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LONDON, Aug 2 (Reuters) - A partial pardon by Myanmar's ruling military of jailed former leader Aung San Suu Kyi means "absolutely nothing", her younger son said on Wednesday, calling on Western governments to do more to step up pressure on the junta. Myanmar has been in turmoil since early 2021, when the military overthrew Suu Kyi's elected government and cracked down on opponents of military rule, with thousands jailed or killed. Suu Kyi had won a 2015 election, held as part of tentative military reforms, and her party won again in 2020, before the military complained of election fraud. Kim Aris, the son of Myanmar’s detained former leader Aung San Suu Kyi, poses for a portrait at the Reuters office in London, Britain, August 2, 2023. "But I do not see that this will actually result in any dialogue," he said of Suu Kyi's partial pardon.
Persons: Myanmar's, Aung San Suu, Kim Aris, Suu Kyi's, Suu Kyi, Michael Aris, Myanmar’s, Aung San, Aung San Suu Kyi, Dylan Martinez, I've, Aung, Suu, Sachin Ravikumar, Nick Macfie Organizations: Reuters, Aris, REUTERS, National Unity Government, Thomson Locations: British, London, Myanmar, Aung San Suu, Britain, Aung San, U.S
[1/3] Mobility in Harmony (MIH) Chief Executive Officer Jack Cheng speaks at an interview with Reuters at the headquarters of Foxconn's EV platform unit in Taipei, Taiwan July 27, 2023. India and Thailand are likely contenders for production sites, he said, adding that he expected India to be crucial to MIH's longer-term growth. "I'm building another Shanghai, probably in India," Cheng said. "If this is a Foxconn plant, fantastic, it's the mother company, we put it into the Foxconn plant. If this is a local India plant and it's even more competitive, give it to the India plant."
Persons: Jack Cheng, Ann Wang, MIH, Cheng, Foxconn, Sarah Wu, Kevin Krolicki, Jamie Freed Organizations: Reuters, Foxconn's, REUTERS, EV, PTT, NIO, HK, Foxconn, Thomson Locations: Taipei, Taiwan, TAIPEI, India, Thailand, Southeast Asia, EVs, China, Shanghai
A farmer harvests rice by a paddy field outside Hanoi, Vietnam June 10, 2019. Exporters are rushing to cover rice supplies from farmers who have raised prices following a surge in the world market, putting millions of dollars worth of deals at risk. 2 and 3 exporters respectively, are estimated to ship more than one million metric tons of rice in August. While large exporting houses are likely to fulfil contracts, smaller trading companies are expected to default on shipments, traders said. Importers, including the Philippines, are likely to seek direct deals with governments of exporting countries to ensure critical food supplies.
Persons: Rice, Naveen Thukral, Khanh Vu, David Evans Organizations: REUTERS, Reuters, Rice, Thomson Locations: Hanoi, Vietnam, Thailand, SINGAPORE, India, Asia, Africa, Singapore, Ho Chi Minh City, Philippines
Aug 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A double dose of the U.S. Treasuries and dollar 'pain trade' looks set to put Asian markets on the defensive on Wednesday, with investors also bracing for South Korean inflation figures and an expected interest rate hike from the Bank of Thailand. Several indicators, from big Wall Street banks' client surveys to futures market positioning data, show investors are not positioned for that. The yen has fallen nearly 4% since the BOJ tweaked its seven-year 'yield curve control' policy on Friday. Annual inflation in South Korea, meanwhile, is expected to have slowed to 2.40% in July from 2.70% the month before.
