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Thailand's OECD Accession: Why the 2028 Deadline is not the Real Test
Thailand has built the machinery for OECD accession and set 2028 as its target. But the OECD has agreed no date. MCG examines the reforms that will determine the timetable, and why the real test lies in Thailand's ability to turn administrative mobilisation into politically difficult decisions.
Thailand Land Bridge: The Trillion-Baht Corridor Stopped Post-Review
A rate of return falling from 8 per cent to 4.8. A net present value moving from positive 600 billion baht to negative 10,287 million. Two feasibility studies that disagreed for years, and a committee that finally chose between them. Thailand has stopped its trillion-baht Land Bridge and named a 110 km railway in its place. A rate of return falling from 8 per cent to 4.8. A net present value moving from positive 600 billion baht to negative 10,287 million. Two feasibility studies that disagreed for years, and a committee that finally chose between them. Thailand has stopped its trillion-baht Land Bridge and named a 110 km railway in its place. MCG reads the decision past the announcement: whose arithmetic won, what the replacement has not been through, and why it is being built to a gauge that cannot serve its own purpose.
Thailand's Fever Test: What the Energy Crisis Reveals About the Limits of Political Stability
Thailand's new government inherited a structural illness. The Iran conflict did not create the crisis — it ran the diagnostic test. Six weeks into the Bhumjaithai mandate, a 35-billion-baht Oil Fund deficit, a minister who admitted on air that GPS tracking of oil trucks was never operational, and farmers in the ruling party's own heartland saying they cannot take it anymore. MCG examines what the energy crisis of March 2026 reveals about the structural limits of Thailand's political stability — and what it means for investors in the region.
Thailand’s “Sick Man of Asia” Moment: The Structural Limits of an Electoral Reset
A political economy analysis of Thailand’s slowdown following FT’s “sick man of Asia” moment — and why the election alone cannot reset structural constraints.