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(Bloomberg) A coalition of pro-democracy parties that swept Thailand’s general election last month said it is close to securing enough support from the nation’s pro-establishment Senate to form a government led by Pita Limjaroenrat. Most Read from BloombergHedging Failure Exposes Private Equity to Interest-Rate SurgeWhat We Know About the Missing Titanic SubmersibleTitanic Explorer Says Two Likely Disaster Causes Are Survivable. One Is NotAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-
The Pheu Thai Party has scrapped the 10,000-baht handout it promised during the election campaign, saying the high cost of the Move Forward Party’s welfare programmes would make it unfeasible.
It is urgent to reform economic and capital-market regulations in Thailand to ensure the country continues to grow into the region’s trade and investment hub, representatives from nine political parties agreed on Saturday.