Reconciliation bill postponed by Yingluck government

The House of Representatives, at its special meeting on Wednesday, voted 272-1 to move 10 bills up to the top of the agenda, placing them ahead of the four reconciliation bills.

Source: Bangkok Post

Plenty of press over Yingluck’s government pushing the reconciliation bill further down the Things to do List for Thai parliament. This is short-term positive for the market as it removes the uncertainty regarding the potential political turmoil if the Pheu Thai party had attempted at changing the rewriting the constitution and pushing through its amendment bill. But it will be interesting to see what happens going forward and what strategies Thaksin will employ to attempt to return back to Thailand.

Articles:

http://www.bloomberg.com/news/2012-07-31/thailand-s-boomlet-needs-stable-politics-to-endure.html

http://www.bloomberg.com/news/2012-07-31/thai-ruling-party-shelves-amnesty-bills-constitutional-changes.html

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