Zürcher Nachrichten - Thai PM clings on as crisis threatens to topple government

EUR -
AED 4.297817
AFN 73.727012
ALL 95.43889
AMD 432.532408
ANG 2.094649
AOA 1074.307947
ARS 1627.839384
AUD 1.636719
AWG 2.109412
AZN 1.984973
BAM 1.953997
BBD 2.357557
BDT 143.621624
BGN 1.95213
BHD 0.442113
BIF 3531.904009
BMD 1.17027
BND 1.493144
BOB 8.088126
BRL 5.83266
BSD 1.170535
BTN 111.037378
BWP 15.907481
BYN 3.303121
BYR 22937.300519
BZD 2.35415
CAD 1.598946
CDF 2715.027033
CHF 0.91923
CLF 0.026916
CLP 1059.293538
CNY 8.002602
CNH 7.996604
COP 4255.1033
CRC 532.163651
CUC 1.17027
CUP 31.012167
CVE 110.174192
CZK 24.366025
DJF 208.436421
DKK 7.472235
DOP 69.672872
DZD 155.025252
EGP 62.78532
ERN 17.554057
ETB 182.77157
FJD 2.573782
FKP 0.867517
GBP 0.86624
GEL 3.148217
GGP 0.867517
GHS 13.103864
GIP 0.867517
GMD 85.429481
GNF 10271.533952
GTQ 8.942629
GYD 244.881885
HKD 9.16667
HNL 31.120616
HRK 7.533503
HTG 153.334273
HUF 364.735257
IDR 20300.915284
ILS 3.456276
IMP 0.867517
INR 111.185463
IQD 1533.349279
IRR 1539490.756479
ISK 143.80299
JEP 0.867517
JMD 183.410805
JOD 0.829696
JPY 183.23685
KES 151.175473
KGS 102.305628
KHR 4693.0116
KMF 493.854107
KPW 1053.068655
KRW 1728.887052
KWD 0.35987
KYD 0.975471
KZT 542.172394
LAK 25704.813468
LBP 104876.17
LKR 374.101656
LRD 214.787461
LSL 19.622726
LTL 3.455504
LVL 0.707885
LYD 7.442135
MAD 10.811789
MDL 20.16786
MGA 4867.987686
MKD 61.602386
MMK 2457.196354
MNT 4187.344358
MOP 9.445073
MRU 46.418741
MUR 55.037072
MVR 18.086506
MWK 2029.70972
MXN 20.495789
MYR 4.646194
MZN 74.786162
NAD 19.622894
NGN 1609.250543
NIO 43.074497
NOK 10.90967
NPR 177.651262
NZD 1.995754
OMR 0.449982
PAB 1.170505
PEN 4.1253
PGK 5.087807
PHP 71.841783
PKR 326.195442
PLN 4.259937
PYG 7199.066354
QAR 4.280972
RON 5.182428
RSD 117.355892
RUB 87.685907
RWF 1711.245682
SAR 4.389139
SBD 9.407616
SCR 16.035934
SDG 702.744172
SEK 10.852679
SGD 1.493341
SHP 0.873725
SLE 28.734019
SLL 24539.981393
SOS 668.928647
SRD 43.839489
STD 24222.235231
STN 24.479823
SVC 10.242558
SYP 129.483494
SZL 19.627822
THB 38.065372
TJS 10.979269
TMT 4.101798
TND 3.416548
TOP 2.817731
TRY 52.878901
TTD 7.945417
TWD 37.001633
TZS 3048.554094
UAH 51.432608
UGX 4401.372282
USD 1.17027
UYU 46.681524
UZS 13970.485186
VES 568.268993
VND 30843.647576
VUV 138.684442
WST 3.173994
XAF 655.400002
XAG 0.015888
XAU 0.000253
XCD 3.162715
XCG 2.109588
XDR 0.816519
XOF 655.41679
XPF 119.331742
YER 279.255762
ZAR 19.641111
ZMK 10533.840681
ZMW 21.859423
ZWL 376.826602
  • RYCEF

