Can”t come soon enough

Can"t come soon enough
Can't come soon enough
Nikorn: ‘ New contract within four times ‘

The journey to creating a brand-new mandate is expected to be exhausting and tedious.

In fact, one party appears to be finding the job to be increasingly difficult as the government releases a preliminary schedule for the rewriting.

Pheu Thai’s reputation as a ruling party was assumed by some as the party, who had promised to create a high law that was both democrat in letter and spirit during the election of last year.

The Move Forward Party ( MPF), which fought alongside Pheu Thai and Pheu Thai to replace the current mandate, which they criticized as the result of a tyranny when both parties were in criticism during the preceding Prayut Chan- o gan management, is the most depressed.

The MFP has made a number of statements about the slower speed at which the proposed contract shifts are moving.

According to a cause, the main opposition party has every reason to believe that a quick passage to a fresh constitution might prove to be its saving grace.

The Election Commission voted unanimously on March 12 to ask the Supreme Court to dissolve the MFP, which was accepted as a reading.

The committee contends that the MFP even violated Section 92 of the natural law on political parties in a decision made by the court on January 31 in which it found that MFP efforts to alter Part 112 of the Criminal Code, the der guess law, amounted to an attempt to undermine the democratic monarchy. The jury is empowered to dissolve any group that threatens the democratic monarchy under this section.

The MFP may get free of the knife, according to the source, if the charter redraft may replace the current prohibition on the Constitutional Court from disbanding political parties.

However, the government’s most current information regarding the contract update timeline was unsatisfying for the MFP.

The contract update may take years, according to Chartthaipattana Party list MP Nikorn Chamnong, who is the subcommittee’s leader, who is gathering views on the proposed reform of the whole 2017 charter. The Constitutional Court’s decision regarding the EC’s complaint against the MFP may be rendered before the middle of the yr.

The government-appointed council, led by Deputy Prime Minister Phumtham Wechayachai, oversees the Nikorn subpanel’s investigation into the referendums that will be held as a crucial component of the contract update effort.

Much to the MFP’s astonishment, Prime Minister Srettha Thavisin confirmed the Phumtham council’s decision to hold three elections before a new contract can be approved.

The first will ask the electorate if they approve of a fresh contract. The next election will inquire if Section 256 may be amended to allow for the creation of a new contract if the majority of voters agree.

When a new contract is produced, the government may hold a second vote, asking voters to choose whether it should be adopted.

The MFP insists two may suffice. Two may save money and time while also adhering to the law, according to MFP record MP Rangsiman Rome.

The second vote is scheduled to take place either at the end of July or in early August, according to Mr. Nikorn, and it will cost about 3.2 billion ringgit. The government may work up a bill of nearly 10 billion baht, according to estimates for the two different referendums, which are roughly equal in price.

He added that the whole process for enacting a new mandate would be finished before the government finds business in less than four years.

According to the cause, Pheu Thai could not possibly benefit from replacing the current mandate, and it might not be as motivated as the MFP, who is also in no hurry to pass the constitutional amendment bill.

In fact, the election law itself is a hindrance to the enactment of a new charter. More than 50 % of eligible voters must take part in a referendum, and the majority of those voting may review the new contract, according to the “double lot” condition.

According to Mr. Srettha, the cabinet recently made a decision to change Referendum Act 2021 in order to end the “double majority” rule and make it simpler for a new charter to pass a referendum.

Caught in the crosshairs

After Pheu Thai Party-led government leader Paetongtarn Shinawatra criticized the BoT’s monetary policy and questioned its independence, apparent tensions between the Pheu Thai Party-led government and the Bank of Thailand ( BoT ) are now public.

Ms. Paetongtarn addressed the controversy between the BoT and Prime Minister Srettha Thavisin at a party event on May 3.

According to Ms. Paetongtarn, the government’s fiscal policy has been burdened by the BoT’s monetary policy, and the law keeping the central bank a government-independent means that efforts to resolve economic issues are hampered by it.

” If the BoT does n’t understand and cooperate with the government]in its efforts to tackle economic problems], we ca n’t ]win ]”, she told the event’s attendees.

Paetongtarn: Rate speech stirs alarm

The central bank’s criticism of Ms. Paetongtarn has sparked controversy, with some expressing concern about potential political interference in monetary policy. This is widely accepted as essential to maintaining economic stability and credibility.

The ruling coalition may use its majority in parliament to push for an amendment to the Bank of Thailand Act to impede the BoT’s independence, according to Sirikanya Tansakul, the opposition’s Move Forward Party ( MFP).

” It’s wrong to force the BoT to adhere to government objectives.” The MFP list- MP also stated that it is incorrect to believe that the BoT’s independence prevents the country from resolving its economic problems.

Despite Mr. Srettha’s assurances that no plans were being considered to remove the BoT governor or change the law, Ms. Paetongtarn’s comments are alarming to other critics. However, the critics doubt whether the prime minister is really in the driver’s seat.

Paroled former minister Thaksin Shinawatra, known as the de facto leader of Phue Thai, is not a believer in BoT independence. The Pheu Thai administration has previously been under political pressure on the central bank.

” We must keep an eye on this and see if the Pheu Thai-led government will act in the manner that Ms. Paetongtarn’s claims suggest. Some people say Ms Paetongtarn was just reading from the script, but I think she has inherited it]Thaksin’s belief the BoT should not be independent ].

” And everyone knows who is pulling the strings,” ex-Democratic MP Sathit Wongnongtoey said.

Pheu Thai stalwarts argued in Ms. Paetongtarn’s defense that their party leader’s remarks were merely a call for greater coordination between monetary and fiscal policies in order to solve economic problems.

Phumtham Wechayachai, the Deputy Prime Minister, and Phumtham Wechayachai, the minister of commerce, both made the point that the BoT is not immune from criticism.

” It is not an agency that cannot be criticised. Ms Paetongtarn’s criticism shows she is sincere and concerned that the BoT’s refusal to cut interest rates will affect people,” said Mr Phumtham.

Thanaporn Sriyakul, director of the Political and Public Policy Analysis Institute, thought Mr Phumtham’s response was off the mark because the BoT has always faced public scrutiny.

” But critics, including the press, have never indicated an intention to intervene in its work, “he said.

According to Mr Thanaporn, the Pheu Thai leader’s speech on May 3 was a total disaster. Her remarks were misguided, making the public question her grasp of basic economic principles.

Reading from a script without really understanding the issues she discusses, Ms Paetongtarn stands in stark contrast to Ms Sirikanya, who displays a thorough understanding of economic policymaking, said the analyst.

He argued that Ms. Paetongtarn should be better informed and stay away from economic issues until she has learned more about the economic system or is able to distinguish between public and private debt.

According to Mr. Thanaporn, Ms. Paetongtarn, who is being groomed to become the party’s next prime minister, needs training and mentorship and should concentrate on self-education regarding economic principles and policies in order to get ready for the position.

The ruling party can use its resources to support Ms Paetongtarn’s political maturity now that the Pheu Thai Party Academy has been established to develop the potential of Pheu Thai members, he said.

That day, Ms. Paetongtarn failed. She might be overconfident. Unless she is better equipped, she does n’t stand a chance in a debate with anyone from the MFP, “he said.

As things stand now, the Pheu Thai Party, perceived as neo- conservative to fend off the MFP, seems to be no match for the main opposition party, according to Mr Thanaporn.

Despite the party being in charge of the coalition, he noted, Pheu Thai’s younger MPs appear to lack vision in achieving party objectives.