Srettha Thavisin Elected As Thailand Prime Minister

Thai property tycoon Srettha Thavisin has been elected as the new prime minister of Thailand following a decisive win in a parliamentary vote. The 60-year-old Thavisin’s victory in the parliamentary vote, with the support of two-thirds of the assembly, ends weeks of political uncertainty that followed an election held 100 days ago.

A Visionary’s Genesis: From Procter & Gamble to Sansiri

Srettha Thavisin after completing his studies in 1986, embarked on his professional path, assuming the role of an assistant product manager at Procter & Gamble. This initial chapter of his career spanned a duration of four years, during which he gained valuable insights and experience. However, it was in the year 1988 that he embarked on a transformative journey, co-founding Sansiri. This enterprise would go on to establish itself as one of Thailand’s foremost real estate development companies, leaving an indelible mark on the industry.

The Intricacies of Coalition Building and Political Stability

Srettha Thavisin’s election as prime minister ushers in a new era of coalition politics. He faces the challenging task of holding together a potentially fragile coalition government, which includes parties affiliated with the royalist military. The military, notorious for orchestrating coups in 2006 and 2014 that toppled Pheu Thai (a major Thai political party) governments, holds a significant stake in this coalition. Thavisin’s ability to navigate the intricacies of this coalition will play a pivotal role in determining the stability and direction of Thailand’s government.

Key takeaways for competitive examinations

  • Official currency of Thailand: Thai baht

 Find More International News Here

Saurabh

Recent Posts

World’s AIDS Vaccine Day 2024: Date, Theme, History and Significance

World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…

5 hours ago

Coal India, NMDC, ONGC Videsh Seek Overseas Critical Mineral Assets

The Indian government has announced plans for public sector companies like Coal India, NMDC, and…

7 hours ago

India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens

In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…

7 hours ago

DPIIT Reports Over 7 Million Transactions on ONDC Platform in April

The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…

7 hours ago

SBI Raises Short-Term Retail Fixed Deposit Rates Amidst Economic Shifts

In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…

8 hours ago

Indian Army Set to Receive Russian Igla-S Air Defence Systems

The Indian Army is poised to elevate its air defense capabilities with the impending delivery…

8 hours ago