift in patterns and contours, the likely geopolitical outcomes beyond Covid-19 appear to reinforce pre-existing trends and dynamics. As the two competing superpowers, neither the United States nor China will come out of the pandemic period with flying colours.

• OPINION

  Moral dilemmas of handling the virus

  Oped, Thitinan Pongsudhirak, Published on 03/04/2020

  » It is hard to calibrate a commensurate response to the coronavirus (Covid-19) pandemic. Owing to the lack of accurate and reliable information, a media feeding frenzy and the mass psychology of fear, the choice has become all or nothing, not much in between. Individuals, societies and states worldwide are now incentivised to overdo it and err on the side of caution, being safe rather than sorry. This means that the likelihood of "overshooting" with Covid responses is likely to heighten in the foreseeable future in view of morally unacceptable alternatives.

• OPINION

  Thailand needs firmer Covid-19 action

  Oped, Thitinan Pongsudhirak, Published on 20/03/2020

  » While being on the right track, the government's latest response to the new coronavirus (Covid-19) by closing schools and entertainment venues, as well as putting off the Songkran break, is likely to prove too little, too late, once again. As other countries have shown, the sooner firm and hard measures are put in place, the better and likelier efforts to contain and remedy Covid-19 will be successful. An early global lesson from the fast-spreading virus is to be pre-emptive and pro-active, "front-loading" the pain of social adjustments and economic damages rather than playing catch-up and ultimately paying a higher price.

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