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OPINION

Resetting development finance

Oped, Carlos Cuerpo and Joseph E Stiglitz, Published on 03/07/2025

» At the Fourth International Conference on Financing for Development this week in Seville, delegates are calling for urgent action to fix a system that has stopped working. Prior to the third such gathering a decade ago, in Ethiopia, we had witnessed unprecedented advances towards reducing poverty, increasing school enrolment, and providing clean water worldwide. Today, however, progress is not only slowing but potentially stagnating -- or, worse, reversing.

OPINION

Thailand should author AI models

Oped, Niamh Collier and Surachai Sathitkunarat, Published on 30/06/2025

» The 2025 Global Human Development Report delivers a sobering message: the world is experiencing an unprecedented slowdown in human development, with traditional pathways to progress, now being stalled.

OPINION

Myanmar kids need 'rights for all'

Oped, Puttanee Kangkun and Patrick Phongsathorn, Published on 19/06/2025

» When armed conflict breaks out, it is the innocent and helpless, especially children, who suffer the most. Therefore, as we approach World Refugee Day tomorrow, Thai authorities must make a substantial effort to grant refugee children, and the parents who support them, equal rights and dignity in law and practice.

OPINION

Stressed bonds call for market reform

Oped, Pasinee Rerkpiboon and Phumjit Sri-Udomkajorn, Published on 18/06/2025

» Not too long ago, Thai Airways was all but written off. After a staggering loss of more than 141 billion baht and a default on over 71 billion baht in bonds from mismanagement and the pandemic in 2020, the once-proud national airline seemed doomed.

OPINION

Untangling bond market credit ratings

Oped, Pichamon Keakij and Dollada Kasarn, Published on 07/05/2025

» The Thai bond market now averages 65 billion baht in daily transactions -- a remarkable increase from just 1 million baht in 1994.

OPINION

Will the global economy stall?

News, Eswar Prasad and Caroline Smiltneks, Published on 21/04/2025

» The timing could hardly have been less propitious. Just as the world economy was showing signs of stabilising, the odds of a policy-induced global recession have risen significantly. The latest update to the Brookings-FT Tiger index reveals a mixed picture, with the financial index declining and private-sector confidence crumbling even as macroeconomic data (which lag the other indicators) suggest a more benign scenario.

OPINION

Leveraging Thailand's superyacht exposure

Oped, Pun-Arj Chairatana and Andy Treadwell, Published on 19/04/2025

» The feature of the 117-foot (35.7-metre) catamaran Spacecat in the television series The White Lotus Season 3, set in the Gulf of Thailand and in the waters around Phuket, highlights the potential of Thailand's superyacht charter market. Delivered in November 2022 by Silver Yachts, the vessel showcased luxury against the backdrop of Thailand. This visibility presents an opportunity to further develop Thailand's luxury tourism and service industry, moving beyond glamour to build a sustainable sector that could drive economic growth. Thailand has significant assets; strategic support can help this industry thrive.

OPINION

State entities too complex to be treated as startups

Oped, Mariana Mazzucato and Rainer Kattel, Published on 17/04/2025

» Around the world, governments are trying to reinvent themselves in the image of business. Elon Musk's DOGE crusade in the United States is quite explicit on this point, as is Argentina's chainsaw-wielding president, Javier Milei. But one also hears similar rhetoric in the United Kingdom, where Cabinet Office Minister Pat McFadden wants the government to foster a "test-and-learn" culture and move towards performance-based management.

OPINION

This UN debt initiative is different

News, Mahmoud Mohieldin, Paolo Gentiloni, Trevor Manuel and Yan Wang, Published on 07/04/2025

» Economic development requires financing that is affordable, accessible and has maturities matched to development outcomes. Yet for most developing countries, none of the above apply. Instead, an escalating "debt disaster" is unfolding across much of the developing world, exacerbated by a series of cascading global crises.

OPINION

Earthquake may bring diplomatic payoff for junta chief

News, Devjyot Ghoshal and Panu Wongcha-um, Published on 05/04/2025

» Myanmar's deadliest natural disaster in years has strengthened the position of ruling general, Min Aung Hlaing, by opening diplomatic channels closed for four years after his junta ousted an elected government to unleash a brutal civil war.