Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Thai PM triumphs in confidence vote in first test of premiership
    Headlines

    Thai PM triumphs in confidence vote in first test of premiership

    Thai PM triumphs in confidence vote in first test of premiership

    Published by Global Banking and Finance Review

    Posted on March 26, 2025

    Featured image for article about Headlines

    By Panarat Thepgumpanat, Panu Wongcha-um

    BANGKOK (Reuters) -Thai Prime Minister Paetongtarn Shinawatra breezed through a no-confidence vote in parliament on Wednesday in the first test of her premiership, emerging unscathed from a two-day opposition onslaught to reaffirm the stability of her coalition.  

    Thailand's youngest premier won the backing of 319 of 488 lawmakers present, despite a barrage of barbs during a censure debate that accused her of being unqualified, lacking economic knowledge, evading tax, serving her wealthy family and taking direction from her billionaire father and political heavyweight Thaksin Shinawatra.

    The censure motion was an early test of Paetongtarn's mandate more than seven months after she was unexpectedly thrust into the spotlight as a political neophyte who had never held public office, replacing ally Srettha Thavisin after his removal by a court for an ethics violation.

    She rejected all the allegations levelled at her. 

    Despite her lukewarm ratings in opinion polls and economic growth far adrift of regional peers, Wednesday's vote showed Paetongtarn's 11-party coalition remains solid, lowering the prospect of near-term instability in a country for two decades fraught with intermittent political turmoil.

    "Every vote, both support and against, will be the strength for me and the cabinet to continue our work for the people," 38-year-old Paetongtarn posted on X social media, thanking her ruling alliance for its support. 

    POLARISING TYCOON

    Multiple governments led by the Pheu Thai Party and its predecessors, all controlled by Thaksin, have been removed by courts or military coups since 2006, underscoring deep-rooted animosity between the polarising tycoon and powerful conservatives with influence over Thailand's key institutions. 

    The opposition People's Party, the biggest party in parliament, directed much of its attacks on Paetongtarn's close relationship with her father, a former premier who is banned from holding office over a conviction for conflicts of interest and abuse of power that kept him in self-exile for 15 years. 

    Thaksin, a former owner of English football giants Manchester City, has loomed large over Thai politics for 24 years and returned home in 2023. He spent six months in detention in hospital under a government led by Pheu Thai, before being released on parole and declaring he was retired from politics. 

    He has since spoken openly and often about government policy but has repeatedly said he only offers his daughter advice.

    Paetongtarn, the fourth member of the Shinawatra family to hold the top job, had during the debate insisted she was giving her best for the country and should be judged by her work, not her family ties.   

    People's Party leader Natthaphong Ruengpanyawut said that despite winning the confidence vote, Paetongtarn was still unfit for the job.    

    "The prime minister's abilities are still lacking," he said. "And if Thailand has a prime minister without the right qualities, the nation will be at a loss." 

    (Reporting by Artorn Pookasook, Panu Wongcha-um, Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Martin Petty)

    Related Posts
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note
    Ukraine starts new round of talks with US,  Kyiv negotiator says
    Ukraine starts new round of talks with US, Kyiv negotiator says
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday
    Maersk tests Red Sea route as Gaza ceasefire offers hope
    Maersk tests Red Sea route as Gaza ceasefire offers hope
    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK
    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK
    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show
    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostRussia says it downed two Ukrainian drones over Black Sea
    Next Headlines PostTrump team scrambles to handle fallout from Signal chat assailed as 'sloppy, careless'

    More from Headlines

    Explore more articles in the Headlines category

    French court orders Shein to verify age for adult products, rejects government suspension request

    French court orders Shein to verify age for adult products, rejects government suspension request

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Big central banks signal rate-cut cycle is ending

    Big central banks signal rate-cut cycle is ending

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    Presses fall silent after mobs torch offices of Bangladesh's top newspapers

    Presses fall silent after mobs torch offices of Bangladesh's top newspapers

    Ukraine can advise Poland on drone defence, Zelenskiy says in Warsaw

    Ukraine can advise Poland on drone defence, Zelenskiy says in Warsaw

    French government calls for Christmas truce in farmer protests

    French government calls for Christmas truce in farmer protests

    View All Headlines Posts