Speculation growing over merger between Bhumjaithai and Kla Tham parties
Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Big defeat in Bangkok could be beginning of end for Prayut’s government: analysts
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Big defeat in Bangkok could be beginning of end for Prayut’s government: analysts
14 Sept 05:08Key points summarised by AI
The ruling Palang Pracharath Party suffered a devastating loss in the Bangkok Constituency 9 by-election, with their candidate receiving significantly fewer votes than in 2019, indicating a major decline in support.
Analysts attribute the defeat to Prime Minister Prayut Chan-o-cha's falling popularity, the government's perceived failures in tackling COVID-19 and the economic downturn, and internal competition from other conservative parties.
The opposition Pheu Thai Party secured a decisive victory, while the Move Forward Party surprisingly gained substantial support, even from military camps, signaling potential momentum for the next election in Bangkok and uncertain prospects for Palang Pracharath's future in the city.
Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama
Yesterday 15:38Key points summarised by AI
Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.