On 11 February, Thailand's parliament passed two constitution amendment bills, which Prime Minister Abhisit Vejjajiva had set as a condition to call for early elections. As the opposition Puea Thai party boycotted the vote and staged a walk-out, both chambers passed the bills with overwhelming majority. The bills aim at better classifying international agreements that require parliamentary approval and seek changes to the size of electoral constituencies and number of members of parliament. Abhisit indicated that that he would call for elections in the first half of this year if the country remains free from political violence. Massive protests in April and May last year, led by the opposition red-shirt movement left more than 90 people dead. Despite the strong opposition movement, many observers expect the ruling Democrat Party to garner sufficient support in the elections to remain in power, probably by forming a coalition with other parties.
Charter bill changes passes parliament, paving the way for early elections
February 17, 2011
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Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.