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☆ Thailand's Pita quits as leader of election-winning party after failed PM bid
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Move Forward Party leader Pita Limjaroenrat reacts during a rally to thank voters ahead of the vote for a new prime minister on July 13, in Bangkok, Thailand, July 9, 2023. REUTERS/Athit Perawongmetha Acquire Licensing RightsBANGKOK, Sept 15 (Reuters) - Thailand's Pita Limjaroenrat resigned on Friday as leader of the progressive Move Forward party, months after delivering a stunning electoral victory on an anti-establishment reform agenda that threatened to upend the political status quo. "I want to allow other lawmakers to take on this role of opposition leader," Pita said on Facebook. "But in any position, I will work with Move Forward and the people to the fullest of my abilities." The charismatic Pita had led pre-election opinion polls as Thailand's top choice for prime minister but faced a host of legal and legislative challenges that he maintains were orchestrated to keep him from power.

Persons: Pita Limjaroenrat, Athit, Pita, Chayut Setboonsarng, Martin Petty Organizations: Forward, REUTERS, Rights, Harvard, Facebook, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

☆ Thailand's new PM draws flak in parliament for 'aimless' economic agenda
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] Thailand's Prime Minister Srettha Thavisin delivers the policy statements of the Council of Ministers to the parliament, in Bangkok, Thailand, September 11, 2023. REUTERS/Athit Perawongmetha Acquire Licensing RightsBANGKOK, Sept 11 (Reuters) - Thai Prime Minister Srettha Thavisin came under fire in parliament on Monday over a new government policy agenda that opposition lawmakers called vague and short of some of his party's boldest election pledges. Srettha confirmed his agenda before parliament on Monday which included digital cash handouts, lowering energy prices and relaxing visa rules to boost tourism. The new administration adopts an economy that is expected to grow 2.8% this year, below a previous forecast of 3.6%. ($1 = 35.4500 baht)Reporting by Chayut Setboonsarng, Panarat Thepgumpanat and Panu Wongcha-um; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Srettha Thavisin, Athit, Srettha, Pheu, Sirikanya Tansakul, Party's Jurin Laksanawisit, Chayut Setboonsarng, Panarat, Panu, Martin Petty Organizations: Thailand's, Ministers, REUTERS, Rights, Thai, Pheu Thai Party, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Real

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 2 (Reuters) - Thailand’s King Maha Vajiralongkorn endorsed a new cabinet, including real estate tycoon Srettha Thavisin as the country’s new prime minister and finance minister, according to a Royal gazette published on Saturday, months after the May elections. Srettha's Pheu Thai party, backed by the billionaire Shinawatra family, will oversee defence, transport, commerce, health and the foreign ministry portfolios. The second-place Pheu Thai broke off an alliance with Move Forward and brought on rival parties aligned with army generals that ousted Shinawatra-linked parties in 2006 and 2014 coups. Thaksin and the Pheu Thai party say that is not the case. The new cabinet has Pheu Thai controlling ministries overseeing the economy ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Maha Vajiralongkorn, Srettha Thavisin, Srettha's, Thaksin Shinawatra, Thaksin, Bhumjaithai, Srettha, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

Reviving Thailand's economy will be one of the biggest tasks for political newcomer Srettha, who became prime minister last month following prolonged uncertainty after a May election. On the day of the vote, Pheu Thai figurehead Thaksin Shinawatra returned to Thailand in a dramatic homecoming after living abroad for 15 years in self-exile to avoid an 8-year prison sentence. Srettha's rapid ascent to power, Thaksin's smooth return and a coalition between Pheu Thai and former rivals fuelled speculation about an agreement between Thaksin and his foes among the country's powerful conservative and royalist army. Thaksin and the Pheu Thai party say that is not the case. The Pheu Thai will control key economic ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Srettha Thavisin, Srettha, King Maha Vajiralongkorn, Thaksin Shinawatra, Thaksin, Bhumjaithai, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

