Thaksin’s sister emerges as the new Prime Minister in Thailand
Soon after the preliminary result showed a clear majority for the Pheu Thai in the parliament she told, “There is a lot of hard work ahead.” Shinawatra’s Pheu Thai has won 264 seats over the 160 seat of its rival Democrats of present prime minister Abhisit Vejjajiva.
Mr. Abhisit has announced his resignation as the Democrat leader citing, “In the spirit of a good leader of an organization, I should take responsibility. I therefore have decided to resign from the party leadership.”
Mr. Thaksin, the then prime minister and Ms. Yingluck’s brother was ousted in a military coup in 2006 that spread deadly clashes between both parties’ followers. However, this time both parties campaigned to end the divisions plagued by that military coup.
The Thai baht rose more than 1% against the US dollar in the opening market on Monday.
With the Sunday’s election result M. Yingluck Shinawatra, a 44 year old business executive, has become the first woman prime minister in Thailand and the fifth person to hold the position since her brother Thaksin. She received a congratulatory call from her billionaire brother.
After the announcement of election result she told in an address to her supporters outside the party headquarter, “I don’t want to say that Pheu Thai wins today. It’s a victory of the people. I would like to reiterate that we are ready to deliver on all of the policies that we have announced. There is a lot of hard work ahead. I’ll do my best and will not disappoint you.”
She also expressed her willingness to form a coalition with smaller parties like Chart Thai Pattana.
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