The upcoming general elections, scheduled to be held on 3 July, will be decided between two major parties: the Democrat Party of incumbent Prime Minister Abhisit Vejjajiva and the opposition left-wing Pheu Thai party that is led by Yingluck Shinawatra, the sister of the exiled Prime Minister Thaksin Shinawatra. Yingluck Shinawatra, a young businesswoman with virtually no experience in politics, was picked to lead the Pheu Thai party in order to challenge Prime Minister Abhisit Vejjajiva and his Democrats, as Thaksin Shinawatra remains banned from politics in Thailand. However, as Yingluck Shinawatra's credentials remain unknown, scepticism has arisen amongst Pheu Thai supporters as to whether she would emerge as a politician in her own right, or if she would behave more as an operator for her brother in exile. According to the latest opinion polls, the Pheu Thai party would garner about 30% of the vote, while the Democrats would gain around 17%. As neither party is likely to win a majority, the winner will need to form a coalition government with smaller parties, making the future course of the government even less predictable. However, even if the Pheu Thai wins the elections, the country is likely to face an uncertain political future. In a television appearance, army chief General Prayuth Chan-ocha urged voters to choose the ?good people? in the election. The military deposed Thaksin in 2006, triggering a long period of civil unrest including airport seizures, arson attacks and street protests that killed more than 100 people.
Opposition Pheu Party leads polls ahead of the general elections
June 22, 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.