Persons: Jamie McGeever, Tuesday's, Deepa Babington Organizations: Bank of Thailand, Bank of, Apple, South, South Korea CPI, PMI, Thomson, Reuters Locations: Asia, Pacific, U.S, South Korea, Thailand, Singapore
Thai protesters show support for Pita after PM bid blocked
  + stars: | 2023-07-23 | by ( ) www.reuters.com   time to read: +2 min
BANGKOK, July 23 (Reuters) - Hundreds of pro-deomcracy protesters in Thailand gathered on Sunday in a show of support for Pita Limjaroenrat, the leader of the Move Forward party, after conservative opponents thwarted his latest attempt to become prime minister. Parliament has twice blocked the Harvard-educated Pita, 42, from becoming prime minister - once last Wednesday and previously the week before - which his supporters say was due to unfair rules. Move Forward's policies put it on collision course with Thailand's nexus of royalist military, old money elites and conservative forces. Move Forward's eight-party coalition includes the populist Pheu Thai party and controls a majority in the 500-member lower house. Another vote on the premiership is scheduled for Thursday when Move Forward coalition ally Pheu Thai will propose a candidate who is largely expected to be political newcomer real estate tycoon Srettha Thavisin.
Persons: Pita Limjaroenrat, Pita, Pheu, Srettha Thavisin, Chayut, Barbara Lewis Organizations: Harvard, Thomson Locations: BANGKOK, Thailand, Bangkok, Thai
BANGKOK, July 21 (Reuters) - Thailand's election-winning Move Forward party said it would let coalition ally, the Pheu Thai party, lead the formation of government, a senior Move Forward official said on Friday. Party secretary Chaithawat Tulathon told a news conference Move Forward would support second-place finisher Pheu Thai's prime ministerial candidate in a parliamentary vote on July 27. Reporting by Chayut Setboonsarng; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Chaithawat Tulathon, Pheu, Chayut Setboonsarng, Martin Petty Organizations: Thomson Locations: BANGKOK, Thai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThai Parliament's rejection of Pita's prime minister nomination is somewhat new, says advisory firmTeerasak Siripant of BowerGroupAsia discusses Move Forward Party leader's Pita Limjaroenrat derailed prime ministerial bid and the shortcomings of Thailand's electoral system.
Persons: Teerasak, BowerGroupAsia, Pita Limjaroenrat
[1/2] People walk outside the parliament, after Thailand's constitution court ordered the temporary suspension of the Move Forward Party's leader Pita Limjaroenrat from the parliament, in Bangkok, Thailand, July 19, 2023. REUTERS/Chalinee ThirasupaBANGKOK, July 20 (Reuters) - Thailand's parliament will hold another vote for a prime minister next week which cannot include the leader of election winners Move Forward, a deputy speaker said on Thursday, after rivals derailed his bid by blocking his re-nomination. "A candidate can only be nominated once in each parliamentary session," Deputy House Speaker Pichet Chuamuangphan told Reuters on Thursday. It is widely expected that real estate tycoon and political newcomer Srettha Thavisin from Move Forward's alliance partner Pheu Thai will be nominated for premier for the July 27 vote. "The eight parties are together, if there is a resolution for Pheu Thai to lead, then the party has to choose who to nominate," Srettha told reporters.
Persons: Pita Limjaroenrat, Parliament's, Pichet Chuamuangphan, Pita, Srettha, Pheu, Jetn Sirathranont, Thitinan, manoeuvred, Panarat Thepgumpanat, Chayut, Orathai, Panu, Kanupriya Kapoor, Martin Petty Organizations: REUTERS, Reuters, Constitutional, Senate, Chulalongkorn University, Thomson Locations: Bangkok, Thailand, BANGKOK
Thailand's Pita hits hurdles as rivals seek to scuttle PM bid
  + stars: | 2023-07-19 | by ( ) www.cnbc.com   time to read: +2 min
The leader of Thailand's election-winning Move Forward Party met fresh obstacles in his prime ministerial bid on Wednesday, as a court suspended him as a lawmaker and rivals mounted a parliamentary challenge to try to scuttle his nomination. U.S.-educated liberal Pita Limjaroenrat has an extremely difficult path to the top job, needing the backing of more than half of the bicameral parliament and to overcome fierce resistance from a royalist military at odds with his party's anti-establishment ambitions. The legislature convened for Pita's second shot at the top job on Wednesday but his rivals moved immediately to derail him by questioning the parliamentary rule under which he was nominated by his eight-party alliance. We have come halfway from the people's victory and there is another half to go," a smiling Pita told the house as he acknowledged the court's suspension order, receiving fist-bumps and applause. Hundreds of Pita's supporters gathered peacefully in Bangkok to protest against the efforts to stop him, some carrying signs denouncing senators for refusing to support him.
