• bitcoinBitcoin(BTC)$65,284.00-0.60%
  • ethereumEthereum(ETH)$1,878.95-2.40%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$566.99-0.60%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.11-2.40%
  • solanaSolana(SOL)$75.76-2.50%
  • tronTRON(TRX)$0.3293920.40%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.043.10%
  • whitebitWhiteBIT Coin(WBT)$56.74-1.20%
  • HyperliquidHyperliquid(HYPE)$58.36-1.20%
  • dogecoinDogecoin(DOGE)$0.069094-4.60%
  • USDSUSDS(USDS)$1.000.00%
  • RainRain(RAIN)$0.013923-3.00%
  • leo-tokenLEO Token(LEO)$9.62-1.70%
  • zcashZcash(ZEC)$508.64-0.90%
  • moneroMonero(XMR)$355.960.70%
  • chainlinkChainlink(LINK)$8.44-1.90%
  • stellarStellar(XLM)$0.184078-0.20%
  • cardanoCardano(ADA)$0.167064-3.90%
  • CantonCanton(CC)$0.1225520.30%
  • daiDai(DAI)$1.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$211.47-3.30%
  • USD1USD1(USD1)$1.000.00%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.46-3.90%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • litecoinLitecoin(LTC)$46.72-1.20%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • hedera-hashgraphHedera(HBAR)$0.071136-2.30%
  • suiSui(SUI)$0.74-2.70%
  • Circle USYCCircle USYC(USYC)$1.130.00%
  • avalanche-2Avalanche(AVAX)$6.28-4.10%
  • crypto-com-chainCronos(CRO)$0.057292-0.40%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • nearNEAR Protocol(NEAR)$1.901.50%
  • tether-goldTether Gold(XAUT)$4,024.94-2.20%
  • shiba-inuShiba Inu(SHIB)$0.000004-2.20%
  • uniswapUniswap(UNI)$3.82-0.10%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.00%
  • OndoOndo(ONDO)$0.404521-1.30%
  • BittensorBittensor(TAO)$193.20-1.20%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.0565342.80%
  • pax-goldPAX Gold(PAXG)$4,023.19-2.30%
  • okbOKB(OKB)$81.93-0.20%
  • AsterAster(ASTER)$0.630.30%
  • HTX DAOHTX DAO(HTX)$0.000002-0.60%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • usddUSDD(USDD)$1.000.00%
  • MemeCoreMemeCore(M)$1.151.50%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Thai opposition parties agree to coalition after election success

May 15, 2023
in Market & News
Reading Time: 7 mins read
A A
Thai opposition parties agree to coalition after election success
ShareShareShareShareShare
  • Big opposition win but no guarantee on government
  • Opposition say junta-appointed Senate must respect people’s will
  • Pheu Thai – ‘No plan to form any other government’
  • Amendments to royal insult law will be pursued – Pita

BANGKOK, May 15 (Reuters) – Thailand’s two main opposition parties agreed on Monday to form a ruling coalition after they trounced in a weekend election military-backed rivals that have controlled government for nearly a decade.

The Move Forward party and opposition heavyweight Pheu Thai dominated Sunday’s ballot in a stunning rout of army-backed parties, but they could face challenges in mustering enough support, with parliamentary rules drafted by the military after a 2014 coup skewed in favour of its allies.

Their alliance would need to ensure its efforts to form a new government would not be stymied by a junta-appointed Senate, which gets to vote on the prime minister in a bicameral sitting of the 750-member legislature, and has a record of favouring conservative parties led by generals.

Pita Limjaroenrat, Move Forward’s 42-year-old leader proposed an alliance of six parties that would command 309 seats, with him as prime minister. That would be short of the 376 seats needed to ensure he was elected to the top job.

Asked about the upper house Senate, he said all sides must respect the election outcome and there was no use going against it.

“I am not worried but I am not careless,” he told a press conference.

“It will be quite a hefty price to pay if someone is thinking about debunking the election result or forming a minority government.”

