Thai billionaire scion eyes young votes with new ‘progressive’ party
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Thai billionaire scion eyes young votes with new ‘progressive’ party

A BILLIONAIRE heir of Thailand’s biggest auto parts group on Thursday launched a new political party in Bangkok in a bid to provide an alternative to established parties.

Promising to bridge a festering political divide in the country, Thanathorn Juangroongruangkit, 39, who serves as the executive vice president and director of the Thai Summit Group, an autoparts maker, launched the ‘Future Forward Party’ in Bangkok’s up-and-coming Chinatown neighborhood.

Thanathorn said he hoped to appeal to younger voters and disenfranchised citizens.

“Give democracy a chance,” he said in English at the launch. “We don’t need governance through guns,” he added in Thai, referring to the ruling military, which took power in 2014.

The launch comes two weeks after Thailand’s Election Commission opened registration for new political parties, one of the first signs of a halting return to democracy.

SEE ALSO: Thailand: Arrest warrant issued for former-PM Thaksin Shinawatra ahead of elections 

Thailand has been under military rule since a 2014 coup toppled an elected government.

Since the coup, the generals running Thailand have banned political activity. They have also repeatedly delayed a general election with the latest date pinned on February 2019.

The country has been largely divided since a 2006 coup against then Prime Minister Thaksin Shinawatra, a businessman turned politician who gained a loyal following among rural voters but made many enemies among the military-royalist elite.

Following a period of democracy, the military again intervened in 2014 to topple a civilian government led by Thaksin’s sister, Yingluck Shinawatra.

Critics of the junta say it has failed to deliver on its promises and that political divisions remain steadfast. Growing impatience with the junta has been manifest in protests calling for a quick return to democracy.

The demonstrations come as Prime Minister Prayuth Chan-ocha, 63, who as army chief led the 2014 coup, appears to be undertaking his own campaign to stay on as prime minister.


Piyabutr Saengkanokkul, the co-founder of Thailand’s Future Forward Party, speaks during the launch of the party in Bangkok, Thailand, March 15, 2018. Pic: Reuters

Thanathorn, whose family also has a major stake in the Matichon Pcl, which publishes newspapers, resigned from Matichon’s’ board on Wednesday but remains on the board of Thai Summit, a privately held company.

Some have questioned the family’s ties to Thaksin. Thanatorn’s uncle, Suriya Juangroongruangkit, held various senior positions in Thaksin’s now-defunct Thai Rak Thai Party.

Thanatorn has been described by some as the “next Thaksin”, but on Thursday said he did not side with any existing group. “We have our own stance,” he said.

He did not list his party’s policies because formal political campaigning is still banned by the junta, but said he hopes to attract “ordinary people” to support the party. “People who are not famous … but who want to shape our country’s future together,” Thanatorn said.

Thanathorn introduced other party co-founders on Thursday, including a filmmaker and a number of activists involved in LGBT and environmental causes, among other issues.

SEE ALSO: Thailand’s election delays widely criticised

He also pledged to break the semi-monopolistic Thai economy, adding he wanted to create an economic system that allowed people who want to create their own businesses to enter the market easier.

“They [should] need not pay economic rents or ask for multiple permissions from many government agencies ,” Thanathorn said, as quoted by The Nation.

The scion also criticised the four-year rule of the junta as “the greatest loss” of economic opportunities, the Thai news site reported.

Party co-founder Piyabutr Saengkanokkul, a law lecturer at Bangkok’s Thammasat University, said the party hopes to transcend Thailand’s political divide, a sentiment echoed by the student-led groups that have held anti-junta protests across Bangkok in recent weeks.

But some say the party might find it difficult to appeal to grassroots voters.

“Will they, academics and NGOs … be able to connect with grassroots people, which is a large part of the electoral base?” asked one Twitter user.

Additional reporting by Reuters

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