Persons: Pita Limjaroenrat, Pita Organizations: Party, Pita's, Reuters Locations: Thailand, Bangkok
The 42-year-old, U.S.-educated liberal Pita Limjaroenrat needs the backing of more than half of the bicameral parliament to be endorsed as Thailand's next prime minister, but must overcome fierce resistance from a military at odds with his party's anti-establishment ambitions. In a post on Twitter as parliament convened, Pita appealed to his rivals to vote according to the will of the people. In the first vote last week, Pita was 51 votes short and was backed by only 13 of the 249 senators, many of whom abstained or were no-shows, effectively votes against him. Move Forward believes many were pressured to deny him and Pita is hoping some could change their minds. They pledged to vote for Pita ... that's a sizable bloc."
Persons: Pita Limjaroenrat, Pita, Pita's, We're, Panarat Thepgumpanat, Panu, Martin Petty, Michael Perry, Robert Birsel Organizations: REUTERS, Twitter, Reuters, Thomson Locations: Bangkok, Thailand, BANGKOK, that's
Can Thailand's Pita succeed in a second PM vote?
  + stars: | 2023-07-18 | by ( Martin Petty | ) www.reuters.com   time to read: +5 min
[1/4] Move Forward Party Leader Pita Limjaroenrat speaks during a voting session for a new prime minister at the parliament, in Bangkok, Thailand, July 13, 2023. An eight-party alliance has pledged its backing for Move Forward leader Pita Limjaroenrat, despite his defeat in the first vote on July 13. Pita was 51 votes short of the 375 needed, as opponents closed ranks to deny him with a host of abstentions and no-shows. CAN PITA WIN THE SECOND VOTE? A separate concern for Move Forward is possible intervention by the Constitutional Court to suspend Pita from duty as a lawmaker.
Persons: Pita Limjaroenrat, Athit, Pita, PITA, Pheu, Paetongtarn Shinawatra, Prawit Wongsuwan, Panarat Thepgumpanat, Panu, Martin Petty, Robert Birsel Organizations: REUTERS, Senate, CAN, WIN, Constitutional, Thomson Locations: Bangkok, Thailand, BANGKOK, Pheu
Tourism, not politics, is crucial for the Thai baht: BNP Paribas
  + stars: | 2023-07-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTourism, not politics, is crucial for the Thai baht: BNP ParibasChidu Narayanan of BNP Paribas says the Bank of Thailand could start hiking interest rates given the rebound in Thailand's tourism sector.
Persons: Chidu Narayanan Organizations: Tourism, BNP, Bank of Locations: Bank of Thailand
REUTERS/Jorge SilvaBANGKOK/NEW DELHI, July 17 (Reuters) - Indian tourists are streaming into Southeast Asia, cementing the world most populous country's position as a key growth market for a travel and tourism sector that is feeling the pinch of China's slower-than-expected re-opening. "Southeast Asia is obviously very well positioned for a lot of the growth that is inevitably going to come from India," aviation analyst Brendan Sobie told an industry conference last month. Tanes Petsuwan, deputy governor of the Tourism Authority of Thailand said 1.6 million Indians were expected to visit the kingdom this year. Indians are helping to sustain a post-pandemic rebound for hospitality chains, including Minor Hotels, which has 45 properties in Southeast Asia with more than 6,000 rooms. Thailand's central bank expects 29 million visitors this year and 35.5 million in 2024.
