Free Trial

Pheu Thai Accepts Move Forward's Coalition Talks Offer, Pita Still Faces Legal Challenge

THAILAND

Thailand's main opposition Pheu Thai party has agreed to Move Forward's proposal to form a coalition government after the two pro-democracy parties outperformed in a general election held over the weekend, with Move Forward confirmed as the winner after the vote count officially ended.

  • Thai voters delivered a clear rejection of the rule of junta-backed parties, handing a sweeping victory to Pheu Thai and Move Forward, both of which have vowed to demilitarise Thai politics.
  • Move Forward's leader Pita Limjaroenrat unveiled his plan to team up with Pheu Thai and four other parties, which would give the coalition a combined 309 seats in the House of Representatives, which is composed of 500 members.
  • However, there is considerable uncertainty surrounding the process of government formation. Crucially, Thai PM is nominated by a majority by a joint session of both houses of parliament, including the 250-member military-appointed Senate.
  • Pita has called on Senators to respect the will of the voters and greenlight the formation of a pro-democracy government, which suggests that he will not be immediately seeking compromise with pro-military parties.
  • As a reminder, Pita still faces a legal challenge to his eligibility to contest the election. A Palang Pracharat Party candidate last week petitioned the Election Commission to disqualify Pita over holding shares in a media company.

To read the full story

Close

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.