☆ Exclusive: Line Man Wongnai targets listing as early as 2025 -exec
▼ + stars: | 2023-09-01 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The logo of Thailand Stock exchange is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsTOKYO, Sept 1 (Reuters) - Thai food delivery startup Line Man Wongnai has begun appointing advisors to prepare for an initial public offering and is targeting a listing as soon as 2025, according to a senior executive at the Southeast Asian unicorn. Line Man Wongnai competes with Singapore-based Grab (GRAB.O), Foodpanda, and the food delivery business of Siam Commercial Bank. It was formed in 2020 from a merger of Line Man, the Thai food delivery business of Line, and restaurant aggregator Wongnai. "We are in a position to really help digitalise Thailand," said Chung, a former Goldman Sachs banker from South Korea who previously worked for Line, adding that the food delivery business is gaining market share.

Persons: Athit, Wongnai, Young Chung, Chung, Goldman Sachs, Sam Nussey, Yantoultra Ngui, Stephen Coates Organizations: Thailand Stock, REUTERS, Rights, Reuters, Siam Commercial Bank, Siam Cement, FoodStory, Thomson Locations: Bangkok, Thailand, United States, Asia, Singapore, Siam, South Korea

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, waves at Don Mueang airport in Bangkok, Thailand August 22, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 1 (Reuters) - Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. His return overshadowed a vote in parliament that installed political ally Srettha Thavisin of the Shinawatra-backed Pheu Thai party, as prime minister. "Thais should accept and not criticise this outcome because it could be considered a violation of royal power," he said. Thailand's strict royal insult law shields the monarchy from criticism, carrying a prison sentence of up to 15 years.

Persons: Thaksin Shinawatra, Athit, Thaksin Shinawatra's, Thaksin, Srettha Thavisin, Thaksin's, Winyat Chatmontri, King Maha Vajiralongkorn, Thais, Chayut Setboonsarng, Panarat, Panu, Kanupriya Kapoor Organizations: Thai, REUTERS, Rights, Reuters, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, waves at Don Mueang airport in Bangkok, Thailand August 22, 2023. Thaksin, Thailand's most famous politician, made a dramatic homecoming last week after 15 years abroad where he lived in self-exile to avoid prison. A representative of the 74-year-old Thaksin declined to comment when asked by Reuters about his pardon request. A request for royal pardon must be submitted through the corrections department to the justice minister. If a royal pardon is not granted, Thaksin will have to wait two years to submit another request.

Persons: Thaksin Shinawatra, Athit, Wissanu Krea, ngam, Thaksin, Thailand's, Srettha, Prayuth Cha, Wissanu, Chayut Setboonsarng, Panarat, Panu, Martin Petty, Kanupriya Kapoor Organizations: Thai, REUTERS, Rights, Reuters, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK

☆ Canadian union Unifor names Ford as bargaining target among Detroit Three
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Athit Perawongmetha Acquire Licensing RightsAug 29 (Reuters) - Canadian union Unifor on Tuesday announced Ford Motor (F.N) as its potential target for negotiations amid contract talks with the Detroit Three automakers. Unifor President Lana Payne noted that Ford's Windsor, Ontario engine plant, which her union represents, builds engine for some of the company's most profitable trucks. The UAW, which represents about 150,000 workers at the Detroit Three's U.S. factories, has not yet chosen one company to lead contract talks. UAW President Shawn Fain has said all the three companies - Ford, General Motors (GM.N) and Stellantis NV - need to conclude new contracts by a Sept. 14 deadline. Unifor, which represents 18,000 members at Ford, GM and Stellantis in Canada, had opened formal negotiations with the three companies on Aug. 10 in Toronto.

Persons: Athit, Ford, Lana Payne, Payne, Shawn Fain, Nathan Gomes, Joe White, Shivansh Tiwary, Maju Samuel Organizations: REUTERS, Tuesday, Detroit Three, United Auto Workers, UAW, Detroit, Ford, Detroit Three's, General Motors, Stellantis, GM, Thomson Locations: Bangkok, Thailand, Canada, Windsor , Ontario, Detroit Three's U.S, Toronto, Bengaluru, Detroit

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, gestures while flanked by his son Panthongtae Shinawatra and daughter Paetongtarn Shinawatra at Don Mueang airport in Bangkok, Thailand August 22, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Aug 29 (Reuters) - The daughter of Thailand's jailed former premier Thaksin Shinawatra on Tuesday said any move to seek a royal pardon for her father would be entirely "up to him" and such a process would take time. "Drafting (a pardon request) takes time and it is up to him to choose the time and process," Paetongtarn told reporters. The long-awaited return of Thaksin coincided with ally Srettha Thavisin being elected prime minister in a parliamentary vote that same day. An anti-Thaksin group has lodged a complaint at the corrections department seeking to block Thaksin from seeking a royal pardon, arguing corruption cases should not be entitled to clemency.