Persons: Jorge Silva, Brendan Sobie, Tanes Petsuwan, Chai Eamsiri, Chai, Vinay Malhotra, IndiGo's, Sobie, Dillip, Pratyush Tripathy, That's, Somsong Sachaphimukh, Somsong, Pasit, Stefanno Sulaiman, Neil Jerome Morales, Robert Birsel Organizations: REUTERS, Jorge Silva BANGKOK, Thai Airways, Organisation for Economic Cooperation, Reuters, Asian Development Bank, Tourism Authority, IndiGo, Airbus, Minor, Bank of, Tourism Council of, Thomson Locations: India, Thailand, Patong, Phuket, DELHI, Asia, China, Thai, Singapore, Indonesia, Southeast Asia, Jakarta, Bangkok, Kolkata, Pattaya, Europe, United States, Thailand's, Bank of Thailand, Tourism Council of Thailand, BANGKOK, JAKARTA, MANILA
After a meeting with the alliance, Pita said his re-nomination for prime minister could not be blocked by the Senate. However, Pita added that if he failed again he would let Move Forward's ally, the Pheu Thai party, "take action". At the weekend, he raised the prospect of a political ally leading the new government if he failed to become prime minister. Pheu Thai won the second-largest share of votes in May's election. One of its prime ministerial candidates, real estate magnate Srettha Thavisin, could be nominated for the next leader in the third vote for prime minister, if any.
Persons: Wednesday Pita, Pita Limjaroenrat, Pita, Pheu Thai, Srettha Thavisin, Orathai Sriring, Panarat, Kanupriya Kapoor, Alex Richardson Organizations: Wednesday, Senate, Constitutional, Thomson Locations: BANGKOK, Thailand's, Thai, May's, Pita
"We have to wait for the constitutional court to make its decision on August 16 before determining when we will have the vote again," Wan Noor told reporters. The Thai baht has weakened this week on the political uncertainty. After the election Move Forward, along with Pheu Thai and six other parties, forged an alliance to try to form a government. But Move Forward's leader, Pita Limjaroenrat, was twice blocked by parliament from becoming prime minister. On Wednesday, Pheu Thai said it would seek to form a new alliance without Move Forward and would nominate real estate tycoon Srettha Thavisin for the premiership.
Persons: Wan Muhamad, Matha, Wan Noor, Thaksin Shinawatra, Pita Limjaroenrat, Pheu, Srettha Thavisin, Chayut, Devjyot Ghoshal, Edmund Klamann, Robert Birsel Organizations: REUTERS, Thomson Locations: Bangkok, Thailand, BANGKOK
WASHINGTON, July 17 (Reuters) - The United States is concerned about developments in Thailand's legal system, State Department spokesperson Matthew Miller said on Monday, after two separate complaints against the leader of the party that won the most seats in a May 14 election. Thailand's parliament is preparing a second vote on Wednesday on whether Pita Limjaroenrat, leader of the progressive Move Forward party, can become prime minister. U.S. officials have said little about the post-election developments in Thailand, a longstanding military ally in a region where Washington is wary of China's growing influence. "We are very closely watching the post-election developments - that includes the recent developments in the legal system, which are of concern," Miller said. The election commission has also recommended the same court disqualify Pita over ownership of shares in a media company in violation of electoral rules.
Persons: Matthew Miller, Pita Limjaroenrat, Pita, Miller, Simon Lewis, Grant McCool Organizations: State, U.S, Thomson Locations: United States, Thailand's, Thailand, Washington, Thai
BANGKOK, July 15 (Reuters) - Pita Limjaroenrat, leader of Thailand's election winning Move Forward Party, on Saturday raised the prospect of a political ally leading the new government if he fails to become prime minister. "If it becomes clear that Move Forward Party cannot realistically lead government formation then I am... open to having the party that came second, which is Pheu Thai, to lead," Pita said. "All of Move Forward members of parliaments are ready to support Pheu Thai's prime minister candidates," he said. Pheu Thai holds 141 seats in the Lower House, 10 less than Move Forward. Pheu Thai leader Chonlanan Srikaew said on Friday his party will support Pita's bid to become prime minister.
