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Free AccessMain Opposition Party Considers Creating "Offshoot" To Boost Election Chances
Thailand's main opposition Pheu Thai Party (PTP) mulls setting up a smaller party as its "offshoot" to bolster its chances for victory in the next general election, the Bangkok Post reports.
- The move would help the PTP win more party-list seats after parliament adopted in the first reading a seat calculation method that effectively lowers the electoral threshold for smaller parties.
- The government has been accused of deliberately adopting the new method to prevent Pheu Thai Party from winning the next lower house election amid expectations that the PTP was on track for strong performance in the party-list poll.
- The main opposition party has questioned the legality of the new rules and threatened to take them to the Constitutional Court, if the proposal is passed by lawmakers in the third and final reading.
- But it may also resort to the "taek bank pan" strategy of setting up a smaller political party that would provide its support in the party-list poll, allowing the PTP to focus on contesting constituency seats.
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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.