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MNI US Macro Weekly: Politics To The Fore
PPRP Asks Election Commission To Launch Probe Into Senior Opposition Leader
The Bangkok Post reports that Palang Pracharath Party's (PPRP) list-MP candidate Ruuangkrai Leekitwattana accused Move Forward Party's (MFP) leader and prime ministerial candidate Pita Limjaroenrat of holding shares in a media company iTV Plc and called on the Election Commission to disqualify him from running in the upcoming general election.
- The PPRP MP said that he was about to file a request to the Election Commission to launch a formal probe into Pita to check his eligibility for contesting the election. Thai constitution prohibits shareholders of media companies from being candidates.
- Pita tweeted that he was "not worried about the case because the shares are not mine. It's a family heritage, and I'm the manager of that. I informed the National Anti-Corruption Commission about this a long time ago."
- The anti-junta MFP is a de facto successor to the Future Forward Party, which captured 17.6% of the vote in the 2019 election, becoming the third-largest party in the lower house before being disbanded by a controversial court order.
- The pro-military PPRP submitted its request to the Election Commission at a time when Pita's popularity is on the rise, with the latest NIDA opinion poll showing that he surpassed Pheu Thai's Paetongtarn Shinawatra as the favourite PM candidate.
- Paetongtarn admitted earlier this week that the MFP is a potential coalition partner of Pheu Thai, the main opposition party. However, she said that any alliance is conditional on Pheu Thai controlling major ministries and nominating the PM.
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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.