Persons: Thaksin Shinawatra, Panthongtae Shinawatra, Paetongtarn Shinawatra, Athit, Thailand's, Thaksin, Paetongtarn, poof, Srettha Thavisin, Pheu Thai, Chayut Setboonsarng, Martin Petty Organizations: Thai, REUTERS, Rights, Pheu Thai Party, Pheu, Thaksin, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK

Pheu Thai's Srettha Thavisin gestures at the party headquarters before a royal endorsement ceremony after Thailand's parliament voted in favour of his prime ministerial candidacy, in Bangkok, Thailand August 23, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Aug 25 (Reuters) - Thailand's new Prime Minister Srettha Thavisin visited the resort island of Phuket on Friday, a first official trip to underline plans to shore-up economic recovery by bolstering tourism, a key driver of growth. The state planning agency has since cut its growth projection to a 2.5% to 3.0% range from 2.7% to 3.7%. The government will then have to deliver policy objectives to a joint session of parliament before starting work, likely in late September. ($1 = 35.1100 baht)Reporting by Panu Wongcha-um and Panarat Thepgupmanat; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Pheu, Thailand's, Athit, Srettha Thavisin, Srettha, Chiang Mai, Panu, Martin Petty Organizations: REUTERS, Rights, Tourism, Thai Party, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Phuket, China, Phangnga

☆ Health of Thailand's billionaire ex-PM Thaksin still a concern, doctor says
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Aug 25 (Reuters) - Thailand's billionaire former premier Thaksin Shinawatra was still being treated in hospital on Friday and his condition remained a concern, a senior doctor said, three days after his historic return from self-exile. The Pheu Thai Party that Thaksin founded will lead the next government. Rumours have swirled that his return could be part of a secret agreement with his rivals, which he denies. Tul has asked for physicians from outside of the hospital to examine Thaksin also. "All the rooms at the police hospital have this view," said Soponrat, the doctor at the hospital.

Persons: Thaksin Shinawatra, Athit, Thaksin, Srettha Thavisin, Tul Sittisomwong, Tul, Chayut Setboonsarng, Martin Petty Organizations: Thai, REUTERS, Rights, Thai Party, Thaksin, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK, Dubai, Britain

☆ Thailand has a new leader but it's not the one people voted for. Here's why
▼ + stars: | 2023-08-23 | by ( Helen Regan | ) edition.cnn.com time to read: +10 min

Protesters walk through smoke after setting fire to mock corpses during a protest at Pheu Thai Party headquarters in Bangkok on August 2, 2023. It formed a coalition with other like-minded parties, including runners up Pheu Thai. Former Thai Prime Minister Thaksin Shinawatra flanked by his son Panthongtae Shinawatra and daughter Paetongtarn Shinawatra at Don Mueang airport in Bangkok, Thailand August 22, 2023. “I want to be a prime minister who can make the difference,” Srettha previously told CNN. But with an 11-member coalition that includes bitter rivals, it’s unclear whether Srettha and Pheu Thai will be able to govern effectively.

