Expectations for the New BOT Governor

On 1st October 2010, Dr Prasarn Trairatvorakul will replace imminent retiree, Dr Tarisa Wattanaket to become Thailand’s new Bank of Thailand Governor.

Economic and Social Reformation to Overcome Political Crisis

In June 2010, Capital Market Academy (CMA) hosted a seminar on the topic of, “Thailand Turning Point: Economic and Social Reformation Strategies to Overcome Political Crisis.” I was called to moderate this CMA seminar event between student representatives from CMA’s 1st – 10th Class Top Executive Programme, who were all there to express their views.

A Stakeholders’ Matrix for National Reformation

On June 10th, Prime Minister HE Mr Abhisit Vejjajiva, officially advanced Thailand’s National Reformation Plan by appointing Former Prime Minister Anand Panyarachun to lead the Assembly for the Adoption of Strategies for National Reform, with Professor Dr Prawase Wasi leading the Citizens’ Assembly for National Reform. However, before the National Reformation Plan swings underway in January 2011, opinions from stakeholders nationwide are being gathered to solve the nation’s problems. I also have suggestions for the composition of these two Assemblies in order to make long term maximization of the National Reformation Plan for all Thais.

Compensating those affected by the demonstration

A short while ago, various private sector groups came forward to predict the sum of damages inflicted economically by the Ratchaprasong seizure of the United Front for Democracy against Dictatorship (UDD), which from April 3rd until now has accrued to 5,244 million baht per month or 174 million baht per day. Besides the closure of hotels, large-scale malls, and smaller stores, many workers went unemployed as day wore onto day.

The Budget Allocation for 2011

Not so long ago, the prime minister announced to parliament that the annual government expenditure for 2011 would be 2.07 trillion baht with a budget deficit of 420,000 million baht or 4.1 percent of GDP. The 2011 annual budget has increased by 370,000 million baht (21.8 percent) of 2010’s annual budget. After this announcement, the opposition party debated the opinion that many facets should be investigated in the government’s allocation of the 2011 budget.

Change Your Business for the Future

Business organizations cannot be passive nowadays but must continuously adjust to the fast changing technology era. Recently, I participated in a program reflecting changes in the current situation. Entitled, “Cross-Boundary Transformation,” the program encourages the self-transformation of organizations for effective work across organizational or national boundaries by using information technology as a necessary tool to drive work across boundaries.

The urgent need to “Rebuild Thailand”

“In the conflict we are facing now, regardless of who wins, the people of Thailand and the country itself will surely lose.”