Economic Decoupling (1): Concept

From the Subprime crisis to Lehman’s bankruptcy, economic instability has triggered apprehension as to its possible effect on Thailand’s economy.

How should the Thai government respond to the US economic crisis?

Amidst economic risk, the Thai government has proposed several ways to cope with the forthcoming crisis, including policy interest rate cuts, Baht devaluation, megaproject stimulation, finding new export markets, and extending the full deposit protection period from one year to three years. In this article, I will present my perspective on these issues.

How should the Thai government respond to the US economic crisis?

Amidst economic risk, the Thai government has proposed several ways to cope with the forthcoming crisis, including policy interest rate cuts, Baht devaluation, megaproject stimulation, finding new export markets, and extending the full deposit protection period from one year to three years. In this article, I will present my perspective on these issues.

Why is Bangkok unlivable?

Recently I purchased a survey report from Mercer, a most prestigious quality-of-life research institution, and discovered some intriguing facts about Bangkok’s livability.

Thailand’s Political Stalemate: No End in Sight?

Thailand’s political conflicts recommenced on May 26th, 2008, with PAD’s opposition to the Constitutional amendments of PPP, and then with governmental administration issues of concern to the nation; notably an agreement with Cambodia over Preah Vihear temple, government officials shuffled for political benefit, and the construction of new parliament buildings with the inconsiderate eviction of students and local residents. These events led to the expulsion of Samak’s government through the seizure of Government House on August 26th, 2008, which prevented the daily work of government. In addition, strikes took place at airports, railway stations, and at Klong Toey port, affecting normal conditions for Thai society and the economy.

Deposit Protection Agencies: What Will Their Impact Be?

The Deposit Protection Agency Act, 2008, went into effect on the 11th of August 2008. Sound in principle, it requires depositors to know the true risk of a deposit, and helps to reduce depositors’ fear where financial institutions have problems or the government is burdened to support financial institutions, identifying specific amounts of money to be paid back to depositors. Nevertheless, it may also bring change and impact in both positive and negative ways.

The impact of Deposit Protection Agencies

The Deposit Protection Agency Act, 2008, will go into effect on the 11th of August 2008. Under this Act, bank deposits will be fully guaranteed during the first year of the Deposit Protection Agency having been established, but the guaranteed amount of deposit will be deducted every year from the fifth year onward; with the guarantee only for deposits of up to one million baht per person per agency (August 11, 2012).