The Grey Capital Malaise Infecting Thailand
Gregory Raymond
Thailand has not been immune to the sweep of ‘grey capital’ afflicting Laos and Myanmar. Given the authorities’ weak-willed approach to fighting the problem, it will continue to fester.

Gregory Raymond
Thailand has not been immune to the sweep of ‘grey capital’ afflicting Laos and Myanmar. Given the authorities’ weak-willed approach to fighting the problem, it will continue to fester.
Juthathip Jongwanich|Archanun Kohpaiboon
The US’ latest series of tariffs is seeking to compel Thailand and other countries to import less from China. There is a need for long-term market diversification.
Burhanuddin Muhtadi
Indonesia’s central government risks incurring public dissatisfaction with its cuts to regional budgets. If left unchecked, the president’s re-election prospects might dim in time.
Denis Hew
Denis Hew examines how geopolitical rivalry and economic coercion are reshaping the Indo-Pacific, arguing that ASEAN must deepen regional integration and strengthen its institutions to preserve its collective agency.
Le Hong Hiep
Vietnam is transitioning from being a source of labour exports to an economy that imports unskilled foreign workers. This is becoming a long-term trend.
Made Supriatma
Rent-seeking plagues Indonesia’s politically charged free nutritious meals, but there is no clear way forward.
Roland Rajah
The second China shock fundamentally differs from the first. Southeast Asia should strategically optimise the growth of capital imports and investment from China.
Chheang Vannarith
Cambodia has stepped up efforts to eradicate scam operations. The key challenge is overcoming structural impediments.
Amalina Anuar
Malaysia is trying to preserve neutrality between the US and China, but that space is narrowing as rivalry intensifies in trade, technology, and security. This Long Read argues that neutrality should not be judged only by aggregate trade and investment flows, because sector-level dependencies reveal hidden alignments that reduce real policy freedom.
Hoang Thi Ha|Pham Thi Phuong Thao
Despite a history of distrust, Vietnam is increasingly drawing lessons from China’s experience of a strong state driving economic transformation.