Persons: Pita Limjaroenrat, Pita, Pheu, Srettha Thavisin, Paetongtarn Shinawatra, Thaksin Shinawatra, Yingluck Shinawatra, Chonlanan Srikaew, Panu, Mike Harrison Organizations: Thomson Locations: BANGKOK, Thai, Lower
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThailand's young and old are divided in their views on the country's monarchy, professor saysPunchada Sirivunnabood, an associate professor at Bangkok's Mahidol University, says the younger generation, who "receive a lot of information from social media," has a different understanding of Thailand's royal family.
Persons: Punchada Sirivunnabood Organizations: Bangkok's Mahidol University
Thailand's Pita Limjaroenrat may get another shot at the country's prime minister job next week. But his path to potential power remains unclear, especially if the leader of the country's Move Forward Party does not budge from his election pledge to amend a law that prohibits criticism of the monarchy. Limjaroenrat fell 51 votes short of the majority he needed from the 749 members of Thailand's bicameral National Assembly for the top job in a first parliamentary vote on Thursday. Forty-two-year-old Pita, who attended Harvard Kennedy School, will be able to stand for prime minister if nominated again by his eight-party alliance. Otherwise, Pheu Thai — the second-largest party in the eight-party coalition with Move Forward — may also put forward its own candidate from among the three candidates the party had earlier surfaced.
Persons: Thailand's Pita Limjaroenrat, Limjaroenrat, Grace Lim, Pita, Paetongtarn Shinawatra, Thaksin Shinawatra, Srettha Thavisin, Chaikasem Nitisiri Organizations: National Assembly, Senate, Moody's Investors, Harvard Kennedy School Locations: Southeast Asia's
Only 13 senators backed 42-year-old Pita, with the rest voting against him or abstaining, which his party said indicated some were acting under duress. "There are forces from the old power to pressure the Senate - from the old power to some capitalists who do not want to see a Move Forward government," party secretary general Chaithawat Tulathon said in a television interview. "Since the senators were uncomfortable in electing the PM, why not switch off this power?" he said, adding the party would attempt to limit the Senate's powers by amending an article of the constitution, which could take a month. He can run again if nominated in the next vote, which takes place on July 19, the house speaker confirmed.
Persons: Pita Limjaroenrat, Chaithawat Tulathon, Pita, Vijay Vikram Kannan, Juarawee, Rae Wee, Tom Westbrook, Martin Petty Organizations: Senate, Harvard, Constitutional Court, Senators, Societe Generale, Thomson Locations: BANGKOK, Pita, Thailand, Asia, Singapore, Bangkok
Dollar deepens dive on inflation surprise
  + stars: | 2023-07-13 | by ( Tom Westbrook | ) www.reuters.com   time to read: +4 min
The euro made a fresh 15-month high of $1.1148 in Asia on Thursday and the yen touched its strongest since mid-May at 138.08 per dollar. U.S. core inflation came in at 0.2% in June against market expectations for 0.3%. Moves in other currencies were smaller but still delivered new milestones as traders reckon the dollar has further to drop. The Swiss franc hit its strongest since 2015 at 0.8655 to the dollar and sterling a 15-month top of $1.3019. Amongst the dollar selling, one outlier was perhaps the yen which has led gains.