Pheu Thai, controlled by the billionaire Shinawatra family said it agreed with Pita’s proposal and wished him luck in efforts to become prime minister.

The party had won most seats in every election this century, including twice in landslides, but met its match against Move Forward as it came close to a sweep of the capital Bangkok and made gains in some Pheu Thai and conservative strongholds.

NO OTHER ALLIANCE

“Pheu Thai has no plan to form any other government,” leader Chonlanan Srikaew told a press conference.

[1/4] Move Forward Party leader and prime ministerial candidate, Pita Limjaroenrat, attends a press conference following the general election, at the party’s headquarters in Bangkok, Thailand, May 15, 2023. REUTERS/Athit Perawongmetha

YOU MAY ALSO LIKE

Deer swept away in floodwaters near San Antonio

Regis Resources Limited (RGRSY) Q4 2026 Earnings Call Transcript

Asked about the possibility of their coalition being thwarted by the upper house, he said: “In principle, Senators will have to respect the people’s voice.”

Though the results appear to be a hammer blow for the military and its allies, with parliamentary rules on their side and some influential power-brokers behind them, they could determine the shape of a new government.

Move Forward was galvanized by a wave of excitement among the youth over its liberal agenda and promises of bold changes, including breaking up monopolies and reforming a law on insulting the monarchy.

The party added a new dimension to the battle for power that was for years centred on the polarising Shinawatra family and a pro-military establishment, that brought two decades of on-off tumult.

Pita said Move Forward would press ahead with its plan to amend strict lese majeste laws against insulting the monarchy, which critics say have been used to stifle free speech. Thailand’s palace does not comment on the law or its use.

The law punishes perceived insults by up to 15 years in prison, with hundreds of people facing charges, some of whom are in pre-trial detention.

Pita said parliament would be the right forum to seek amendments to the law, or article 112 of the criminal code.

“We will use the parliament to make sure that there is a comprehensive discussion with maturity, with transparency in how we should move forward in terms of the relationship between the monarchy and the masses,” he said.

Asked if Pheu Thai would back that, Paetongtarn Shinawatra, one of its main candidates, said it could be discussed in the legislature.

“Pheu Thai has a clear stand that we won’t abolish 112 but there can be a discussion about the law in parliament,” she said.

(This story has been refiled to fix the spelling of ‘coalition’ in the headline)

Reporting by Panarat Thepgumpanat, Chayut Setboonsarng and Panu Wongcha-um; Writing by Martin Petty; Editing by Robert Birsel

Our Standards: The Thomson Reuters Trust Principles.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Deer swept away in floodwaters near San Antonio
Market & News

Deer swept away in floodwaters near San Antonio

July 24, 2026
Regis Resources Limited (RGRSY) Q4 2026 Earnings Call Transcript
Market & News

Regis Resources Limited (RGRSY) Q4 2026 Earnings Call Transcript

July 24, 2026
Deadly flooding hits same region of Texas devastated by floods last year
Market & News

Deadly flooding hits same region of Texas devastated by floods last year

July 24, 2026
Truth Social plans to sell Wall Street firms ‘fast’ access to president’s posts
Market & News

Truth Social plans to sell Wall Street firms ‘fast’ access to president’s posts

July 24, 2026
Next Post
MercadoLibre to Double Electric Van Fleet

MercadoLibre to Double Electric Van Fleet

Leave a Reply Cancel reply

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

Search

No Result
View All Result
How To Use Claude’s Reflect Dashboard And Learn When It’s Time To Touch Grass

How To Use Claude’s Reflect Dashboard And Learn When It’s Time To Touch Grass

July 19, 2026
I Can’t Believe This Entry Worked

I Can’t Believe This Entry Worked

July 23, 2026
U.S. measles cases hit 35-year record with months left in 2026 – The Washington Post

U.S. measles cases hit 35-year record with months left in 2026 – The Washington Post

July 22, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!