Columnnist

Chartchai Parasuk

Freelance economist

Chartchai Parasuk, PhD, is a freelance economist.

Chartchai Parasuk
10 Sep 2020

Govt's Covid stimulus could all be in vain

The greatest mistake the world is making is believing that governments will save us from the Covid-19 economic disaster. Even the International Monetary Fund (IMF) is encouraging governments to spend more to counter the downturn.

10 Sep 2020 13
Govt's Covid stimulus could all be in vain
3 Sep 2020

The job of a finance minister...

The resignation of Finance Minister Predee Daochai is a hot issue right now and I feel compelled to write about it, though I'd rather not discuss the cause -- which could be a combination of problems relating to health, internal disputes, political pressure, workloads, and unsolvable problems. Whatever the problems are, the minister has already made the decision which is gazetted. What's done is done.

3 Sep 2020 13
27 Aug 2020

More thoughts on the post-Covid world

News about Covid-19 vaccine development in Russia and other countries offers a ray of hope the pandemic could be ending soon and the world economy may return to normal.

27 Aug 2020 7
More thoughts on the post-Covid world
30 Jul 2020

The worst of Covid-19 is yet to come

I am not talking about the pandemic. I optimistically assume the Covid-19 pandemic is over for Thailand as we have had zero domestic infections for almost two months. The lockdown, aimed at barring visitors from entering Thailand, is substantially relaxed and most economic activities are permitted to resume.

30 Jul 2020 71
The worst of Covid-19 is yet to come
16 Jul 2020

This could get worse before it improves

This is not the first time the world has faced economic dangers but the Covid-19 outbreak is by far the most devastating. I have a feeling that it could beat the legendary 1930s Great Depression. There are many questions to ask, particularly about the future of the world and the Thai economy. I'd like to raise three questions as follows:

16 Jul 2020 58
This could get worse before it improves
2 Jul 2020

The economy is sick and pills won't do

Picture this: Your name is "Mr Thai Economy", and you have contracted the coronavirus in late January. After a close examination in March, doctors (the Bank of Thailand) said your health is of deep concern as GDP growth could go as low as -5.3%.

2 Jul 2020 17
The economy is sick and pills won't do
18 Jun 2020

THAI restructuring will not be easy

While I was the head of the Corporate Finance Department at National Finance (now known as Thanachart Bank), I handled many cases of debt restructuring. The largest one was the 20-billion-baht debt of a hospital chain.

18 Jun 2020 13
4 Jun 2020

Homework for the new bank governor

The term of the governor of the Bank of Thailand will expire on Sept 30 and as incumbent governor Veerathai Santiprabhob has announced he will not seek a second term citing family reasons, the selection process for his replacement has begun.

4 Jun 2020 22
Homework for the new bank governor
21 May 2020

What docs, economists don't say

Everybody is waiting for the arrival of a Covid-19 vaccine. News has been encouraging on that front as the whole world is making every effort to finding a cure --159 candidates to be exact. Some promise to deliver the vaccine as early as August, while others claim they have successfully tested it on humans. The vaccine will bring an end to this horrific pandemic and put the world economy back on its feet, they say.

21 May 2020 11
7 May 2020

It's time to face grim Covid-19 reality

At the onset of the coronavirus outbreak, there emerged an outbreak containment option called "Hurt and then ending" which in Thai is jeb tae jop. The complete lockdown of Wuhan was a prime example of that. In Thailand, the lockdown measure was first implemented in Buri Ram before it become a standard practice nationwide. The effectiveness of the measures varies across the globe -- from a seemingly complete success story in Wuhan to a not-yet sustained success in Spain, to a success and then failure in Singapore. I do not think anybody doubts the effectiveness of the lockdown on controlling the outbreak, but many, including myself, are starting to come out and question the cost of lockdown, which I have previously mentioned.

7 May 2020 51
It's time to face grim Covid-19 reality