Persons: staved, Srettha Thavisin, Thaksin Shinawatra, Thaksin, Thais, Valeria Mongelli, Hans Lucas, lese, Pita Limjaroenrat, Pita, Pheu, Pheu Thai, Thaksin’s, Shinatwatra, ”, Thitinan Pongsudhirak, Panthongtae Shinawatra, Paetongtarn Shinawatra, Athit, ” Thitinan, Yingluck Shinawatra, “, Strettha, Thailand’s King Vajiralongkorn, Srettha, Prayut Chan Organizations: CNN, Party, Pheu Thai Party, Reuters, Pheu, Senate, Chulalongkorn University . Former Thai, Thaksin, Manchester City Football Club, Thai, Facebook, Thai Corrections Department, Procter & Gamble, Bangkok Post Locations: Thailand, Bangkok, Senate, Thai, Pheu Thai, Don Mueang

☆ Thailand's jailed ex-PM Thaksin hospitalised after return from exile
▼ + stars: | 2023-08-23 | by ( Panarat Thepgumpanat | ) www.reuters.com time to read: +3 min

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, pays his respects to a portrait of Thailand's King Maha Vajiralongkorn and Queen Suthida at Don Mueang airport in Bangkok, Thailand August 22, 2023. The latest condition of 74-year-old Thaksin, the billionaire founder of the populist juggernaut Pheu Thai, was not clear on Wednesday and his representatives did not immediately respond to a request from Reuters for comment. The Pheu Thai Party's Srettha was confirmed as prime minister having received royal endorsement, a parliament official said on Wednesday. Police said Thaksin was hospitalised because the prison was unable to guarantee he would get the right care. Thaksin and Pheu Thai have denied that.

Persons: Thaksin Shinawatra, Thailand's, Maha Vajiralongkorn, Suthida, Athit, Thaksin, Srettha, Pheu, Srettha Thavisin, General Prachuab Wongsuk, Ayuth Sintoppant, Panarat Thepgumpanat, Panu, Martin Petty, Michael Perry, Robert Birsel Organizations: Thai, REUTERS, Reuters, Corrections Department, Wednesday . Police, National Police, Supreme, Thomson Locations: Don Mueang, Bangkok, Thailand, BANGKOK

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.

Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore

Thailand's bicameral parliament has been deadlocked for weeks on forming a government, after the anti-establishment election winner Move Forward succumbed to conservative resistance in parliament, leaving second-placed Pheu Thai to take up the effort. Parliament will vote on Tuesday on the prime ministerial bid of Pheu Thai's Srettha Thavisin, a 60-year-old real estate mogul who was thrust into politics only a few months ago. "To move the Pheu Thai Party forward, to help the people, we are not lying to the people but we have to be realistic," he told a press conference. "Over the past nine years Pheu Thai was not in government, we didn't have power, it is clear people's living standards dropped." Pheu Thai’s bid to form a governmentPheu Thai said it would still forge ahead with changing the constitution to make it more democratic, but would steer clear of amending laws related to the powerful monarchy.

Persons: Srettha Thavisin, Athit, Thaksin, Srettha, Thaksin Shinawatra, Yingluck Shinawatra, Pheu, Panarat Thepgumpanat, Chayut, Panu, Martin Petty, Robert Birsel, Alison Williams Organizations: REUTERS, Ex, Pheu Thai Party, Pheu, Thai Party, Forward, Twitter, Thomson Locations: Bangkok, Thailand, BANGKOK

The former prime minister then left on a police truck, headed to the Supreme Court. The Thaksin-backed Pheu Thai party, which came second in the May election, will nominate its choice for the country’s next leader Tuesday: real estate mogul Srettha Thavisin. Former Thai Prime Minister Thaksin Shinawatra while flanked by his son Panthongtae Shinawatra and daughter Paetongtarn Shinawatra at Don Mueang airport in Bangkok, Thailand on August 22. Pheu Thai Party leader Cholnan Srikaew said in a statement Monday that the coalition would not include Move Forward Party, which won the most votes in the election. In 2006, Thaksin was ousted and, facing a potential prison sentence over corruption charges, went into self-imposed exile.

