Berliner Boersenzeitung - Conservative Thai tycoon wins parliament vote to become PM

EUR -
AED 4.330579
AFN 77.266839
ALL 96.708198
AMD 445.46619
ANG 2.110843
AOA 1081.316863
ARS 1700.694028
AUD 1.687655
AWG 2.122541
AZN 2.002628
BAM 1.956978
BBD 2.37682
BDT 144.326855
BGN 1.980296
BHD 0.444522
BIF 3497.000679
BMD 1.17919
BND 1.50296
BOB 8.153872
BRL 6.251007
BSD 1.180105
BTN 106.648728
BWP 15.623402
BYN 3.380334
BYR 23112.116738
BZD 2.373318
CAD 1.612265
CDF 2629.592863
CHF 0.917372
CLF 0.025758
CLP 1017.051614
CNY 8.181277
CNH 8.179236
COP 4367.91885
CRC 585.052081
CUC 1.17919
CUP 31.248525
CVE 110.330929
CZK 24.229993
DJF 210.145573
DKK 7.466882
DOP 74.474819
DZD 153.207747
EGP 55.257417
ERN 17.687844
ETB 183.873954
FJD 2.60542
FKP 0.870248
GBP 0.867624
GEL 3.177906
GGP 0.870248
GHS 12.956742
GIP 0.870248
GMD 86.080679
GNF 10357.18898
GTQ 9.051409
GYD 246.887529
HKD 9.213338
HNL 31.171759
HRK 7.53549
HTG 154.808568
HUF 377.857133
IDR 19901.183377
ILS 3.689389
IMP 0.870248
INR 106.892355
IQD 1545.930332
IRR 49673.363328
ISK 145.004928
JEP 0.870248
JMD 184.571074
JOD 0.836064
JPY 185.167781
KES 152.115755
KGS 103.120256
KHR 4762.724816
KMF 494.080306
KPW 1061.273312
KRW 1730.472671
KWD 0.362435
KYD 0.983392
KZT 582.020256
LAK 25364.264067
LBP 105700.236479
LKR 365.189769
LRD 219.491158
LSL 19.064673
LTL 3.481841
LVL 0.71328
LYD 7.475467
MAD 10.831272
MDL 20.055069
MGA 5221.142053
MKD 61.664068
MMK 2476.307031
MNT 4222.329188
MOP 9.496215
MRU 47.073328
MUR 54.313289
MVR 18.218526
MWK 2046.23141
MXN 20.445556
MYR 4.654854
MZN 75.173049
NAD 19.064673
NGN 1613.520157
NIO 43.424844
NOK 11.460444
NPR 170.638689
NZD 1.966965
OMR 0.453393
PAB 1.180105
PEN 3.96677
PGK 5.130087
PHP 69.0445
PKR 330.420345
PLN 4.216994
PYG 7792.656533
QAR 4.30097
RON 5.092447
RSD 117.387184
RUB 90.793016
RWF 1722.336492
SAR 4.422242
SBD 9.502085
SCR 16.378828
SDG 709.245463
SEK 10.665463
SGD 1.501262
SHP 0.884698
SLE 28.831333
SLL 24727.016071
SOS 673.205131
SRD 44.656155
STD 24406.844556
STN 24.514753
SVC 10.325214
SYP 13041.336023
SZL 19.055467
THB 37.273592
TJS 11.0454
TMT 4.13306
TND 3.419443
TOP 2.839205
TRY 51.430241
TTD 7.990809
TWD 37.354601
TZS 3048.205337
UAH 50.922545
UGX 4212.517207
USD 1.17919
UYU 45.537211
UZS 14474.710797
VES 445.71614
VND 30599.970885
VUV 141.48863
WST 3.214841
XAF 656.351989
XAG 0.015755
XAU 0.000241
XCD 3.186819
XCG 2.12678
XDR 0.816291
XOF 656.349204
XPF 119.331742
YER 281.119428
ZAR 19.012251
ZMK 10614.117983
ZMW 21.920098
ZWL 379.69858
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0300

