Thailand elects property tycoon as PM in 3rd vote.docx

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1、By YANG WANLI in Bangkok China Daily Global Updated: 2023-08-23 09:41ThailandelectspropertytycoonasPMin3rdvotef*in+PheuThaiPartysSretthaThavisin(C),approvedbyThailawmakerstobecomethekingdom,s30thprimeminister,greetssupportersatthepartyheadquartersaftertheparliamentsprimeministerialvoteinBangkokonAug

2、ust22,2023.Photo/AgenciesThailandsthirdvoteforitsnextprimeministeronTuesdayresultedinrealestatetycoonSretthaThavisinbeingelectedasthecountrys30thleaderandalsoThailandsfirstprimeministerinnearlyadecadewhodoesnothaveamilitarybackground.SretthaistheformerchiefexecutiveofpropertydeveloperSansiri,afamous

3、Thaienterprisethatcurrentlyhasavalueofabout$880millionontheThaistockmarket.SretthawastheonlycandidateforTuesdaysvoteandisamemberofthePheuThaiparty.ThoughthepartycameinsecondintheMay14generalelection,ittookovertheformationofagovernmentaftertheleadingMoveForwardPartyfailedtogainenoughsupportfromsenato

4、rs.PheuThai,whichhasacoalitionwith10otherparties,revealeditsallocationofcabinetseatsonMonday.Basedontheallocation,PheuThaiwillgeteightministers,ninedeputyministersandtheprimeministersofficeministerposts.ArecentsurveybytheNationalInstituteofDevelopmentAdministrationshowedthatthepubliclargelydisagreed

5、withPheuThaisdecisiontoformagovernmentwithitsrivals,leadingtotheresignationofitspartyleader.Nearlyhalfofmorethan1,300respondentssaidtheydisagreedwiththepartyspushtoincludethemilitary-affiliatedPalangPracharathandUnitedThaiNationpartiesinitscoalition.Nomatterwhat,thosehardcorebelieversofPheuThaiwills

6、tillmaintaintheirfaithtothepartyregardlessofitsnextmove,SuthiphandChirathivat,emeritusprofessorofeconomicsandexecutivedirectoroftheASEANStudiesCenteratChulalongkomUniversity,said.ButforthoseMFPsupporterswhofeelunhappyaboutthe,betraya,theymayvoicetheirdispleasureinsomeways.”StimulusstepsexpectedAsthe

7、formationofthenewgovernmenthasalreadytakensomemonths,stockmarketanalystsexpectthenewprimeministertotakeofficeassoonaspossible,soastobooststocksandenactotherstimulusmeasuresforthecountry,sbusinesssectors.Ifthegovernmentformationrunssmoothly,itshouldrelieveconcernsoverthepoliticalvacuumand2024budget,h

8、avingapositivesentimentontheStockExchangeofThailandindex,AsiaPlusSecuritiessaidinarecentresearchnote.HoursbeforethethirdvoteonTuesdayafternoon,formerThaiprimeministerThaksinShinawatrareturnedtothecountryafter15yearsofself-imposedexile,makingabriefappearanceatDonMueangairportinBangkok.HewastakentotheSupremeCourtuponarrivalandwasorderedtoserveeightyearsforthreeconvictionspassedinhisabsence,relatingtohisformerShinCorpcompany,abankloanandalotterycase.Thousandsofhissupportersandkeypoliticalfigures,mostlyfromPheuThai,welcomedhimattheairport.yangwanli