ASK Thai government officials and they will fume that it is just unfair. How can Thailand be denied an “A” sovereign credit rating when other countries with poorer macroeconomic numbers already have that coveted assessment?
ASK Thai government officials and they will fume that it is just unfair. How can Thailand be denied an “A” sovereign credit rating when other countries with poorer macroeconomic numbers already have that coveted assessment?
THAILAND has long dreamed of becoming the gateway to Indochina. But until very recently, the gate has only been half open. Now, however, a confluence of geographic, economic and political factors suggest that Bangkok’s longstanding vision may finally be within reach.
LAST month, Thailand celebrated second-quarter growth figures well in excess of analysts’ forecasts. Instead of a widely expected economic expansion of around 1.7 per cent, gross domestic product grew 3.3 per cent compared to the previous quarter.
LAST week, when Thai Prime Minister Yingluck Shinawatra reaffirmed Bangkok’s support for a multibillion-dollar deep sea port in neighbouring Myanmar, she was not just announcing another infrastructure project.
MR SAMPAN Silapanad, president of Thailand’s Electronics and Computer Employers’ Association, had a grim message for participants at a forum on the Asean Economic Community earlier this month.
The inability of the government led by Prime Minister Yingluck Shinawatra to bridge the deep divisions between her populist government and its royalist opponents in the military and bureaucracy remains a major concern.
Prime Minister Yingluck has selected a competent economic team, but it is difficult for these technocrats to deliver on the new government's campaign promises without triggering inflation or hurting business.
The government has also been unable to resolve the ongoing insurgency involving ethnic Malay Muslim rebels in the south.
WATCH OUT FOR:
My name is Dr Bruce Gale and I am a senior writer with the Singapore Straits Times. I studied at LaTrobe University (BA Hons) in Melbourne and later at the Centre for Southeast Asian Studies at Monash University (MA). My PhD thesis, which focussed on Malaysian political economy, was completed at the Malaysian National University (Universiti Kebangsaan Malaysia) in 1987.
From 1988 to 2003 I was Singapore Regional Manager for the Hong Kong based Political and Economic Risk Consultancy (PERC).
I have written several books and articles on Southeast Asian affairs, including Political Risk and International Business: Case Studies in Southeast Asia (Pelanduk Publications, 2007). Books on language include Mastering Indonesian: a guide to reading Indonesian language newspapers (Pelanduk Publications, 2008)