The Japan Times - Thai PM agrees coalition with Thaksin-backed party

EUR -
AED 4.355414
AFN 76.488779
ALL 96.392196
AMD 447.131868
ANG 2.123061
AOA 1087.519811
ARS 1656.832153
AUD 1.682085
AWG 2.137682
AZN 2.010906
BAM 1.954628
BBD 2.392165
BDT 145.26289
BGN 1.956142
BHD 0.447177
BIF 3520.688742
BMD 1.185954
BND 1.497502
BOB 8.207044
BRL 6.195302
BSD 1.187688
BTN 107.644449
BWP 15.572662
BYN 3.404958
BYR 23244.694811
BZD 2.388768
CAD 1.615435
CDF 2656.536765
CHF 0.912283
CLF 0.025789
CLP 1018.295456
CNY 8.183852
CNH 8.188762
COP 4351.786374
CRC 578.952818
CUC 1.185954
CUP 31.427776
CVE 110.198452
CZK 24.257023
DJF 211.503168
DKK 7.47072
DOP 74.465345
DZD 153.790897
EGP 55.56271
ERN 17.789307
ETB 184.911714
FJD 2.601449
FKP 0.870114
GBP 0.871807
GEL 3.190439
GGP 0.870114
GHS 13.023135
GIP 0.870114
GMD 87.160544
GNF 10425.835831
GTQ 9.109537
GYD 248.48994
HKD 9.270785
HNL 31.387178
HRK 7.535665
HTG 155.526735
HUF 378.946045
IDR 19960.788692
ILS 3.666542
IMP 0.870114
INR 107.481868
IQD 1555.96693
IRR 49958.304724
ISK 145.018403
JEP 0.870114
JMD 185.538738
JOD 0.840847
JPY 181.825104
KES 152.9288
KGS 103.712177
KHR 4779.134088
KMF 493.357046
KPW 1067.29348
KRW 1716.472482
KWD 0.363744
KYD 0.989806
KZT 587.667592
LAK 25471.725324
LBP 106184.463646
LKR 367.449651
LRD 221.507168
LSL 18.845599
LTL 3.501813
LVL 0.717371
LYD 7.491508
MAD 10.84585
MDL 20.125931
MGA 5244.854808
MKD 61.647674
MMK 2489.998488
MNT 4247.57646
MOP 9.564265
MRU 47.413567
MUR 54.435882
MVR 18.322449
MWK 2059.564937
MXN 20.442173
MYR 4.634117
MZN 75.779704
NAD 18.845599
NGN 1608.022423
NIO 43.703792
NOK 11.324495
NPR 172.230718
NZD 1.969614
OMR 0.455996
PAB 1.187788
PEN 3.98581
PGK 5.097943
PHP 68.696416
PKR 332.236467
PLN 4.212568
PYG 7820.31038
QAR 4.328759
RON 5.094624
RSD 117.348894
RUB 91.648873
RWF 1734.060133
SAR 4.447696
SBD 9.533489
SCR 15.954675
SDG 713.343999
SEK 10.626738
SGD 1.498962
SHP 0.889773
SLE 28.996106
SLL 24868.860382
SOS 677.593666
SRD 44.804168
STD 24546.849579
STN 24.485317
SVC 10.392768
SYP 13116.14506
SZL 18.853694
THB 36.903348
TJS 11.182394
TMT 4.162698
TND 3.425046
TOP 2.855493
TRY 51.868403
TTD 8.046175
TWD 37.314835
TZS 3095.339514
UAH 51.087264
UGX 4204.460977
USD 1.185954
UYU 45.542689
UZS 14621.232059
VES 462.292542
VND 30799.220625
VUV 141.514035
WST 3.204431
XAF 655.563877
XAG 0.015346
XAU 0.000239
XCD 3.205099
XCG 2.140616
XDR 0.815311
XOF 655.563877
XPF 119.331742
YER 282.642422
ZAR 19.028143
ZMK 10675.011108
ZMW 22.032788
ZWL 381.876645
  • CMSC

    0.0000

    23.7

    0%

  • GSK

    0.0500

    58.54

    +0.09%

  • BTI

    0.2800

    60.61

    +0.46%

  • CMSD

    -0.1280

    23.942

    -0.53%

  • AZN

    -0.2400

    204.52

    -0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCE

    0.1800

    25.83

    +0.7%

  • BP

    -1.3600

    37.19

    -3.66%

  • BCC

    -1.3500

    88.06

    -1.53%

  • NGG

    0.5800

    91.22

    +0.64%

  • RIO

    -1.6100

    97.91

    -1.64%

  • RYCEF

    -0.0600

    16.87

    -0.36%

  • JRI

    0.0300

    13.16

    +0.23%

  • VOD

    -0.0600

    15.62

    -0.38%

  • RELX

    1.0800

    28.81

    +3.75%

Thai PM agrees coalition with Thaksin-backed party
Thai PM agrees coalition with Thaksin-backed party / Photo: chanakarn laosarakham - 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.

M.Yamazaki--JT