Berliner Boersenzeitung - Thailand gets third leader this week as new cabinet sworn in

EUR -
AED 4.349632
AFN 76.984877
ALL 96.698026
AMD 445.493248
ANG 2.120131
AOA 1086.075122
ARS 1695.787878
AUD 1.68403
AWG 2.134841
AZN 2.016608
BAM 1.958823
BBD 2.378351
BDT 144.412897
BGN 1.989009
BHD 0.446558
BIF 3499.401225
BMD 1.184378
BND 1.503721
BOB 8.159698
BRL 6.195011
BSD 1.180808
BTN 106.961447
BWP 15.632931
BYN 3.392393
BYR 23213.809848
BZD 2.374835
CAD 1.616824
CDF 2605.63188
CHF 0.916826
CLF 0.025694
CLP 1014.550526
CNY 8.21834
CNH 8.204963
COP 4367.157197
CRC 585.396128
CUC 1.184378
CUP 31.386018
CVE 110.436855
CZK 24.226394
DJF 210.272775
DKK 7.469156
DOP 74.524082
DZD 153.858583
EGP 55.649066
ERN 17.765671
ETB 183.569509
FJD 2.603086
FKP 0.870056
GBP 0.869558
GEL 3.19194
GGP 0.870056
GHS 12.977194
GIP 0.870056
GMD 86.459497
GNF 10364.998077
GTQ 9.057094
GYD 247.05445
HKD 9.254878
HNL 31.191749
HRK 7.532705
HTG 154.688758
HUF 377.909575
IDR 19942.557664
ILS 3.673976
IMP 0.870056
INR 107.048233
IQD 1546.907198
IRR 49891.925689
ISK 145.003601
JEP 0.870056
JMD 184.812913
JOD 0.839706
JPY 185.322594
KES 152.322583
KGS 103.573879
KHR 4765.355189
KMF 496.254531
KPW 1065.92841
KRW 1734.610512
KWD 0.363699
KYD 0.984031
KZT 584.249171
LAK 25375.058549
LBP 105747.378762
LKR 365.322322
LRD 221.995455
LSL 19.050162
LTL 3.49716
LVL 0.716418
LYD 7.477447
MAD 10.840569
MDL 20.132819
MGA 5242.024525
MKD 61.597571
MMK 2486.749634
MNT 4225.70416
MOP 9.502687
MRU 46.690474
MUR 54.457679
MVR 18.298665
MWK 2047.534379
MXN 20.424481
MYR 4.657563
MZN 75.503645
NAD 19.050645
NGN 1615.302477
NIO 43.457075
NOK 11.440352
NPR 171.133973
NZD 1.966535
OMR 0.455403
PAB 1.180838
PEN 3.973183
PGK 5.063837
PHP 69.184291
PKR 330.186852
PLN 4.216208
PYG 7801.976252
QAR 4.304098
RON 5.093652
RSD 117.380141
RUB 91.20558
RWF 1723.43825
SAR 4.440466
SBD 9.543894
SCR 17.335435
SDG 712.402898
SEK 10.653242
SGD 1.503503
SHP 0.88859
SLE 28.958141
SLL 24835.814724
SOS 673.631199
SRD 44.790799
STD 24514.234457
STN 24.537977
SVC 10.332078
SYP 13098.717786
SZL 19.046156
THB 36.969772
TJS 11.064518
TMT 4.151245
TND 3.424729
TOP 2.851698
TRY 51.664586
TTD 7.996444
TWD 37.418647
TZS 3049.592233
UAH 50.719742
UGX 4201.538165
USD 1.184378
UYU 45.641024
UZS 14500.564853
VES 447.677287
VND 30722.766707
VUV 141.15753
WST 3.234193
XAF 656.962683
XAG 0.014384
XAU 0.000235
XCD 3.200841
XCG 2.128212
XDR 0.817051
XOF 656.962683
XPF 119.331742
YER 282.353324
ZAR 18.923341
ZMK 10660.82591
ZMW 21.992667
ZWL 381.36925
  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    1.8700

    91.03

    +2.05%

  • AZN

    5.8700

    193.03

    +3.04%

  • GSK

    1.0600

    60.23

    +1.76%

  • CMSD

    0.0600

    23.95

    +0.25%

  • NGG

    1.1700

    88.06

    +1.33%

  • RIO

    2.2900

    93.41

    +2.45%

  • BCE

    -0.4900

    25.08

    -1.95%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BTI

    0.8400

    62.8

    +1.34%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • JRI

    0.0900

    12.97

    +0.69%

  • BP

    0.8400

    39.01

    +2.15%

  • VOD

    0.4900

    15.11

    +3.24%

  • RELX

    -0.7100

    29.38

    -2.42%

Thailand gets third leader this week as new cabinet sworn in
Thailand gets third leader this week as new cabinet sworn in / Photo: Lillian SUWANRUMPHA - AFP

Thailand gets third leader this week as new cabinet sworn in

Thailand saw its third person helming the prime minister's office in a week on Thursday, as the king swore in a new cabinet after a court decision plunged the nation's top office into turmoil.

Text size:

The prime minister's office was upheaved on Tuesday when the Constitutional Court suspended Prime Minister Paetongtarn Shinawatra pending an ethics probe which could take months.

Power passed to transport minister and deputy prime minister Suriya Jungrungreangkit who took office for only one full day, as the bombshell was dropped in an awkward interim ahead of the reshuffle.

Former defence minister Phumtham Wechayachai was sworn in as interior minister by the king on Thursday morning, taking on a deputy prime minister role outranking Suriya's -- thus becoming the acting premier.

The Thai government said in a statement on social media that the new cabinet approved Phumtham's role as acting prime minister at its first meeting.

Before Paetongtarn was ousted she assigned herself the role of culture minister in the new cabinet, meaning she has kept a perch in the upper echelons of power.

The revolving door of leadership comes as the kingdom is battling to revive a spluttering economy and secure a US trade deal averting President Donald Trump's looming threat of a 36 percent tariff.

- 'Big Comrade' at the helm -

Phumtham is considered a loyal lieutenant to the suspended Paetongtarn and her father Thaksin Shinawatra, the powerful patriarch of a dynasty which has dominated Thai 21st-century politics.

Thaksin-linked parties have been jousting with the pro-military, pro-conservative establishment since the early 2000s, but analysts say the family's political brand has now entered decline.

The 71-year-old Phumtham earned the nickname "Big Comrade" for his association with a left-wing youth movement of the 1970s, but transitioned to politics through a role in Thaksin's telecoms empire.

In previous cabinets he held the defence and commerce portfolios, and spent a spell as acting prime minister after a crisis engulfed the top office last year.

Paetongtarn has been hobbled over a longstanding territorial dispute between Thailand and Cambodia, which boiled over into cross-border clashes in May, killing one Cambodian soldier.

When she made a diplomatic call to Cambodian ex-leader Hun Sen, she called him "uncle" and referred to a Thai military commander as her "opponent", according to a leaked recording causing widespread backlash.

A conservative party abandoned her ruling coalition -- sparking the cabinet reshuffle -- accusing her of kowtowing to Cambodia and undermining the military.

The Constitutional Court said there was "sufficient cause to suspect" Paetongtarn breached ministerial ethics in the diplomatic spat.

(K.Lüdke--BBZ)