© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Jan Aug Factor Output Flat M/M; Auto Drops

MNI BRIEF: Japan Sept Tokyo Core CPI 2.5% Vs. Aug 2.8%

MNI BRIEF: Cleveland Fed Data Points to Easing Shelter Prices

Japan Aug Ind. Output Flat; Shipments +0.1% M/M

Japan Tokyo Sep Inflation +2.5% Y/Y

MNI JAPAN AUG RETAIL SALES+7.0% Y/Y; JULY +7.0%

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

King Commutes Thaksin's Jail Term To One Year, Prawit To Resign Give Up MP Seat

THAILAND
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Markets News

Wires report that Thailand's King commuted former Prime Minister Thaksin Shinavatra's jail sentence to one year in response to Thaksin's plea for a royal pardon. The ex-PM was detained on his return to the country. Local press reported that Thaksin was allowed to return as part of a truce between the Pheu Thai Party (PTP) and pro-junta parties, which saw them form a new governing coalition.

  • Despite his immediate arrest, Thaksin was quickly moved to a hospital due to ill health and it was clear that he would not serve the full eight-year prison sentence handed to him by the court on several charges. Note that Thaksin remained a dominant figure in Pheu Thai, even during his self-exile.
  • Meanwhile, the formal change of guard in pro-junta parties continues, as outgoing Deputy Prime Minister and Palang Pracharath Party (PPRP) leader Prawit Wongsuwan announced his imminent resignation as a party-list MP (albeit he intends to remain party leader and focus on party work). This comes after outgoing Prime Minister Prayuth Chan-o-cha announced his departure from politics.
172 words

To read the full story

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Wires report that Thailand's King commuted former Prime Minister Thaksin Shinavatra's jail sentence to one year in response to Thaksin's plea for a royal pardon. The ex-PM was detained on his return to the country. Local press reported that Thaksin was allowed to return as part of a truce between the Pheu Thai Party (PTP) and pro-junta parties, which saw them form a new governing coalition.

  • Despite his immediate arrest, Thaksin was quickly moved to a hospital due to ill health and it was clear that he would not serve the full eight-year prison sentence handed to him by the court on several charges. Note that Thaksin remained a dominant figure in Pheu Thai, even during his self-exile.
  • Meanwhile, the formal change of guard in pro-junta parties continues, as outgoing Deputy Prime Minister and Palang Pracharath Party (PPRP) leader Prawit Wongsuwan announced his imminent resignation as a party-list MP (albeit he intends to remain party leader and focus on party work). This comes after outgoing Prime Minister Prayuth Chan-o-cha announced his departure from politics.