Thailand’s junta met the head of the central bank, the stock exchange and other economic officials to discuss measures to safeguard growth in Southeast Asia’s second- biggest economy three days after a military coup.
Thailand’s junta is taking a page out of Thaksin Shinawatra’s policy playbook, adopting some of the populist measures that drove his political success in a move that may help stabilize growth for the remainder of 2014.
Thailand’s army chief said the country’s six-month political deadlock must be solved through legal means as supporters and opponents of the government held competing rallies in Bangkok, raising the risk of fresh clashes.
Thailand’s ousted leader Yingluck Shinawatra may be banned from politics for five years after the nation’s anti-graft agency said the Senate should impeach her for failing to stem losses from a government subsidy program.
Thailand’s caretaker government installed an acting prime minister to stave off collapse after a court removed Yingluck Shinawatra, casting doubt on a general election planned for July and risking renewed protests.
Thailand’s acting Prime Minister Niwattumrong Boonsongpaisan said holding an election scheduled for July 20 is the only way to resolve the nation’s political deadlock, and reforms should be implemented by a new government.