The Pheu Thai Party was founded on 20 September , as an anticipated replacement for the People's Power Party PPP , which the Constitutional Court of Thailand dissolved less than three months later after finding party members guilty of electoral fraud. In a PTP general assembly, the first executive commission was elected on 7 December In a December parliamentary session, MPs of five PPP coalition parties decided to endorse Abhisit Vejjajiva as the next prime minister and themselves forming a Democrat -led coalition. However, Abhisit had gained their support for the premiership. This proposal was rejected by the defecting coalition parties and the Democrat Party. On 15 December , the party elected Pracha Promnok as the party's candidate for prime minister and has since been in opposition to prime minister Abhisit Vejjajiva's coalition government. As an opposition, the party received a rating of 3. In early May , Charupong Ruangsuwan was named new Secretary general of the party. In the general election , the Pheu Thai Party contested for the first time since its foundation.
Pheu Thai's popularity still high in Northeast: poll
A recent opinion survey by the National Institute of Development Administration, or Nida Poll, found the opposition Pheu Thai Party is still popular in the Northeast although many voters are undecided whether to vote for the party in the next general election. The poll was conducted by telephone interviews during Oct on 1, eligible voters aged 18 and over of various levels of education and occupations in the Northeast to gauge Pheu Thai's popularity in the region. The Northeast has been a strong political base of the Pheu Thai Party, the successor party to the dissolved Thai Rak Thai and Palang Prachachon parties supported by former prime minister Thaksin Shinawatra. For those who said "yes", when asked whether they voted for Pheu Thai in the last election, For those who did not vote for Pheu Thai in the last election, when asked which party they voted for,
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Paetongtarn, 35, currently serves as chief executive officer of a company in the hospitality sector. Her appointment comes as Thaksin, 72, who has been in self-imposed exile most of the time since he was toppled, has been increasing his profile amid rumors that current Prime Minister Prayuth Chan-ocha may call new elections. Thaksin is widely seen as seeking some sort of political comeback. Thaksin is a billionaire whose populist policies won him strong electoral support. He now lives mostly in Dubai to avoid serving prison time in Thailand on corruption charges he says were politically motivated. He is a contentious figure whose fall set off a sometimes violent struggle for power between his supporters and his opponents, who accused him of abuse of power and corruption.
From to , it was the ruling party under its founder, Prime Minister Thaksin Shinawatra. During its brief existence, Thai Rak Thai won the three general elections it contested. Eight months after a military coup forced Thaksin to remain in exile, the party was dissolved on 30 May by the Constitutional Tribunal for violation of electoral laws, with former party members banned from participating in politics for five years. The Thai Rak Thai party had a populist platform, appealing to indebted farmers, who had become indebted as a result of the Asian financial crisis of , with promises of a strong economic recovery. Thai Rak Thai's policies included a 30 baht per hospital visit scheme, an extended debt moratorium for farmers, one million baht microcredit development funds for all rural districts, and the One Tambon One Product project.