简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Suspended Thai prime minister Prayuth Chan-ocha is to attend a defence ministry meeting on Thursday as a longtime ally begins his first full day as acting premier and Thailand settled in for weeks of uncertainty while a court ponders Prayuth’s future.
Thailand‘s army chief on Thursday signalled his approval of suspended prime minister Prayuth Chan-ocha, himself a former army commander, as a court ponders Prayuth’s future following an opposition challenge to his eligibility to remain in power.
The Constitutional Court on Wednesday suspended Prayuth, 68, from the top job pending a review of his constitutionally mandated eight-year term limit.
The controversy over Prayuths tenure could revive old rivalries at the root of nearly two decades of intermittent political turmoil, including two coups and violent protests, stemming from opposition to military involvement in politics and demands for greater representation as political awareness grows.
Army chief General Narongpan Jittkaewtae told reporters Prayuth was “a soldier and a gentleman” for accepting the courts decision to take up the petition filed by the main opposition party, which Prayuth ousted from power when he was army chief in a 2014 coup.
“I have to admire him, he is a gentleman, a leader and a model soldier. The court ordered and he followed. This is a good thing for society, for our country and proper conduct in a democracy,” Narongpan said.
The opposition Pheu Thai party argues that Prayuth has served his maximum of eight years, as stipulated in a 2017 constitution drafted during military rule, because his time as junta chief should count.
The court suspended Prayuth until it delivers a verdict on the petition. It has not given a date.
Prayuth has made no public comment on the decision. He stayed at home on Thursday but attended a defence ministry meeting via video conference, a ministry official said.
He has retained his cabinet post of defence minister.
A government spokesperson said on Wednesday Prayuth respected the courts decision adding that the government would function as normal.
Deputy Prime Minister Prawit Wongsuwan, 77, also a royalist and ex-army chief with longstanding ties with Prayuth, has taken over as interim leader.
‘PRAYUTH SHOULD RESIGN’
Prayuth ruled as head of a military council after he overthrow an elected government in 2014 led by Yingluck Shinawatra, the sister of former prime minister and telecoms tycoon Thaksin Shinawatra.
Both Yingluck and Thaksin, who was ousted in a 2006 coup, live abroad in self-exile.
Prayuth became a civilian prime minister in 2019 following an election. Thailands next general election is due by May next year.
Pheu Thai leader Chonlanan Srikaew called for Prayuth to resign now.
“For the sake of the country, General Prayuth should resign so we can begin the process of selecting a prime minister based on the constitution as fast as possible,” Chonlanan said in a post on Facebook.
Prayuths supporters argue that his term started in 2017, when a new constitution took effect, or after the 2019 election, meaning that he should be allowed to stay on until 2025 or 2027, provided he retains backing in parliament.
Even if the court rules Prayuths term has reached its limit, his largely pro-military coalition has the votes in parliament to choose a new prime minister.
Public reaction to Prayuth‘s suspension was muted but a small group of democracy activists set off fireworks near the prime minister’s residence late on Wednesday and tussled with police.
“Prawit has always been with Prayuth … there is not a lot of differences between them,” youth activist Patsaravalee Tanakitvibulpon told Reuters.
“What the regime is doing is swapping the player but the same network remains in power,” she said.
The turmoil may shake investor confidence in Southeast Asias second-largest economy, the Bangkok Post reported, though it cited the chairman of the Thai Chamber of Commerce as saying the sector remained upbeat about prospects for growth.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Webull Financial, alongside Lightspeed Financial Services Group and Paulson Investment Company, LLC, has agreed to pay a collective fine of $275,000 following an investigation by the US Securities and Exchange Commission (SEC). The penalty was issued due to the firms’ failure to include essential information in suspicious activity reports (SARs) over a four-year period.
Barclays has reached a settlement with the UK’s Financial Conduct Authority (FCA), agreeing to pay a £40 million fine for failing to adequately disclose arrangements with Qatari investors during its critical fundraising efforts amidst the 2008 financial crisis.
In the midst of rapid advancements and evolving landscapes in financial technology, financial regulation, and ensuring financial security, WikiGlobal stands at the forefront, closely tracking these transformative trends. As we embark on our series of exclusive interviews focusing on these pivotal areas, we are delighted to have had an in-depth conversation with.
An individual trader has come forward with allegations of an unfavourable experience while using the services of the broker TradeEU.global.