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    Home > Finance > Thailand's election winner Bhumjaithai seals coalition deal with Pheu Thai
    Finance

    Thailand's election winner Bhumjaithai seals coalition deal with Pheu Thai

    Published by Global Banking & Finance Review®

    Posted on February 13, 2026

    3 min read

    Last updated: February 13, 2026

    Thailand's election winner Bhumjaithai seals coalition deal with Pheu Thai - Finance news and analysis from Global Banking & Finance Review
    Tags:financial stabilityeconomic growthInvestment opportunities

    Quick Summary

    Bhumjaithai Party wins Thailand's election and forms a coalition with Pheu Thai, ensuring a stable government under Anutin Charnvirakul.

    Table of Contents

    • Formation of the Coalition Government
    • Election Results and Coalition Dynamics
    • Statements from Party Leaders
    • Challenges Ahead for the New Coalition

    Bhumjaithai Party Forms Coalition with Pheu Thai After Election Win

    Formation of the Coalition Government

    By Panarat Thepgumpanat and Chayut Setboonsarng

    Election Results and Coalition Dynamics

    BANGKOK, Feb 13 (Reuters) - Thailand's Bhumjaithai Party, which won Sunday's general election by a wide margin, will be joined by the third-place Pheu Thai party to form a coalition government, Thai Prime Minister Anutin Charnvirakul said on Friday.

    Statements from Party Leaders

    Anutin-led Bhumjaithai romped to a surprise victory on Sunday securing 193 seats in the 500-member House of Representatives, followed by the reformist People's Party with 118 seats and the populist Pheu Thai at 74, according to Reuters' calculations based on election commission data.

    Challenges Ahead for the New Coalition

    The support of Pheu Thai - backed by the currently imprisoned billionaire former premier Thaksin Shinawatra - will give Anutin a clear parliamentary majority, potentially paving the way for a stable coalition after a period of political instability.

    "We will work together as a government and manage the country so we can do good things for the country," Anutin told reporters, after holding talks with Pheu Thai leaders.

    FORMER COALITION PARTNERS

    Bhumjaithai was a member of a Pheu Thai-led ruling coalition that took power following the last election in 2023, but walked out of the alliance in June last year, following a leaked phone call between then premier Paetongtarn Shinawatra and former Cambodian leader Hun Sen. 

    Paetongtarn, Thaksin's daughter, was later dismissed by a court order, opening the door for Anutin to become prime minister. 

    After less than 100 days in power, the 59-year-old Anutin dissolved parliament in December, triggering a snap election, which he won riding on a wave of nationalism sparked by a fierce border conflict with Cambodia.

    "Please erase any misunderstandings from the past," Anutin said. "We would like to work together, govern the country together."

    'THEY ARE FRENEMY'

    The move by Bhumjaithai to join hands with Pheu Thai was a practical decision to bolster its coalition and its connections with a network of businesses through Thaksin, said Titipol Phakdeewanich, a political scientist at Ubon Ratchathani University.

    "This is not a big surprise, they are frenemy," he said, referring to the complex relationship between both parties.

    "When you add up their numbers, they both can sense a strong coalition government."

    Bhumjaithai has this week also secured the support of six smaller parties, totalling eight seats, spokeswoman Nan Boonthida Somchai said, which means an alliance led by the conservative outfit has around 275 seats in parliament.

    Faced with a raft of economic challenges that could be best tackled by a stable government, Anutin said that Bhumjaithai would continue talks with other parties to join its coalition.

    "We want strength," he said.

    (Reporting by Panarat Thepgumpanat, Chayut Setboonsarng and Panu Wongcha-um, Writing by Devjyot Ghoshal; Editing by John Mair)

    Key Takeaways

    • •Bhumjaithai Party wins Thailand's general election.
    • •Pheu Thai joins Bhumjaithai to form a coalition government.
    • •Anutin Charnvirakul becomes Thai Prime Minister.
    • •The coalition aims for stability amid political challenges.
    • •Support from smaller parties strengthens the coalition.

    Frequently Asked Questions about Thailand's election winner Bhumjaithai seals coalition deal with Pheu Thai

    1What is the main topic?

    The article discusses the formation of a coalition government in Thailand after Bhumjaithai Party's election victory.

    2Who are the key players in the coalition?

    The key players are the Bhumjaithai Party, led by Anutin Charnvirakul, and the Pheu Thai party.

    3What challenges does the new coalition face?

    The coalition faces economic challenges and aims to ensure political stability in Thailand.

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