Thai poll winner Move Forward faces dilemma over support for tycoon Srettha’s PM bid

Move Forward Party, the astonishing winner in Thailand’s May election, is in a dilemma over whether to back or resist a previous ally’s candidate for prime minister after its own ruler was denied in his bids for the status. A fresh coalition that’s being created by Pheu Thai Party plans to nominate property tycoon Srettha Thavisin as its option for prime minister. Voting in opposition to Mr Srettha perils forcing Pheu Thai toward conservative adversaries and pro-royalist senators, who frustrated Move Forward’s attempts to create a government under their ruler Pita Limjaroenrat.

Move Forward’s lawmakers are measuring the mood along with its supporters – a lot of urban and young voters – to make decisions regarding its strategy. While Mr Pita has declared that the party is quite patient to decide, Mr Piyabutr Saengkanokkul, a co-founder of disbanded predecessor Future Forward Party, said Move Forward should crystal clearly talk about its resolution to be a part of the opponent and deny help for Pheu Thai’s coalition. “Move Forward will likely bring down so many of its supporters if they vote for a Pheu Thai premier candidate who will rule a reconciliation pact with conservatives,” said Mr Peter Mumford, South-east Asia practice head at consultancy Eurasia Group.

A policy paralysis has brought down investor faith in Thailand, which has been under rule of a caretaker government since March with none of the prominent powers. Political parties are currently under pressure to put a full stop to the post-election stalemate and deal with the financial predicaments like a weak economic recovery, high household debt and dwindling disposable income. Move Forward was the front runner to rule the government in the weeks after the May 14 election and now perils being lowered to the opponent, most of it because of its resentment to take a step back from a promise to correct regal insult laws and other platforms that may cause worry to pro-military business cream.

Pheu Thai has made a surpass for help and calls for bringing the political parties together, taking notice of the prominent benefits for the country.  Move Forward’s decision could possibly show the shape of Pheu Thai’s coalition as pro-military parties and senators have yet to back the alliance. Mr Srettha looks at the creation of a government at the nearest possible as a resolution to recent economic predicaments dealing with Thailand, and doesn’t deny a union with military-backed groups.