The China Mail - Thai PM agrees coalition with Thaksin-backed party

USD -
AED 3.672497
AFN 62.999981
ALL 82.597888
AMD 368.090629
ANG 1.790403
AOA 916.999951
ARS 1477.494302
AUD 1.449359
AWG 1.80125
AZN 1.703214
BAM 1.71493
BBD 2.014108
BDT 123.249054
BGN 1.69088
BHD 0.377034
BIF 2975.014577
BMD 1
BND 1.293507
BOB 6.925154
BRL 5.163806
BSD 1.000039
BTN 94.490039
BWP 13.589892
BYN 2.900133
BYR 19600
BZD 2.011197
CAD 1.42031
CDF 2267.498196
CHF 0.808525
CLF 0.023438
CLP 923.329684
CNY 6.79815
CNH 6.797225
COP 3444.23
CRC 453.586914
CUC 1
CUP 26.5
CVE 96.684671
CZK 21.27015
DJF 178.074144
DKK 6.55298
DOP 59.466972
DZD 133.173774
EGP 49.2502
ERN 15
ETB 161.218522
EUR 0.876703
FJD 2.24625
FKP 0.757857
GBP 0.755845
GEL 2.644968
GGP 0.757857
GHS 11.31015
GIP 0.757857
GMD 73.00006
GNF 8766.638023
GTQ 7.629344
GYD 209.175084
HKD 7.84245
HNL 26.761891
HRK 6.605298
HTG 130.701074
HUF 310.650997
IDR 17852
ILS 2.975675
IMP 0.757857
INR 94.48245
IQD 1309.991977
IRR 1375249.999761
ISK 126.250422
JEP 0.757857
JMD 157.463469
JOD 0.708997
JPY 161.849503
KES 129.479564
KGS 87.450271
KHR 4021.166805
KMF 433.999793
KPW 900.00035
KRW 1543.530303
KWD 0.309701
KYD 0.833333
KZT 485.532407
LAK 22428.570802
LBP 89548.611111
LKR 336.248811
LRD 181.993547
LSL 16.430491
LTL 2.95274
LVL 0.60489
LYD 6.424601
MAD 9.371084
MDL 17.675014
MGA 4255.281837
MKD 54.035217
MMK 2099.649649
MNT 3579.92745
MOP 8.078178
MRU 39.910387
MUR 47.239729
MVR 15.450132
MWK 1734.006734
MXN 17.475325
MYR 4.071034
MZN 63.898173
NAD 16.430635
NGN 1381.770115
NIO 36.800779
NOK 9.932698
NPR 151.185701
NZD 1.768765
OMR 0.384503
PAB 1.000018
PEN 3.414923
PGK 4.390353
PHP 61.180055
PKR 278.074382
PLN 3.758745
PYG 6089.674735
QAR 3.645212
RON 4.595597
RSD 102.898373
RUB 77.747658
RWF 1467.978395
SAR 3.756538
SBD 8.051953
SCR 14.898309
SDG 600.000346
SEK 9.71992
SGD 1.293475
SHP 0.746601
SLE 24.810284
SLL 20969.503664
SOS 571.521265
SRD 37.482969
STD 20697.981008
STN 21.482654
SVC 8.749978
SYP 110.532098
SZL 16.426633
THB 33.249768
TJS 9.269869
TMT 3.5
TND 2.962063
TOP 2.40776
TRY 46.642315
TTD 6.798104
TWD 31.892704
TZS 2627.582994
UAH 44.880508
UGX 3665.2038
UYU 40.238326
UZS 12052.207233
VES 620.752985
VND 26290
VUV 119.179282
WST 2.780883
XAF 575.16627
XAG 0.017168
XAU 0.000247
XCD 2.70255
XCG 1.802247
XDR 0.716371
XOF 575.168792
XPF 104.571381
YER 238.625005
ZAR 16.415401
ZMK 9001.200271
ZMW 18.104658
ZWL 321.999592
  • CMSC

    0.0650

    21.995

    +0.3%

  • RYCEF

    -0.0500

    18.7

    -0.27%

  • RIO

    -0.0200

    93.72

    -0.02%

  • NGG

    0.4700

    83.48

    +0.56%

  • BTI

    -0.5200

    62.24

    -0.84%

  • VOD

    -0.2050

    13.685

    -1.5%

  • BCE

    -0.1500

    22.77

    -0.66%

  • AZN

    1.0100

    189.42

    +0.53%

  • GSK

    -0.1400

    52.36

    -0.27%

  • BCC

    -2.3200

    78.7

    -2.95%

  • JRI

    0.0700

    12.86

    +0.54%

  • BP

    0.4450

    37.575

    +1.18%

  • RELX

    0.2200

    31.56

    +0.7%

  • CMSD

    0.0100

    21.78

    +0.05%

  • RBGPF

    0.2000

    61.5

    +0.33%

Thai PM agrees coalition with Thaksin-backed party
Thai PM agrees coalition with Thaksin-backed party / Photo: © AFP

Thai PM agrees coalition with Thaksin-backed party

Thai caretaker Prime Minister Anutin Charnvirakul's conservative party, which won a stunning election victory at the weekend, agreed to form a coalition with jailed ex-premier Thaksin Shinawatra's party, both announced on Friday.

Text size:

Anutin's pro-military and pro-monarchy party had its best electoral performance ever in polls that took place after two rounds of deadly border clashes with Cambodia last year.

Thailand's most successful party of the 21st century, Pheu Thai had its worst election result ever Sunday, raising questions about the future of the political machine built by jailed Thaksin.

"Although the election results have not yet been officially confirmed, we have a consensus that Pheu Thai will support us in leading the coalition, as planned," Anutin said at a news conference at his Bhumjaithai party's headquarters.

Prasert Chanruangthong, secretary-general of Thaksin's Pheu Thai, told reporters the party "is ready to support Bhumjaithai Party in forming the coalition. Other issues will be discussed further."

The latest incarnation of the organisation founded by the telecom billionaire, Pheu Thai came a distant third in Sunday's election, its vote share in the party-list section plunging by more than half.

Voters appeared to turn their backs on the reformist People's Party, which came second.

Pheu Thai and Bhumjaithai were previously coalition partners, until Anutin pulled out over a Cambodia border dispute scandal last June.

"Our priority is for the country to move forward for the greatest benefit of the people," Prasert said ahead of coalition talks on Friday.

- Enduring dynasty -

Thaksin is serving a one-year prison sentence for corruption in office, but many observers expect him to be released earlier than scheduled alongside a political agreement.

The Shinawatras have produced no fewer than four Thai prime ministers this century, and Pheu Thai's latest nominee for the position, biomedical engineering professor Yodchanan Wongsawat, was Thaksin's nephew.

Thaksin's political clan has for two decades been the key foe of Thailand's pro-military, pro-royalty elite who view their populist brand as a threat to traditional social order.

Some analysts had said Pheu Thai's losses on Sunday marked the end of the long-standing Shinawatra dynasty.

But its inclusion in the coalition leaves open the possibility of a political comeback.

The Southeast Asian nation's next administration will need to tackle anaemic economic growth, with its vital tourism industry yet to rebound to pre-Covid highs, and manage fallout over multibillion-dollar cyberscam networks operating from the region.

Perhaps most pressing is the Cambodia dispute, which erupted into open fighting in July and December, killing scores of people on both sides and displacing around a million altogether.

The conflict was top of mind for many voters, with analysts saying a wave of nationalism propelled Anutin to victory.

U.Chen--ThChM