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Thailand’s Somkid Jatusripitak and Economic Team Resign

new economic team thailand

Thailand’s Deputy Prime Minister Somkid Jatusripitak and his economic team have tendered their resignations as of Wednesday. Their resignations come after mounting pressure from the Palang Pracharath Party (PPRP)

The three ministers are Finance Minister Uttama Savanayana; Energy Minister Sontirat Sontijirawong and Minister of Higher Education; Science, Research and Innovation Suvit Maesincee.

Kobsak Pootrakul, deputy secretary-general of the prime minister and also in Mr Somkid’s team, also resigned.

All four have been part of the economic team led by Deputy Prime Minister Somkid. They also recently resigned from the ruling Palang Pracharath Party (PPRP).

A source in the government said Mr. Somkid informed Prime Minister Prayut Chan-o-cha of his resignation on Wednesday. A press conference will be called today on the re­signations,” Mr Uttama said.

One of the most immediate issues is how soon a new competent team will replace them.

Prime Minister Prayut’s New Finance Team

The resignations came after Preedee Daochai, chairman of the Thai Bankers’ Association, reportedly played golf recently with Distat Hotrakitya, the PM’s Secretary-General.

Mr Preedee was reportedly made an offer to join the government as the head of its new economic team. According to the Bangkok Post he previously rejected the offer.

Mr Somkid and his team were told by several political factions in the PPRP to resign. Because their colleagues wanted their ministerial seats to be shared.

Those factions also recently installed Deputy Prime Minister Prawit Wongsuwon as the new party leader. He replaced Finance Minister Uttama Savanayana

It was also reported recently that Mr Somkid and his team planned to set up a new political group.

Reports of Mr Somkid’s resignation sparked immediate concern in business circles. Especially over the shape of the government’s next economic team against the backdrop of an economy badly damaged by the Covid-19.

“The government cannot afford any delays in replacing the economic team. The private sector is worried about the future of economic stimulus projects initiated by the Somkid team,” Kalin Sarasin, chairman of the Thai Chamber of Commerce said.

No room for the government to disappoint

All these projects required sharp decisions and sophistication in implementation, said Mr Kalin. Qualities possessed by Mr Somkid, a pillar of the government’s economic team. Somkid Jatusripitak is a Thai economist, business theorist and has been a pillar to the Thai business community.

Mr. Kalin said all eyes were now on the prospective leader and members of the new team. Meaning there was no room for the government to disappoint the public. Above all with names that were any less respected or trusted.

The new economic team must impress from the outset. Furthermore it must gain trust and confidence among not only the people and businesses in the country. Even more foreign business people and investors alike, he said.

Kriangkrai Tiannukul, vice chairman of the Federation of Thai Industries (FTI) said the FTI agreed with the ministers’ resignations because the path was now clear to resolve political conflicts and create a positive mood in the nation.

The FTI believed the manner of the ministers’ departure would put an end to the negative image of Thailand being a country beset by political rifts. Furthermoe this would create renewed confidence among investors.

Choose a new economic team

However, the FTI does have a concern the new economic team will not continue the economic policies. Those put in place by those who have departed. Mr Kriangkrai said Thailand needed the best people and economic policies. Even more policies that will drive the economy forward despite the pandemic.

“If the premier [hopes to] choose a new economic team that is also accepted by Thai people, it should be made up of economic experts,” he said.

Thongyoo Kongkhan, adviser chairman of the Land Transport Federation of Thailand, also felt the ministers’ resignations would be beneficial.Because Thailand needed new teams to push the economy forward.

Preeyanart Soontornwata, president of B.Grimm Power Plc, said she had no fears about the energy minister’s resignation. Also because plans for natural gas have been in place for several years.

Source: Bangkok Post

Thailand Politics

Thai Prime Minister’s Popularity Declines as Move Forward Party dominates

Thai Prime Minister's Popularity Declines as Move Forward Party dominates

(CTN News) – Prime Minister Srettha Thavisin continues to make local and international visits to try to solve problems and promote Thailand, but he has failed to impress most voters, according to a Nida poll. The poll also revealed the declining popularity of Pheu Thai Party leader Paetongtarn Shinawatra and the rise of the Move Forward Party.

According to a poll released on Sunday, only 12.85% of people supported the prime minister, down from 17.75% in the previous survey. The daughter of convicted former Prime Minister Thaksin, currently on parole, saw her popularity drop from 6% to 4.85%.

The National Institute of Development Administration conducts a quarterly survey of the public’s preferred political leaders. The last survey was released at the end of March.

According to the survey, supporters of the prime minister described Mr Srettha as a resolute decision-maker determined to address their problems. Ms Paetongtarn was complimented for her vision, leadership, knowledge, and grasp of the country’s difficulties.

This weekend, the prime minister will be in the northeast region listening to citizens’ concerns. The journey occurred only a few days after he had visited northern provinces earlier in the week.

