By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Thailand pro-democracy opposition parties take big lead in election polling
News

Thailand pro-democracy opposition parties take big lead in election polling

News Room
Last updated: 2023/05/14 at 8:11 PM
By News Room
Share
5 Min Read
SHARE

Pro-democracy opposition parties have taken an imposing lead in Thailand’s national elections with 99 per cent of votes counted, as voters delivered a rebuke to the military in a contest that could herald the country’s first transfer of power for a decade.

Sunday’s election represents the strongest chance for Thai voters to reclaim control from a military-aligned government and halt a cycle of military coups, violent crackdowns and political turmoil during which Thailand’s economic growth has lagged behind that of regional neighbours.

The progressive Move Forward party came top, followed closely by the Pheu Thai party, Thailand’s largest opposition group, preliminary results from Thailand’s Election Commission showed.

Pheu Thai is led by Paetongtarn Shinawatra, 36, who formally entered politics only last year. She is the youngest daughter of Thaksin Shinawatra, the billionaire telecoms magnate and populist former prime minister whose elected government was overthrown in a military coup in 2006.

Move Forward’s share of the vote reflected signs of a backlash against Thailand’s deeply conservative royalist-military establishment. The progressive party had surged in pre-election polling on enthusiasm from urban and young voters following protests in 2020. Pita Limjaroenrat, Move Forward’s Harvard- and MIT-educated leader, announced late on Sunday that he expected his party would begin coalition talks with Pheu Thai.

Move Forward’s supporters “have grown up in a time of political polarisation marked by protests, coups, and crackdowns”, said Napon Jatusripitak, a research fellow at Singapore-based Iseas-Yusof Ishak Institute, saying the result “will give us a glimpse into whether there is enough appetite for change”.

Military-aligned parties trailed in provisional returns. The United Thai Nation party, a vehicle for incumbent prime minister Prayuth Chan-ocha, received only about 12 per cent of the vote. The ruling Palang Pracharath party, which is led by Prayuth’s deputy and longtime mentor Prawit Wongsuwan following a schism within the government, was on 10 per cent.

Prayuth, a former military chief who seized power in 2014 by deposing Thaksin’s sister Yingluck Shinawatra, had faced criticism at home and from some allies for repressing civil liberties and crushing the 2020 protests, which sought to curb the privileges of the monarchy, Thailand’s most powerful institution.

But the military maintains a significant advantage under Thailand’s 2017 constitution, which allows a 250-member junta-appointed senate to vote alongside the 500-seat elected lower house on a prime minister.

One possible kingmaker is the regional populist Bhumjaithai party, which was third in early returns. The party, led by health minister Anutin Charnvirakul, who drove the successful campaign last year for marijuana decriminalisation, also tipped the scales following disputed polls in 2019, when it backed Prayuth.

The opposition is hoping an overwhelming margin will press the Senate to co-operate with the result, but it faces an uphill battle to form a government and final results may not be available for weeks.

The threat of a military takeover or judicial intervention to disqualify opposition candidates also looms: Pita is already facing a complaint with the election commission over his ownership of shares in a broadcaster, the same breach that led to the leader of Move Forward’s precursor being banned from politics for 10 years. Two of Thaksin’s previous parties were also dissolved.

Move Forward’s proposals for reforming the military and monarchy, including the harsh lèse majesté laws, are viewed by the establishment as “an existent threat”, according to Thitinan Pongsudhirak, director of the Institute of Security and International Studies at Chulalongkorn University in Bangkok. “It’s going to be very difficult to reform the old order without some kind of a confrontation.”

Read the full article here

News Room May 14, 2023 May 14, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Bank of England holds rates at 4.25% amid Middle East uncertainty

Stay informed with free updatesSimply sign up to the UK interest rates…

Russia on brink of recession, says economy minister

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Trafigura’s projects boss to leave in latest senior departure

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Iran’s exiled royal calls for regime change — but few are listening

For decades, Reza Pahlavi has lived in exile far from his homeland,…

Solar bankruptcies mount as Congress slashes green energy funds

Stay informed with free updatesSimply sign up to the Renewable energy myFT…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Bank of England holds rates at 4.25% amid Middle East uncertainty

By News Room
News

Russia on brink of recession, says economy minister

By News Room
News

Trafigura’s projects boss to leave in latest senior departure

By News Room
News

Iran’s exiled royal calls for regime change — but few are listening

By News Room
News

Solar bankruptcies mount as Congress slashes green energy funds

By News Room
News

Air India chair says crashed plane and engines had ‘clean history’

By News Room
News

Vladimir Putin’s investment forum fails to attract western companies

By News Room
News

Oaktree co-founder Howard Marks calls on China to open up to foreign investors

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?