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OPINION

VAT hikes alone won't narrow deficit

Oped, Chartchai Parasuk, Published on 27/11/2025

» This article is not meant to attack Finance Minister Ekniti Nitithanprapas’s Medium-Term Fiscal Framework (MTFF) for the fiscal years from 2026 to 2030. It is meant to emphasise the fragility of a Thai fiscal position that requires multiple revenue enhancement measures.

OPINION

Thailand now 'the sick man of Asean'

Oped, Chartchai Parasuk, Published on 30/10/2025

» The inspiration for this article comes from the International Monetary Fund's (IMF) World Economic Outlook (WEO) report for the month of October.

OPINION

Making Cambodia pay for border row

Oped, Chartchai Parasuk, Published on 02/10/2025

» What I am covering today is a sensitive issue that all economic research houses, both government and private, avoid talking about. That is the economic impact of the border dispute between Thailand and Cambodia.

OPINION

The baht is almost as good as gold

Oped, Chartchai Parasuk, Published on 18/09/2025

» The baht is undoubtedly the strongest currency in the region. Over this year, the baht has appreciated 4.45% against the dollar while the Vietnamese dong has depreciated 8.47%.

OPINION

1% GDP growth impacts will be severe

Oped, Chartchai Parasuk, Published on 21/08/2025

» Where did I get the idea that GDP growth in the second half of 2025 would only be 1.0%? The answer is the government, as the National Economic and Social Development Council (NESDC) told me so.

OPINION

The economy is waiting to hit an iceberg

Oped, Chartchai Parasuk, Published on 20/03/2025

» This is not a scene from the 1997 film Titanic. On the evening of April 14th 1912, a small Canadian fishing boat, skippered by a French-Canadian captain called "Jacques-Chai", approached the Titanic wanting to convey a very important message to Captain Edward Smith. The message was that there was a sea of icebergs, one was particularly big, about 200 miles ahead.

OPINION

Rate cut helps the BoT, not the economy

Oped, Chartchai Parasuk, Published on 06/03/2025

» On Feb 26, the Bank of Thailand's (BoT) Monetary Policy Committee (MPC) cut its policy interest rate by 0.25%, lowering it to 2.0%.

OPINION

Trump tariffs spell trouble for Thailand

Oped, Chartchai Parasuk, Published on 14/11/2024

» Readers must have read a few articles or listened to numerous analyses of US President-elect Donald Trump's trade protectionism policy and its impact on the world economy, particularly China. But this could be the first genuinely economic-oriented analysis of Mr Trump's policy, emphasising issues relevant to Thailand. Readers could find that an economic approach would give new insights into this much talked about topic.

OPINION

Making sense of performance figures

Oped, Chartchai Parasuk, Published on 31/10/2024

» I have the duty of reviewing quarterly economic performances and making economic growth projections for a private research firm.

OPINION

Stimulus packages need paradigm shift

Oped, Chartchai Parasuk, Published on 03/10/2024

» Ever wonder why Thailand's economic growth is consistently lower than its peers? Even with a flood of foreign tourists of 28.1 million (154.4% growth) in 2023, our GDP growth was 1.9% compared to 5.5% in the Philippines, 5% in both Indonesia and Vietnam, and 3.7% in Malaysia. The growth figure for the first half of this year of 1.9% is far worse than many of our Asean friends.