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Thai Party Backed by Thaksin to Unveil New Coalition Without Move Forward
Srettha Thavisin, a property tycoon seeking to become Thailand’s next prime minister, is set to unveil a new coalition on Thursday in an attempt to break a political stalemate keeping investors on edge since the May elections.
His Pheu Thai Party, linked to former premier Thaksin Shinawatra, has parted ways with first-placed Move Forward as it looks to secure Srettha’s win in a joint sitting of parliament tentatively scheduled for Aug. 4. It needs the support of the majority of 750 lawmakers, including those in the military-appointed Senate.
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