Persons: Thaksin Shinawatra, Thaksin, Thaksin’s, Yingluck Shinawatra, Paetongtarn, Srettha Thavisin, Palang Pracharath, Prayut Chan, Yingluck, Panthongtae Shinawatra, Paetongtarn Shinawatra, Athit, Thais, Cholnan Srikaew, –, ”, Thitinan Pongsudhirak, Prayut, “, “ We’ve, ” Thitinan Organizations: CNN, Manchester City Football Club, UN, Mueang International, Supreme, Thaksin, United Thai Nation Party, Thai, Thai Party, Party, National Institute of Development Administration, Reuters, Facebook, Institute of Security, Studies, Chulalongkorn University, Forward Party Locations: Thailand, New York, Singapore, Bangkok’s, Thai, Don Mueang, Bangkok

Thailand has been under a caretaker government since March and its new parliament has been deadlocked for weeks after anti-establishment election winners Move Forward were blocked by conservative lawmakers, leaving populist heavyweight Pheu Thai to lead a new effort. Srettha said on Monday Pheu Thai had failed to secure the outright majority it had targeted, so its only chance of governing was in partnership with some rivals it had vowed not to work with. Still, he seems determined and confident to follow through this time, however, with widespread speculation that Pheu Thai's alliance with its enemies is part of a behind-the-scenes deal Thaksin may have struck to allow his return. Pheu Thai has denied Thaksin's involvement in its bid to form a government and the former leader has for months denied conspiring with the generals who led coups against him and sister Yingluck Shinawatra in 2006 and 2014. "Tomorrow, at 9 a.m., I want permission to come back to live on Thai soil and breathe the air with other Thai people," Thaksin said on social media platform X, formerly Twitter.

Persons: Srettha Thavisin, Athit, Pheu, Thaksin, Thaksin Shinawatra, Srettha, Thai, upstarts, Yingluck Shinawatra, Martin Petty, Mark Heinrich Our Organizations: REUTERS, Ex, Thai Party, English Premier League football, Thaksin, Thomson Locations: Bangkok, Thailand, BANGKOK

☆ Thailand: Visit of King's estranged sons comes at a delicate time for monarchy
▼ + stars: | 2023-08-20 | by ( Helen Regan | ) edition.cnn.com time to read: +12 min

Vacharaesorn Vivacharawongse is blessed by a Buddhist monk during a religious ceremony at Wat Yannawa temple in Bangkok, Thailand, on August 10. Vacharaesorn Vivacharawongse visits the Foundation for Slum Child Care supported by the Royal Family, in Bangkok on August 8. Of the two sons, analysts say Vacharaesorn could be the one to watch for any future role within the royal family. Vacharaesorn Vivacharawongse prays during a religious ceremony at Wat Yannawa temple in Bangkok, Thailand, August 10. The places they visited were significant, nothing too official but enough to exhibit their connections to the country and royal family, analysts say.

Persons: Thailand’s, Maha Vajiralongkorn, Vacharaesorn Vivacharawongse, Vacharaesorn, Chakriwat Vivacharawongse, King, ” Vacharaesorn, Bangkok’s Suvarnabhumi, Athit Perawongmetha, Pavin Chachavalpongpun, Thais, King Bhumibol Adulyadej, –, Bajrakitiyabha, Vajiralongkorn, Yuvadhida Polpraserth, Vivacharawongse, Princess Sirivannavari, Queen, ”, Paul Handley, “, Never, King Vajiralongkorn, ’, Thitinan Pongsudhirak, Handley, Chakriwat, Prince Mahidol –, Pavin Organizations: CNN, Reuters, Kyoto University’s Center, Southeast Asian Studies, Foundation for Slum Child, King’s Guard, Thai Crown, Elections, Thai, Chulalongkorn University, “, New, ” CNN, Center, BTS, Siriraj Hospital Locations: Bangkok, United States, United Kingdom, New York, Thailand, Bangkok’s, Wat Yannawa, Thai, Hong Kong

☆ Thai court to decide on election winners' challenge to derailed PM bid
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Move Forward Party Leader Pita Limjaroenrat looks on at a voting session for a new prime minister at the parliament, in Bangkok, Thailand, July 13, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Aug 16 (Reuters) - Thailand's Constitutional Court was due on Wednesday to decide whether to review a parliamentary decision that blocked a second prime ministerial bid by election winners Move Forward, a move that could end or prolong weeks of political deadlock. If it declines to review the decision, parliament could schedule a vote within days on the prime ministerial candidacy of businessman and political neophyte Srettha Thavisin, of the second-place Pheu Thai Party. House speaker Wan Muhamad Noor Matha has previously said a vote could be held as early as this Friday or Aug. 22. Move Forward on Tuesday declined to back former alliance partner Pheu Thai, arguing its government would not reflect the will of the people.

