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Srettha Thavisin, Thailand's prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. 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. watch nowThe prime minister also pledged to relieve the country's debt problems. "PM Srettha will slowly implement Pheu Thai's populist economic policies as he has to meet public expectations," said Dusadeeisariyakul. Other experts warned against overthinking the fiscal damage since many of Pheu Thai's populist pledges may not materialize.
Persons: Srettha, Valeria Mongelli, Srettha Thavisin, Pheu, Thaksin Shinawatra, Thaksin's, Pimrapaat Dusadeeisariyakul, Friedrich Naumann, Thaksin, Stratfor, Fitch, Teerasak Siripant Organizations: Thai, Bloomberg, Getty, Pracharat Party, United Thai Nation Party, Bhumjathai Party, Friedrich, Friedrich Naumann Foundation, Fitch, Bower Group Locations: Bangkok, Thailand, Thai
Malaysia's closely watched state elections were a "setback" for the ruling coalition government, according to a political analyst from a risk consultancy. The polls were held in six states on Saturday, and ended in a split result between the ruling and opposition coalitions, with each side retaining control of three states. Still, the conservative opposition coalition was able to make significant inroads gaining popularity among voters. The contest was widely seen as a first test for Prime Minister Anwar Ibrahim's coalition and unity government that came to power in November. "But what we saw over the weekend is the same thing that happened last November, where the coalition failed to win crucial Malay votes — it happened again."
Persons: Malaysia's, Anwar Ibrahim's, they've, CNBC's Organizations: Group Locations: Malaysia
[1/5] The supporters of The National Front coalition, Barisan Nasional, shout slogans outside a nomination centre on nomination day in Bera, Pahang, Malaysia November 5, 2022. REUTERS/Lai Seng SinKUALA LUMPUR, Nov 5 (Reuters) - Malaysian political leaders began their election campaigning on Saturday for what is set to be a close race, with incumbent Prime Minister Ismail Sabri facing off with veterans Anwar Ibrahim and Muhyiddin Yassin. The election comes as the Malaysian economy is expected to ease due to a global slowdown, impeding a recovery from a pandemic-induced slump. Inflation is also rising, with the Malaysian central bank increasing interest rates this week for the fourth straight time. The leaders are not working together in this election.
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