The United States said on Tuesday (Mar 26) that it saw “positive signs” of a return to democracy in Thailand but urged a transparent probe of allegedly widespread irregularities.
The United States said it did not support any individual party but looked forward to working with whichever government emerges following Sunday’s election, the first since a 2014 coup.
We congratulate the Thai citizens who participated in the long-awaited election. The U.S. looks forward to working w/ #Thailand’s newly elected government
“The voting along with, we note, robust media coverage of the process and open debate of its merits, those are positive signs for a return to a democratic government that reflects the will of the people,” State Department spokesman Robert Palladino told reporters.
Defying poor pre-election polling, Palang Pracharat, the Thai army’s proxy party, performed well in this past weekend’s elections, the country’s first since 2011.
Palang Pracharat apparently captured the second-most constituency seats in the lower house of parliament. Along with allies in the senate, whose members were chosen by the armed forces, Palang Pracharat and coalition parties likely will be able to lead the country.
Thailand is the oldest US ally in Asia but Washington suspended some security assistance following the 2014 coup as required under a US law that prohibits support to regimes that overthrow democracies.
Read more at https://www.channelnewsasia.com/news/asia/us-sees–positive-signs–in-thai-election-11383312
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
How higher US bond yields will impact Asia Pacific bonds
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen, causing ripple effects across the world, including in APAC.
Following the rise in US bond yields in response to Joe Biden’s stimulus plan and amid higher inflation in some economies, Asia Pacific bond yields have risen significantly as well, especially in Southeast Asia, India, Hong Kong, and Australia. However, Northeast Asian bond yields have risen little.(more…)
Subscribe via Email
Thai Government Orders 20 Million Doses of Pfizer COVID-19 Vaccine
The ministry will have a month to negotiate with Pfizer, while the company must send documents to register the vaccine...
Vaccine shortage could derail Thailand’s economic recovery
As much of the Asia-Pacific region is gearing up for a 2022 reopening and recovery, Thailand is now lagging behind...
Thailand’s Consumer Confidence Hits new Record Low in May
The University of the Thai Chamber of Commerce (UTCC) has reported that Thailand's Consumer Confidence Index (CCI) for May fell...
The future of rail travel in Thailand
Hua Lamphong is, for many people, a beloved representation of rail travel in Thailand. However, there is a significant upgrade...
Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines
Thailand will push for COVID-19 vaccines to be removed from intellectual property protection lists, as per the Trade-Related Aspects of...