    23.55

    +0.13%

  • CMSD

    0.0200

    23.89

    +0.08%

  • BCE

    -0.7700

    25.57

    -3.01%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • GSK

    1.9400

    59.17

    +3.28%

  • NGG

    -0.9000

    86.89

    -1.04%

  • BCC

    -1.0700

    89.16

    -1.2%

  • RIO

    -5.3600

    91.12

    -5.88%

  • BTI

    0.3300

    61.96

    +0.53%

  • BP

    -1.0300

    38.17

    -2.7%

  • AZN

    -0.2900

    187.16

    -0.15%

  • RYCEF

    -0.2000

    16.42

    -1.22%

  • RELX

    0.3100

    30.09

    +1.03%

  • VOD

    -1.0900

    14.62

    -7.46%

  • JRI

    -0.1500

    13

    -1.15%

Conservative Thai tycoon wins parliament vote to become PM
Conservative Thai tycoon wins parliament vote to become PM / Photo: Chanakarn Laosarakham - AFP

Conservative Thai tycoon wins parliament vote to become PM

Right-wing Thai tycoon Anutin Charnvirakul was confirmed Friday by parliament as the nation's next prime minister, ousting the dominant populist Shinawatra dynasty.

Text size:

The Shinawatras have been a mainstay of Thai politics for the past two decades, sparring with the pro-monarchy, pro-military establishment that views them as a threat to traditional social order.

Their Pheu Thai party has monopolised the top office since 2023 elections, but they have been bedevilled by a series of setbacks and a court ruling that resulted in dynasty heiress Paetongtarn Shinawatra's sacking as prime minister last week.

Construction magnate Anutin Charnvirakul rushed into the power vacuum, cobbling together a coalition of opposition blocs to shut out Pheu Thai.

Thaksin Shinawatra, the dynasty patriarch, flew out of the kingdom in the hours ahead of Friday's vote and was bound for Dubai, where he said he would visit friends and seek medical treatment.

Anutin won 311 votes, securing a comfortable majority of the 492 MPs in the National Assembly's lower house, official final results showed -- comfortably outstripping Pheu Thai's candidate.

"Parliament approves Anutin Charnvirakul to become prime minister," Deputy House Speaker Chalad Khamchuang said.

Anutin's elevation still needs to be endorsed by Thailand's king to become official.

- Cannabis champion -

Anutin leads the Bhumjaithai Party and previously served as deputy prime minister, interior minister and health minister -- but is perhaps most famous for delivering on a promise to legalise cannabis in 2022.

Also charged with the tourism-dependent kingdom's Covid-19 response, the 58-year-old accused Westerners of spreading the virus and was swiftly forced to apologise after a backlash.

He won crucial backing in Friday's vote from the largest parliamentary bloc, the 143-seat People's Party.

However, their support was given only on the condition that parliament is dissolved within four months in order to hold fresh polls.

"Governments change so often without real justification, it hardly shocked me anymore," 34-year-old Apiwat Moolnangdeaw told AFP in Bangkok.

However, he embraced the prospect of fresh polls soon to "set everything back to zero".

"Let citizens express their will," he said.

While Anutin's tenure may be short, Titipol Phakdeewanich, a political scientist from Ubon Ratchathani University, predicted his tenure would result in a "more conservative Thailand".

"The pro-democracy youth movement could face significant risks," he said, referring to an activist grouping that has called for reform of the monarchy and the constitution but has already been largely shut down.

- Dynasty in flight -

Pheu Thai put forward its own candidate in the vote for prime minister -- Chaikasem Nitisiri, who served as justice minister under a previous Shinawatra prime minister.

He secured only 152 votes.

The Supreme Court is due to rule on Tuesday in a case over Thaksin's hospital stay following his return from exile in August 2023, a decision that could affect the validity of his early release from prison last year.

While his guilt is not the subject of the case, some analysts say the verdict could see him jailed.

Thaksin said on social media he will return from Dubai to attend the court date "in person".

Anutin once backed the Shinawatras' Pheu Thai coalition but abandoned it this summer in apparent outrage over Paetongtarn's conduct during a border row with neighbouring Cambodia.

Thailand's Constitutional Court found on August 29 that Paetongtarn had breached ministerial ethics and fired her after only a year in power.

Pheu Thai is still governing in a caretaker capacity until the king endorses Anutin and the party made a last-ditch effort to forestall Friday's vote by requesting the palace dissolve parliament.

However, royal officials rejected the bid, according to acting prime minister Phumtham Wechayachai, citing "disputed legal issues" around Pheu Thai's ability to make such a move as an interim administration.

(O.Joost--BBZ)