The Deputy Finance Minister of Thailand Julapun Amornvivat remarked that Tuesday’s increase in the country’s stock market was a result of easing political uncertainties. He expressed confidence that investor trust would be restored in the upcoming days as the Thai courts handle several politically significant legal matters.
The government plans to persist in implementing stimulus initiatives to enhance the economy, as outlined by Julapun during discussions with the press. By mid-morning trading, the primary stock market index, SET Index, rose about 1%.
Just this afternoon, the Constitutional Court of Thailand has postponed the ruling and scheduled July 3 as the upcoming hearing date for a case that aims to dissolve the Move Forward party. This legal action originated from a complaint lodged by the election commission, calling for the party’s disbandment due to its electoral campaign pledge to revise the royal insult law.
The court also postponed the ruling on a case filed by a group of senators which might result in Prime Minister Srettha Thavisin’s removal from office for violating regulations by appointing a cabinet member with a criminal record to July as well.
Earlier today, Thaksin Shinawatra, a prominent supporter of the current government, was formally charged on Tuesday for purportedly insulting the monarchy in a media interview from 2015, as confirmed by a spokesperson for the attorney-general’s office.
He was granted bail of 500,000 baht.
Meanwhile, the Constitutional Court of Thailand ruled on Tuesday that the current selection process for the country’s Senate is lawful, permitting the continuation of the procedure.