    0.7800

    16

    +4.88%

  • VOD

    0.4850

    15.825

    +3.06%

  • RELX

    0.7200

    36.52

    +1.97%

  • RBGPF

    0.2800

    63.75

    +0.44%

  • RIO

    3.2650

    99.755

    +3.27%

  • CMSC

    0.0140

    22.834

    +0.06%

  • BCE

    0.2350

    23.495

    +1%

  • BCC

    0.3100

    79.31

    +0.39%

  • CMSD

    -0.0100

    23.05

    -0.04%

  • JRI

    0.1600

    12.9

    +1.24%

  • GSK

    0.9900

    52.39

    +1.89%

  • AZN

    3.8400

    189.04

    +2.03%

  • NGG

    3.1100

    89.09

    +3.49%

  • BTI

    1.0600

    58.51

    +1.81%

  • BP

    0.4000

    47.2

    +0.85%

Thai PM clings on as crisis threatens to topple government
Thai PM clings on as crisis threatens to topple government / Photo: LUONG THAI LINH - POOL/AFP/File

Thai PM clings on as crisis threatens to topple government

Thai Prime Minister Paetongtarn Shinawatra apologised on Thursday for a leaked phone call with former Cambodian leader Hun Sen that provoked widespread anger and threatened to topple her government.

Text size:

Her main coalition partner quit and she faced calls to resign or hold an election, throwing the kingdom into a fresh round of political instability as it seeks to boost its spluttering economy and avoid US President Donald Trump's swingeing trade tariffs.

The conservative Bhumjaithai party pulled out on Wednesday, saying Paetongtarn's conduct in the leaked call had wounded the country and the army's dignity.

As pressure grew on Thursday, Paetongtarn apologised at a news conference alongside military chiefs and senior figures from her Pheu Thai party.

"I would like to apologise for the leaked audio of my conversation with a Cambodian leader which has caused public resentment," Paetongtarn told reporters.

The Thai stock market fell 2.4 percent on Thursday as the crisis raged, but by the evening Paetongtarn, daughter of billionaire ex-PM Thaksin Shinawatra, appeared to have won a reprieve as another coalition party said it would not withdraw -- for now at least.

Leaders of the Chartthaipattana, United Thai Nation and Democrat parties held urgent talks on the crisis on Thursday afternoon.

Afterwards Chartthaipattana leader Varawut Silpa-archa told reporters his party would remain in government and meet Paetongtarn to decide what to do.

Losing another coalition partner would likely mean the end of her government and either an election or a bid by other parties to stitch together a new coalition.

In the leaked call, Paetongtarn is heard discussing an ongoing border dispute with Hun Sen, who still holds significant power in Cambodia despite leaving office in 2023.

She addresses the veteran leader as "uncle" and refers to the Thai army commander in the country's northeast as her opponent, a remark that sparked fierce criticism on social media.

The Thai foreign ministry summoned the Cambodian ambassador on Thursday to deliver a letter complaining about the leaking of the call.

The loss of Bhumjaithai's 69 MPs left Paetongtarn with barely enough votes to scrape a majority in parliament and a snap election could be on the cards -- barely two years after the last one in May 2023.

- Resignation calls -

Thailand's military said in a statement that army chief General Pana Claewplodtook "affirms commitment to democratic principles and national sovereignty protection".

"The Chief of Army emphasised that the paramount imperative is for 'Thai people to stand united' in collectively defending national sovereignty," it said.

Thailand's armed forces have long played a powerful role in the kingdom's politics and politicians are usually careful not to antagonise them.

Thailand has suffered a dozen coups since the end of absolute monarchy in 1932, and the current crisis has inevitably triggered rumours that another may be in the offing.

Such an outcome would make Paetongtarn the third member of her family, after her aunt Yingluck and father Thaksin, to be kicked out of office by the military.

The main opposition People's Party, which won the most seats in 2023 but was blocked by conservative senators from forming a government, urged Paetongtarn to call an election.

The Palang Pracharath party, which led the government up to 2023, said the leaked recording showed Paetongtarn was weak and inexperienced, incapable of managing the country's security.

Hundreds of anti-government protesters, some of them veterans of the royalist, anti-Thaksin "Yellow Shirt" movement of the late 2000s, demonstrated outside Government House on Thursday demanding that Paetongtarn quit.

- Awkward coalition -

Paetongtarn, 38, came to power in August 2024 at the head of an uneasy coalition between Pheu Thai and a group of conservative, pro-military parties whose members have spent much of the past 20 years battling against her father.

The battle between the conservative pro-royal establishment and Thaksin's political movement has dominated recent Thai politics.

Former Manchester City owner Thaksin, 75, still enjoys huge support from the rural base whose lives he transformed with populist policies in the early 2000s.

But he is despised by Thailand's powerful elites, who saw his rule as corrupt, authoritarian and socially destabilising.

F.Schneider--NZN