People's Party says to back Anutin as new Thai prime minister

People's Party says to back Anutin as new Thai prime minister

In a significant development in Thai politics, the People's Party has announced its support for Anutin Charnvirakul as the next prime minister. This decision comes amidst a period of political instability following the removal of Paetongtarn Shinawatra as prime minister by the Constitutional Court. The court found Shinawatra had breached ethical standards during a border row with Cambodia, leaving Thailand with an acting prime minister and a caretaker cabinet [2].

The People's Party, which holds 143 seats in the 492-seat House of Representatives, has become a crucial player in the formation of the new government. The party's leader, Natthaphong Ruengpanyawut, stated that the party's backing will be conditional on parliament being dissolved for fresh elections within four months. This move signals a potential shift in Thailand's political landscape and could lead to further turmoil as different factions vie for power [2].

Anutin Charnvirakul, leader of the Bhumjaithai Party, has been actively courting support from various political parties to form a new government. Bhumjaithai, with its 69 seats, has secured agreements with several parties and political blocs, including the People's Party, People’s Party, Palang Pracharath Party, Kla Tham Party, United Thai Nation Party, and Thai Sang Thai Party. This coalition has amassed a total of 279 supportive votes, positioning Anutin as a strong candidate for the prime ministership [1].

The rapid manoeuvring by Bhumjaithai to form the next government underscores the party's determination to secure Anutin's position at the helm. Ministerial positions have been offered as part of these deals, with specific roles such as the Ministry of Interior, Defence, and Labour being discussed. This strategic approach highlights Bhumjaithai's efforts to consolidate power and influence within the new government [1].

The backing of the People's Party for Anutin Charnvirakul marks a significant step forward in the political negotiations. However, the conditional nature of their support, tied to the dissolution of parliament, adds an element of uncertainty to the process. As the political landscape continues to evolve, investors and financial professionals should closely monitor these developments for their potential impact on Thailand's economic stability and policy direction.

References:
[1] https://www.nationthailand.com/news/politics/40054727
[2] https://www.arabnews.com/node/2613709/world