• News & article

  Time to stop making empty promises

  Oped, Chartchai Parasuk, Published on 07/03/2024

  » The Nikkei 225 Index just broke 40,000, surpassing the record high of 1989. The stellar stock market performance happened amid the fact that Japan's economy is officially in recession after two consecutive quarters of negative GDP growth.

• News & article

  Will foreign investors still be wooed?

  Oped, Chartchai Parasuk, Published on 28/12/2023

  » This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.

• 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

  Getting ready for a new economic era

  Oped, Chartchai Parasuk, Published on 01/06/2023

  » Admittedly, I did not vote for Move Forward Party (MFP). I did like the idea of pro-democracy, equality for all, people-centric policies, and de-monopolisation, all of which they espouse.

• News & article

  New govt faces 4 economic time bombs

  Oped, Chartchai Parasuk, Published on 18/05/2023

  » The election result is already out and Thailand is heading for a big policy change. As the party with most seats, the Move Forward Party will form the government. The second place-getter -- the Pheu Thai Party -- has agreed to be in the coalition. These two parties, however, have totally different views on how to run the economy.

• News & article

  A new middle class and core industries

  Oped, Chartchai Parasuk, Published on 04/05/2023

  » This article, after a few interruptions, is Part 3 of "Changing Thailand: The Series." It began with a prologue that presented an overview, emphasising that Thailand has been lagging behind its neighbours in terms of per-capita income growth.

• News & article

  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.

• News & article

  Fed's rate rises might have way to go yet

  Oped, Chartchai Parasuk, Published on 28/07/2022

  » By the time this article is published, readers will know how much the US Fed funds rate has been raised for the fourth time this year. It does not really matter whether the rate is raised by 0.75% or 1% this time because the Fed will need to keep raising the rate (FFR) until it can effectively control inflation.

• News & article

  How far should interest rate hikes go?

  Oped, Chartchai Parasuk, Published on 16/06/2022

  » No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will be introduced at the upcoming Monetary Policy Committee (MPC) meeting scheduled for Aug 10.

• News & article

  In the end, economic theories prevail

  Oped, Chartchai Parasuk, Published on 02/06/2022

  » I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.

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