Despite criticism, he has reduced his abroad trips, citing the need to showcase Thailand to investors and traders.

Pita Limjaroenrat, the chief advisor of the Move Forward Party, remained the top candidate for prime minister with 45.50% of the vote, up slightly from 42.75% in the previous quarter’s poll.

Pirapan Salirathavibhaga was the huge winner. The leader of the United Thai National Party saw his popularity nearly quadruple from 3.55% to 6.85%.

The sampled voters stated they appreciated Mr Pita’s political beliefs and thought he had broad knowledge. They praised Mr Pirapan’s credibility, claiming he was clean and honest.

Two other probable prime minister candidates were Khunying Sudarat Keyuraphan of the Thai Sang Thai Party and Anutin Chanvirakul, leader of Bhumjaithai. However, they were less popular than others.

About 20% of voters still did not believe any candidate was qualified to lead the country, which is the same percentage as in the last survey.

Move Forward Party was the most popular party with 49.20%, up slightly from three months ago, while Pheu Thai fell around five percentage points to 16.85% from 22.10%.

The poll, issued on Sunday, surveyed 2,000 ineligible voters between June 14 and June 18.

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Move Forward Party MP Jirat Thongsuwan Appeals Suspended Jail Sentence for Defamation

Move Forward Party MP Jirat Thongsuwan Appeals Suspended Jail Sentence for Defamation

(CTN News) – Jirat Thongsuwan, a Move Forward Party MP, says he would appeal his one-year suspended jail sentence for defaming a former senior defense ministry official concerning the state’s procurement of bogus bomb detectors.

The Criminal Court also fined Mr Jirat 100,000 baht for falsely accusing ACM Tharet Punsri, a former Air Force chief-of-staff who later became the ministry’s deputy permanent secretary, of being the chairman and shareholder of a company that supplied the military with the infamous GT200 bomb detectors.

The Chachoengsao MP claimed a July 20, 2022, no-confidence vote against cabinet ministers in Gen Prayut Chan-o-cha’s government. ACM Tharet was not a cabinet member.

Jirat Thongsuwan also identified ACM Tharet as a key figure in the 2006 coup headed by then-army chief Gen Sonthi Boonyaratkalin, which overthrew Thaksin Shinawatra.

ACM Tharet told the court that Jirat Thongsuwan’s charges were false and harmed his reputation. He denied involvement with the bomb detection company and said he was not the company’s senior chairman or shareholder.

In addition to the suspended jail term and fine, the court ordered Jirat Thongsuwan to pay $ 500,000 baht in damages to ACM Tharet and publish an apology in three newspapers for five days.

Jirat Thongsuwan later announced on his X account that he had challenged the verdict with the hashtag “An injustice is infuriating”.

The MP has also been accused of dodging required military conscription. He admitted to the accusation on May 8.

A British business promoted the GT200 as a “remote substance detector” and sold it in several countries. Between 2004 and 2009, fourteen Thai government organizations, most of which were military, were projected to spend 1.4 billion baht on the units.

Concerns about the GT200 and related gadgets arose after the National Science and Technology Development Agency discovered they lacked electronic components.

The devices were later revealed to be “divining rods”.

 

 

 

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Thaksin Shinawatra Files 100 Million Baht Defamation Lawsuit Against Warong Dechgitvigrom

Thaksin Shinawatra Files 100 Million Baht Defamation Lawsuit Against Warong Dechgitvigrom

(CTN News) – Thaksin Shinawatra, the former prime minister, has launched a defamation action against Warong Dechgitvigrom, the head of the Thai Pakdee Party, accusing him of paying a bribe to be released on bail in a lese majeste case.

Thaksin’s attorney, Winyat Chartmontree, filed a lawsuit against Warong, seeking 100 million baht in damages.

Warong, a long-time Thaksin Shinawatra critic, gave a public statement and posted on social media, saying that 2 billion baht was paid to judicial officials in exchange for release on bail in the lese majeste case.

Thaksin Shinawatra Granted Release on 500,000 Baht Bond

Thaksin was granted release on a 500,000 baht bond last week and told not to leave the country without court authorization after pleading innocent to charges of defaming King Rama IX in a 2015 interview with South Korean media.

Winyat stated that, while Warong did not identify Thaksin Shinawatra by name in his speech or post, he did include a hashtag with Thaksin’s name as well as the date Thaksin must appear in court, allowing readers to connect Thaksin to the allegations.

Winyat further stated that he was investigating the fact that Warong mentioned the specific aircraft and automobiles utilized by Thaksin Shinawatra to violate the Personal Data Protection Act.

“I have requested Mr Warong to provide proof as to where he received the data. “If it turns out that it came from state officials, there will be legal consequences,” he warned.

The Criminal Court has scheduled the case’s preliminary hearing for September 30.

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