On 9 May, Prime Minister Abhisit Vejjajiva received the king's approval to dissolve the House of Representatives in order to hold national elections on 3 July. The political contest will represent Thailand's first election since 2007. In 2007, the Parliament elected Abhisit Vejjajiva with military backing as Prime Minister after former Prime Minister Thaksin Shinawatra was ousted in a coup. Thaksin Shinawatra was later sentenced to jail for corruption and abuse of power. Since then, Prime Minister Abhisit Vejjajiva has struggled to assert his legitimacy to lead a divided country, in particular in the poor north-eastern and northern regions of the country, where a powerful anti-government movement commanded from exile by Shinawatra remains strong. Supporters of Thaksin Shinawatra, who had aligned with the ?red-shirt? anti-government movement, demonstrated in the streets of Bangkok in April and May last year in violent protests that were crushed by the military, resulting in a death-toll of some 90 people. Despite the strong opposition movements from pro-Thaksin Pua Thai Party, local analysts expect the ruling Democrat Party to gain sufficient support, resulting in a tight election. However, if neither party wins a majority in the 500-seat lower house, they will need to form a coalition government with smaller parties, which make the future course of politics even less predictable. While the election will take Thailand's divisions from the streets into the political arena, analysts suggest that it could trigger further protests by supporters of the losing side, intensifying the level of confrontation and polarisation in the months to come.
Prime Minister dissolves the parliament, setting the stage for early elections
May 18, 2011
Looking for forecasts related to Other in Thailand? Download a sample report now.
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.