Persons: Imre Speizer, Malaysia's, Pita Limjaroenrat, Steve Englander, Kazuo, Ueda, Chang Wei Liang, Tom Westbrook, Jamie Freed, Kim Coghill Organizations: month's, U.S, Westpac, New Zealand, Swiss, Standard Chartered, Bank of Japan, Fed, Central Bank, Thomson Locations: SINGAPORE, Asia, Scandinavia
On Thursday, 42-year-old Pita Limjaroenrat failed in his initial bid to win the premiership after he was unable to secure enough votes in a joint sitting of Thailand's 750-member parliament. Another vote is expected to be held next week, which Pita can contest if nominated again. But Pita and Move Forward's agenda - particularly a once-unthinkable proposal to amend Thailand's "lese majeste" law - also pit them against the country's powerful conservative establishment, which controls the 250-member appointed senate. First, Thailand's election commission recommended the Constitutional Court disqualify Pita as a lawmaker because of his ownership of shares in a media company in violation of electoral rules. Some of those protesters - and some of those demands - were part of Move Forward's electoral juggernaut, including a call to amend the lese majeste law.
Persons: Thailand's, Pita Limjaroenrat, Pita, Thais, Thaksin Shinawatra, Kannawee Suebsang, Devjyot Ghoshal, Panu, Nick Macfie Organizations: Wednesday, Constitutional, Harvard University, Pheu Thai Party, Fair Party, Thomson Locations: BANGKOK, Thai, Thailand, Bangkok
Thailand's Pita defeated in parliament in bid for PM
  + stars: | 2023-07-13 | by ( ) www.cnbc.com   time to read: +2 min
Thailand's Pita Limjaroenrat failed on Thursday in his initial bid to become Thailand's next prime minister, after he was thwarted in a high-stakes parliamentary vote that included a host of no-shows and nearly 200 abstentions. The leader of election winners Move Forward was unopposed in the contest but struggled to muster the required support of more than half of 749-member the bicameral parliament, despite the backing of his eight-party alliance. Another vote is expected to be held next week, which Pita can contest if nominated again. Pita's determination to pursue Move Forward's agenda has put him at odds with a powerful nexus of conservatives and old-money families that have loomed large over Thai politics for decades, and had been expected to try to thwart him in parliament. Despite winning the election on massive youth support and popularity in the capital Bangkok, Pita needed to win over some of the 249 members of the conservative-leaning upper house Senate, which was appointed by the military after a 2014 coup.
Persons: Thailand's Pita Limjaroenrat, Pita, Pheu Organizations: Senate Locations: Bangkok
Thailand's Pita fails in PM bid after losing parliament vote
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: 1 min
BANGKOK, July 13 (Reuters) - Thailand's Pita Limjaroenrat failed on Thursday in his initial bid to become Thailand's next prime minister, after he was unable to secure the required endorsement of more than half of the bicameral parliament. Pita, leader of election winners Move Forward, was unopposed in the contest but could not muster the required support, with a host of abstentions and votes against him. Parliament is expected to hold another vote next week, which Pita can contest if nominated again. Reporting by Panarat Thepgumpanat, Panu Wongcha-um and Chayut Setboonsarng; Writing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Pita Limjaroenrat, Pita, Panarat Thepgumpanat, Panu, Martin Petty Organizations: Thomson Locations: BANGKOK
REUTERS/Aly Song/File PhotoJuly 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The one percentage point fall in June headline consumer price inflation to 3.0% strengthened hopes that the U.S. economy is heading for a 'soft landing', boosting risk appetite and, more importantly for emerging markets, slamming the dollar. The yen has risen five days in a row, its longest winning streak against the dollar since November. That would be the biggest fall in exports since January - economists at SocGen are penciling in a 15.7% crash. Here are key developments that could provide more direction to markets on Thursday:- South Korea interest rate decision- China trade (June)- Thailand parliament elects new prime ministerBy Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Jamie McGeever, BOK, Josie Kao Organizations: Shanghai Stock Exchange, REUTERS, Asia FX, South Korean, Bank of, Thomson, Reuters Locations: Pudong, Shanghai, China, U.S, Asia, Pacific, Zealand, SocGen, Korea, Thailand
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