Showing 1 - 10 of 11
Mar-a-Lago accord may aid China
News, Yao Yang, Published on 07/06/2025
» The provisional trade deal reached by China and the United States in Geneva last month exceeded expectations, with the two sides agreeing to roll back for 90 days the majority of tariffs and other countermeasures they had imposed in the preceding weeks.
Dollar confusion reigns amid uncertainty
News, Mike Dolan, Published on 10/05/2025
» Currency markets that only a few months ago assumed a trade war would lift the US dollar now suspect that a full-scale devaluation may be underway, suggesting few market players have a clear handle yet on the US administration's dollar plans.
IMF exit would be true dollar shock
News, Mike Dolan, Published on 30/04/2025
» The US dollar has suffered its worst start to any year since 1989 as the Trump administration has put forward once unthinkable economic policies, unnerving global investors.
As dollar spikes, can China win the 'currency war'?
News, Wei Hongxu, Published on 19/10/2022
» With the Federal Reserve maintaining high-intensity rate hikes, the currencies of China, Japan, and South Korea, all major Asian economies, have been more or less affected to varying degrees, and are under increasing pressure of depreciation. The exchange rates of the Chinese renminbi (with the offshore exchange rate as a reference), the Japanese yen, and the South Korean won have all depreciated significantly with the appreciation of the US dollar. As the three Asian countries share similar economic structures, most are on the main manufacturing output side. Many believe currency devaluation will be beneficial to exports, which is conducive to long-term economic stability.
Get ready for 'reverse currency wars' phenomenon
News, Jeffrey Frankel, Published on 06/06/2022
» The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently at multi-decade highs, we may be entering so-called "reverse currency wars" -- in which countries compete to strengthen their currencies' foreign-exchange values.
Thai economy unlikely to bounce back
News, Chartchai Parasuk, Published on 18/03/2021
» The world is having great economic news. All international economic agencies have upgraded world economic forecasts for 2021. The latest one is the OECD (Organization for Economic Cooperation and Development) who raises global economic growth forecast from 4.2% (December 2020's forecast) to 5.6% (March 2021's forecast). A higher growth prospect is the result of a fast roll-out of Covid-19 vaccination; super-large US economic stimulus package; and accelerated growth of the Chinese economy. The OECD projected that the US economy would grow by 6.5% while the Chinese economy would expand by 7.8% this year. These two giant economies account for 41% of the world economy. Therefore, high growth from these two countries is likely to induce high economic growth in other economies as well.
What went wrong for the Democrats?
News, Thitinan Pongsudhirak, Published on 07/06/2019
» It is hard to believe today that Thailand's Democrat Party was widely worth rooting for not so long ago. In past eras of military-authoritarianism, Democrat MPs used to be seen as a force for good, pitted against ruling generals in support of popular rule. Somehow during the current military regime that dates back to the September 2006 coup, Thailand's oldest party has tilted away from democracy towards authoritarianism. But just as the party is demoralised and in disarray, it offers a silver lining in new and fresh faces that could offer a way forward if party elders are willing to step aside.
Thailand's lessons from the Prem years
News, Thitinan Pongsudhirak, Published on 31/05/2019
» In a galloping world of communications instantaneity, Gen Prem Tinsulanonda's passing earlier this week is likely to be framed by popular expectations and grievances so far in the 21st century rather than the conditions and circumstances of the 20th century where most of the late elder statesman's life was rooted.
The annals of Thailand's military dictators
News, Thitinan Pongsudhirak, Published on 12/10/2018
» As Gen Prayut Chan-o-cha eyes longer-term power beyond the next election, his eventual legacy will be compared to other military leaders who have come and gone as heads of past Thai governments. Had he left office or stepped down to run for it earlier, Gen Prayut might be in a better place. As things stand, his tenure and subsequent exit from the political scene does not appear promising for how he will be seen in hindsight.
Belt and Road is China's 'manifest destiny'
News, Thitinan Pongsudhirak, Published on 07/09/2018
» No national project of global reach carries as much stake and attracts as much attention as China's Belt and Road Initiative (BRI). Conceived in 2013, the BRI is the colossal brainchild of President Xi Jinping and his government.