World

Thailand’s Move Forward seek to curb Senate powers after loss in PM vote

2023.07.14 04:00


© Reuters. FILE PHOTO: Move Forward Party Leader Pita Limjaroenrat looks on at a voting session for a new prime minister at the parliament, in Bangkok, Thailand, July 13, 2023. REUTERS/Athit Perawongmetha/File Photo

By Chayut Setboonsarng and Panarat Thepgumpanat

BANGKOK (Reuters) – Thailand’s election winning Move Forward party announced on Friday a plan to try to curb the power of the military-appointed Senate, a day after its members thwarted the party leader’s bid to become prime minister.

The role of the 249-member Senate in deciding a prime minister along with the elected lower house – a system designed by the royalist military after a 2014 coup – is seen as a constitutional safeguard to protect the interests of the generals and the conservative establishment.

Despite being unopposed and with the backing of his eight-party alliance, Move Forward’s Pita Limjaroenrat lost the crucial vote on the premiership on Thursday, after the Senate and parties of the outgoing, army-backed government closed ranks to deny him the top job.

Only 13 senators backed 42-year-old Pita, with the rest voting against him or abstaining, which his party said indicated some were acting under duress.

“There are forces from the old power to pressure the Senate – from the old power to some capitalists who do not want to see a Move Forward government,” party secretary general Chaithawat Tulathon said in a television interview.

“Since the senators were uncomfortable in electing the PM, why not switch off this power?” he said, adding the party would attempt to limit the Senate’s powers by amending an article of the constitution, which could take a month.

Pita, a Harvard-educated liberal from the private sector, has won huge youth support for his plan to shake up politics and bring reforms to sectors and institutions long considered untouchable.

That includes the monarchy, more specifically, a law that prohibits insulting it, by far Move Forward’s most contentious policy and a big obstacle in its attempts to convince legislators to back Pita.

SUCKER PUNCH

Pita vowed on Thursday not to abandon those policies or give up his fight for the premiership. He can run again if nominated in the next vote, which takes place on July 19, the house speaker confirmed.

The Thursday defeat followed a sucker punch for Pita on the eve of the vote, when the election commission recommended he be disqualified over a shareholding issue, followed hours later by the Constitutional Court announcing it had taken on a complaint over his party’s plan to amend the royal insult law.

The political tension this week had been widely expected.

Thailand has for two decades been locked in a power struggle between reform-minded parties that win elections and a nexus of old money and the military establishment determined to stifle them.

Pro-democracy groups have called for protests. One activist group, the United Front of Thammasat and Demonstration, took aim at the Senators and those who abstained in the vote, calling them spineless and “toxic to the will of people”.

The uncertainty weighed on the Thai baht, which slipped about 0.4% to 34.65 per dollar in morning trade. The benchmark Thai index was up 1%.

Vijay Vikram Kannan, Asia macro strategist at Societe Generale (OTC:) in Singapore, said the baht could underperform peers due to political risk, but a major selloff was unlikely.

“The market is just looking for an overall resolution of the situation. Whichever form it takes, that should lead to a rally,” he said.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 95,584.61 0.35%
ethereum
Ethereum (ETH) $ 2,670.18 2.77%
xrp
XRP (XRP) $ 2.56 3.84%
tether
Tether (USDT) $ 0.999661 0.05%
bnb
BNB (BNB) $ 647.68 3.04%
solana
Solana (SOL) $ 169.33 4.69%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.251102 2.87%
cardano
Cardano (ADA) $ 0.751698 7.18%
staked-ether
Lido Staked Ether (STETH) $ 2,668.61 2.92%
tron
TRON (TRX) $ 0.239634 0.48%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,283.53 0.57%
chainlink
Chainlink (LINK) $ 17.86 6.69%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,187.87 2.76%
stellar
Stellar (XLM) $ 0.323175 3.31%
litecoin
Litecoin (LTC) $ 129.72 6.06%
avalanche-2
Avalanche (AVAX) $ 23.49 6.26%
sui
Sui (SUI) $ 3.06 5.06%
ugold-inc
UGOLD Inc. (UGOLD) $ 3,038.39 0.08%
the-open-network
Toncoin (TON) $ 3.67 2.46%
leo-token
LEO Token (LEO) $ 9.78 0.24%
usds
USDS (USDS) $ 1.00 0.03%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 3.42%
hedera-hashgraph
Hedera (HBAR) $ 0.206898 2.72%
hyperliquid
Hyperliquid (HYPE) $ 24.01 5.53%
weth
WETH (WETH) $ 2,668.77 2.82%
mantra-dao
MANTRA (OM) $ 7.56 4.56%
polkadot
Polkadot (DOT) $ 4.76 2.66%
bitcoin-cash
Bitcoin Cash (BCH) $ 316.10 2.49%
ethena-usde
Ethena USDe (USDE) $ 0.999258 0.08%
uniswap
Uniswap (UNI) $ 9.61 3.11%
bitget-token
Bitget Token (BGB) $ 4.70 6.91%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,828.61 2.76%
monero
Monero (XMR) $ 237.03 0.75%
whitebit
WhiteBIT Coin (WBT) $ 27.24 0.25%
pepe
Pepe (PEPE) $ 0.000009 8.48%
ondo-finance
Ondo (ONDO) $ 1.20 2.82%
aave
Aave (AAVE) $ 249.20 5.87%
near
NEAR Protocol (NEAR) $ 3.14 4.03%
mantle
Mantle (MNT) $ 1.04 2.46%
susds
sUSDS (SUSDS) $ 1.03 1.29%
dai
Dai (DAI) $ 0.999972 0.01%
aptos
Aptos (APT) $ 5.62 5.00%
official-trump
Official Trump (TRUMP) $ 16.36 4.88%
internet-computer
Internet Computer (ICP) $ 6.76 4.30%
bittensor
Bittensor (TAO) $ 374.60 3.72%
ethereum-classic
Ethereum Classic (ETC) $ 20.17 3.45%
okb
OKB (OKB) $ 49.24 2.57%
gatechain-token
Gate (GT) $ 22.39 3.28%
tokenize-xchange
Tokenize Xchange (TKX) $ 34.41 4.72%