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Showing 1-8 of 8 results
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Oligarchical market control isn't healthy
Oped, Pavida Pananond, Published on 02/12/2022
» On the face of it, the government of Prime Minister Prayut Chan-o-cha seems to be saying the right things about sustainable and inclusive growth. The prime minister himself has been touting a Bio-Circular-Green (BCG) economic model for Thailand, pitching it as the overarching theme of the recently concluded Asia-Pacific Economic Cooperation leaders' meeting. Yet, the political economy hidden underneath Gen Prayut's lofty rhetoric is becoming more short-term and exclusive, allowing wealth to be concentrated in fewer hands, giving a handful of conglomerates oligarchical control over the market.
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Thai economy out of sync, out of sight?
Oped, Pavida Pananond, Published on 27/08/2021
» The changing nature of globalisation, compounded by pandemic-induced disruptions require a rethink of Thailand's place and direction in the global economy. Already hampered by pre-Covid trends of global slowdown in trade and investment, the economy is facing tougher challenges as the pandemic has forced multinational companies to reconsider their supply chain configuration. The changing contours of the global economy on the one hand and ongoing political tensions at home that have delayed much-needed structural reforms on the other are becoming a perfect storm that could blow away Thailand's chances of maintaining its once central role in Southeast Asia's economic dynamism.
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Tesco buyout gives CP undue power
News, Pavida Pananond, Published on 13/03/2020
» The recent announcement by Charoen Pokphand (CP) group to buy Tesco's operations in Thailand and Malaysia for US$10.6 billion (335 billion baht) marks the retreat of Western retailers' presence in much of Southeast Asia. For Thailand in particular, CP's Tesco buyout comes with added business significance and consumer risks because the giant agribusiness conglomerate will now have undue dominance directly over local supply chains and indirectly over consumer choice and benefit. In this case, it is imperative that Thailand's regulator, the Office of Trade Competition Commission (OTCC), take a hard and close look to make sure CP's good deal does not become a raw deal for local suppliers and Thais.
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Finding a place for Thailand's SMEs
News, Pavida Pananond, Published on 23/08/2019
» Thailand's economy appears both odd and contradictory. On one hand, it continues to expand in the 3% range, an appealing growth trend by international standards. On the other hand, cursory and anecdotal evidence suggests the Thai economy is mired in a prolonged malaise.
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How US-China trade impacts Thailand
News, Pavida Pananond, Published on 14/09/2018
» Perhaps the most apt saying to apply to the so-called "trade war" between the United States and China is "when elephants fight, it is the grass that suffers".
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Global investment risk levels on rise
News, Pavida Pananond, Published on 18/01/2018
» Amid growing confidence of a global economic rebound and better domestic growth prospects, the 2018 investment outlook should not ignore downside factors that could hinder the long-run growth momentum. Structural challenges from policy uncertainties among the world's economic superpowers and saturating trade and investment flows through global value chains may cast more shadows over the local and global economy than the recovering numbers reveal.
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Role flip sees Thailand buy, invest in US
News, Pavida Pananond, Published on 05/10/2017
» In the new era of international commerce and diplomacy, role reversals are coming up everywhere.
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Govt needs to plan for long-term growth
News, Pavida Pananond, Published on 13/10/2015
» Thailand's economic growth forecast has been on a slippery slope. From official estimates early this year of upwards of 4%, the World Bank's latest projection now pegs economic expansion at just above 2%. This steady descent is underpinned by a global economic slowdown, especially in China. More disconcerting, it also points to Thailand's fuzzy politics and structural shortcomings that only clear policy direction with measured political predictability can address.
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