Persons: Pita Limjaroenrat, Athit, Pita, Wan Muhamad, Matha, Pheu, Chayut Setboonsarng, Martin Petty Organizations: REUTERS, Rights, Thai Party, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

Bangkok, Thailand CNN —Two estranged sons of Thailand’s King Maha Vajiralongkorn said Monday they hoped to return to the country soon after an unexpected visit that has fueled speculation among many in the kingdom. Since I have returned to Thailand this time, I have received warmth from everyone I met. Their return sparked interest among many in the kingdom and drove speculation that the sons may officially be welcomed back into the royal family, after almost three decades of estrangement. Vacharaesorn Vivacharawongse visits the Foundation for Slum Child Care supported by the Royal Family, in Bangkok on August 8. Their sister Princess Sirivannavari was later welcomed back to Thailand following their estrangement and is a fashion designer and equestrian.

Persons: Thailand CNN —, Thailand’s, Maha Vajiralongkorn, “, ”, Vacharaesorn Vivacharawongse, ” Vacharaesorn, Thais, Chakriwat Vivacharawongse, Prince Mahidol –, Athit Perawongmetha, Chakriwat, –, King Vajiralongkorn, Vajiralongkorn, Yuvadhida Polpraserth, Sirivannavari, King, Bajrakitiyabha, King Bhumibol Adulyadej, Srirasmi, Queen Suthida Organizations: Thailand CNN, Bangkok’s Suvarnabhumi, Siriraj Hospital, Foundation for Slum Child, Reuters, CNN, Yuvadhida, King’s Royal Guard Command Locations: Bangkok, Thailand, Bangkok’s, United States

☆ Honda posts 78% jump in Q1 operating profit
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Honda logo is displayed at the 44th Bangkok International Motor Show in Bangkok, Thailand, March 23, 2023. REUTERS/Athit Perawongmetha/File PhotoCompanies Honda Motor Co Ltd FollowTOKYO, Aug 9 (Reuters) - Japan's Honda Motor (7267.T) reported a 78% rise in quarterly profit on Wednesday, boosted by both increased sales, especially in the North American market, and a weaker yen. Japan's second-biggest automaker by sales said operating profit totalled 394.4 billion yen ($2.76 billion) in the three months through June, handily beating the average 324.74 billion yen estimate in a poll of 10 analysts by Refinitiv. That compared with a 222.2 billion yen profit in the same period last year. Honda maintained its forecast for a 1.0 trillion yen operating profit for the current year, lower than the 1.117 trillion yen average forecast from 22 analysts.

Persons: Athit, Japan's, Daniel Leussink, David Dolan, Chang, Ran Kim Organizations: REUTERS, Honda Motor, Honda, Refinitiv, Thomson Locations: Bangkok, Thailand, American

Bhumjaithai Party leader Anutin Charnvirakul and Pheu Thai Party leader Chonlanan Srikaew greet each other after a press conference about forming an alliance between Pheu Thai and Bhumjaithai party, in Bangkok, Thailand, August 7, 2023. Pheu Thai and its businesses allies could face similar resistance. Despite abandoning Move Forward, Pheu Thai is lobbying for the backing of its 150 lawmakers in a prime ministerial vote expected later this month. Move Forward leader Pita Limjaroenrat said no decision had been made on whether to vote for a Pheu Thai government. "The path to government for Pheu Thai is now more about Thaksin than the people."

