Thailand’s parliament to convene for the first time since May election – Thailand Business News

Thailand’s parliament will convene for the first time since the May election, marking the beginning of government formation by a coalition of pro-democracy parties.

But the military still holds significant power and it remains uncertain how much they are willing to cede.

Key Takeaways

• Thailand’s parliament is convening for the first time after the May election, marking a potential end to almost a decade of military-backed and pro-royalist rule.
• The appointment of a Speaker and subsequent prime minister election will determine the fate of the coalition government, with uncertainty surrounding the support of the military-appointed Senate.
• The political instability and government formation delay have negatively impacted Thailand’s economy, leading to a significant outflow of foreign funds and a decline in the stock market.
• The military-backed government in Thailand still holds…