Thailand's election-winning Move Forward Party has been excluded from a coalition of parties hoping to form the next government after a May general election, parties in the alliance said on Wednesday. Southeast Asia's second largest economy has been in political limbo since the poll, in which the progressive Move Forward emerged as the largest party, closely followed by the populist Pheu Thai party. Pheu Thai, the latest incarnation of a party founded by former telecoms tycoon Thaksin Shinawatra, said it would nominate a businessman, Srettha Thavisin, in a parliamentary vote for prime minister, due on Friday, and it aimed to form a government without Move Forward.
(Bloomberg) Pheu Thai, a party linked to former premier Thaksin Shinawatra, said it will form a new coalition with possible backing of conservative parties to end a political stalemate that has gripped the country since the May election.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election P
Property tycoon Srettha Thavisin will be put forward as PM candidate by Pheu Thai party – seen as a vehicle for the Shinawatra political clan – which announced reformist MFP’s exclusion from the group trying to form the next government.
The May 14 election will pit young against old, civilian democrats against authoritarian generals, reformers against royalists – with 4 million voting for the first time.