Persons: Anutin Charnvirakul, Chonlanan Srikaew, Athit, Cholnan Srikaew, Thai's Paetongtarn Shinawatra, Pita Limjaroenrat, Veerapat, Thaksin Shinawatra, Thai, Titipol Phakdeewanich, Panarat Thepgumpanat, Chayut, Panu, Martin Petty, Nick Macfie Organizations: Bhumjaithai, Pheu Thai Party, Pheu, REUTERS, Senate, Ubon Ratchathani University, Thomson Locations: Bangkok, Thailand, BANGKOK, Ubon

Bangkok, Thailand CNN —The estranged second oldest son of Thailand’s King Maha Vajiralongkorn has made an unexpected visit to the country, his first in almost three decades, in a return that surprised many in the kingdom. “I am delighted to return to Thailand, I have been warmly welcomed. I have been away for a long time, 27 years,” Vacharaesorn told reporters at the Foundation for Slum Child Care. Vacharaesorn is the second of four sons of King Vajiralongkorn, 71, and his second wife, Yuvadhida Polpraserth, who he married in 1994 and later divorced. Vacharaesorn, his mother and siblings were estranged after the separation and he does not hold a formal royal title.

Persons: Thailand CNN —, Thailand’s, Maha Vajiralongkorn, Vacharaesorn Vivacharawongse, “, ” Vacharaesorn, King Vajiralongkorn, Yuvadhida Polpraserth, Vacharaesorn, Bajrakitiyabha, Athit Perawongmetha, Vajiralongkorn, King Bhumibol Adulyadej, Srirasmi, Queen Suthida, –, Vacharaesorn’s, Sirivannavari, King Organizations: Thailand CNN, Foundation for Slum, Reuters, Yuvadhida, King’s Royal Guard Command, CNN Locations: Bangkok, Thailand, United States, tuk, Bangkok’s

[1/6] Vacharaesorn Vivacharawongse, 42, the second-eldest son of Thailand's King Maha Vajiralongkorn arrives at the Foundation for Slum Child Care supported by the Royal Family, in Bangkok, Thailand, August 8, 2023. The trip by Vacharaesorn Vivacharawongse, 42, comes at a fraught time for the Thai royal family, with the monarch's eldest daughter in a coma since December. To me he is still a member of the royal family," said Angsana Seeprasit, 66. Vacharaesorn's younger sister was later re-embraced by the royal family and given the royal title Princess Sirivannavari Nariratana. The thrice-divorced King Vajiralongkorn has seven children.

Persons: Vivacharawongse, Thailand's, Maha Vajiralongkorn, Vacharaesorn Vivacharawongse, Vacharaesorn, King Bhumibol Adulyadej, Thais, Vacharaesorn's, SonOfTenReturnToThailand, King Rama X, Angsana Seeprasit, King Vajiralongkorn's, Sujarinee, Sirivannavari Nariratana, King Vajiralongkorn, Queen Suthida, Bajrakitiyabha Narendira, Kay Johnson, Robert Birsel Organizations: Foundation for Slum Child, REUTERS, Foundation for Slum, Household, Twitter, Thomson Locations: Bangkok, Thailand, BANGKOK, New York

☆ Citigroup's Asia family office clients poised to grow 25% in 2023
▼ + stars: | 2023-08-04 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

REUTERS/Athit Perawongmetha/File PhotoHONG KONG, Aug 4 (Reuters) - Citigroup's (C.N) Asia family office business expects a 25% increase in clients this year, the U.S. bank's regional head of its family office advisory business said, as Singapore and Hong Kong vie to attract more wealth. Global banks have been beefing up family office arms in Asia, as demand continues to surge among rich Asians wanting to set up private investment vehicles and plan for business succession. Citi in 2020 turned its Asia family office service into a full-fledged unit combining advisory, family governance, legacy planning, philanthropy, investment and deal-making capabilities for ultra-wealthy clients. "We have seen great interest from China, Hong Kong, the Philippines, India, and Indonesia in settling their family offices here (Hong Kong)," Ong said, adding there was also growing interest from Middle Eastern clients. There is scale and Singapore is becoming more discerning about the type of family offices it wants to attract," Ong said.

Persons: Athit, HONG KONG, Faye Ong, Ong, Faye, Xie Yu, Sumeet Chatterjee, Jamie Freed Organizations: Citi, REUTERS, Reuters, Global, Accenture, Thomson Locations: Bangkok, Thailand, HONG, Asia, U.S, Singapore, Hong Kong, China , Hong Kong, Philippines, India, Indonesia, Hong

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