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Free AccessProspect Of Pheu Thai-Led Grand Coalition Takes Shape Amid Talks With Conservatives
United Thai Nation (UTN) party deputy leader Thanakorn Wangboonkongchana spoke positively about the prospect of working together with the Pheu Thai Party (PTP) for the benefit of the country and said that they could put their historical differences behind.
- The UTN is one of the major pro-military, royalist parties, which was joined by caretaker Prime Minister Prayuth Chan-o-cha earlier this year. Pheu Thai has also reportedly explored the option of cooperating with other pro-establishment parties, such as Bhumjaithai (BJT) or Chart Thai Pattana (CTP).
- The split between election front-runners Move Forward Party (MFP) and the PTP was evident during today's celebration of the King's birthday. A Pheu Thai delegation led by presumptive PM candidate Srettha Thavisin visited the Royal Palace to pay respect to the monarch, while the MFP stayed mum on the celebrations.
- A Pheu Thai source told the Bangkok Post today that political veterans Thaksin Shinavatra and Thanathorn Juangroongruangkit brokered a deal which would keep the MFP out of the governing coalition in order to secure support from pro-establishment parties and senators.
- However, there is an understanding that entering a coalition with pro-military parties (especially the pro-coup PPRP/UTN) could alienate many Pheu Thai voters. Local political analyst Ken Mathis Lohatepanont writes that the party may still try to form a governing bloc excluding both the MFP and PPRP/UTN.
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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.