SEARCH

Showing 1-10 of 22 results

  • News & article

    Financial crisis looms over Thailand

    Oped, Chartchai Parasuk, Published on 25/01/2024

    » The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.

  • News & article

    Structural flaws impede our economy

    Oped, Chartchai Parasuk, Published on 21/03/2024

    » It took Japan 17 years to learn that a macroeconomic policy is for stabilising an economy, not stimulating growth. Due to low economic growth in the "lost decade" following the financial crisis in the autumn of 1997, the Bank of Japan adopted an unthinkable monetary policy of a negative interest rate in 2007 by pushing the short-term policy rate down to -0.1%.

  • News & article

    Soft or hard landing for Thai economy?

    News, Chartchai Parasuk, Published on 08/02/2024

    » Personally, I am sure the Thai economy will crash this year. I can even estimate the time when the crash will start. It is likely to be the month of May as several big economic bombs will explode that month. Confirmation of this belief came in December 2023's economic data. The most disturbing part is industry's capacity utilisation rate of 56.2% (seasonally adjusted), which is the second lowest in the world. The world's lowest is Nigeria!

  • 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

    Signs of economic slowdown alarming

    Oped, Chartchai Parasuk, Published on 12/01/2023

    » The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending money. I have two comments on this joyful news. Firstly, the ban on the sale of outbound group and package travel imposed by China's Ministry of Culture and Tourism on Jan 27, 2020, is still in effect. There is no telling when this ban will be relaxed or lifted. Second, the mass arrival of Chinese tourists was already factored into the World Bank's GDP growth projections. The Bank projected that the Thai economy would grow by 3.6% in 2023. To achieve such growth, the arrival of 22.4 million foreign tourists, with 6.2 million from China, was assumed.

  • News & article

    B600 minimum wage is quite doable

    Oped, Chartchai Parasuk, Published on 15/12/2022

    » The most debated economic topic of the month must be Pheu Thai Party's campaign promise to raise the minimum wage to 600 baht per day by 2027, from the current minimum wage of 354 baht.

  • News & article

    Risk of global financial crisis spiking

    Oped, Chartchai Parasuk, Published on 03/11/2022

    » I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some scars. Many shops have gone under, including my favourite 50-year-old sushi restaurant.

  • News & article

    War-hit Russian economy could fold

    Oped, Chartchai Parasuk, Published on 10/03/2022

    » It is a new kind of war -- economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia's economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment.

  • News & article

    When an economist meets a psychic

    Oped, Chartchai Parasuk, Published on 04/02/2021

    » I enjoy reading prophecies. There is one thing fortune tellers and economists have in common: they make predictions. As an economist, I use my knowledge, theories and actual data, to check whether these prophecies make economic sense.

  • News & article

    Let me play the role of Nostradamus

    Oped, Chartchai Parasuk, Published on 17/12/2020

    » Time flies. The dreadful year of 2020 is coming to a close. Therefore, I've decided to have fun by writing something "comical". No earth-shattering economic analysis. That will be the next article. This week I will make educated predictions of things that might happen in the year 2021. I am no fortune teller, but I will try my best.

Your recent history

  • Recently searched

    • Recently viewed links

      Did you find what you were looking for? Have you got some comments for us?