Politician Anutin Charnvirakul is poised to become Thailand’s next prime minister after securing the backing of the largest party in parliament. His elevation would cap days of political uncertainty triggered by the Constitutional Court’s decision to remove Paetongtarn Shinawatra as prime minister for ethical misconduct.
Global funds are dipping back into Thai stocks as political uncertainty eases with a new prime minister set to be nominated on Friday.
Foreign investors net bought a total of US$45.4 million ($58.5 million) of local shares in the three days through Wednesday, according to Bloomberg-compiled data, snapping three weeks of outflows. That makes Thailand the only emerging market in Southeast Asia to see inflows this week.
