Srettha Thavisin, Thailand’s prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023.
Valeria Mongelli | Bloomberg | Getty Images
Srettha, Pheu Thai’s choice for leader, was appointed prime minister on Aug. 22 — the same day that former prime minister and Pheu Thai founder Thaksin Shinawatra returned to Thailand after 15 years of self-exile. Thaksin’s return is likely part of a power-sharing deal that Pheu Thai negotiated with the military establishment, according to political watchers, who believe he will eventually receive a royal pardon under Srettha’s administration.
This political turbulence has been reflected in the stock market, where foreign investors have been net sellers since the May election. August marked the seventh consecutive month for net selling but sentiment is slowly ticking up amid hopes for Thaksin’s return and Srettha’s…
