Kwanchanok and Miguel are Thailand Amateur Open champs

Kwanchanok Boonchan and Ilas Miguel won the 92nd Singha Thailand Amateur Open 2026 after Friday’s final round at Panya Indra Golf Club was cancelled because of heavy rain.

No play was possible on Friday following a heavy downpour early morning and the organising committee was forced to reduce the tournament to 54 holes.

Kwanchanok claimed the women’s individual event with a total score of 12-under 198 and received the trophy from Thailand Golf Association president Rangsarit Laksitanon.

Pinyaphat Kamolborvorn finished runner-up on eight-under 202 and Iris Mehri Muslu took third place on five-under 205.

Miguel, Thailand’s Put Nugooludompanit and South Korea’s Park Si-Woo finished tied on eight-under 202 in the men’s individual event and the Filipino player was crowned champion after winning an 18th-hole playoff.

He took home the King Rama VII Trophy while Put finished in second place and Park took third place.

The Singha Thailand Amateur Open 2026 was organised by the Thailand Golf Association and is one of Thailand’s oldest amateur golf tournaments.

Thailand’s liberal gold regime at risk

Investment in gold has long been regarded as a hedge against economic uncertainty, particularly during periods of heightened volatility. Yet gold is increasingly being used as a means of converting grey money into legitimate money, raising concerns about its broader impact on the country’s economy and society.

As a result, regulatory oversight aimed at tracking the origin and destination of gold held by individuals, whether the funds involved are legitimate, grey or illicit, has become a focus of government monitoring.

The Bank of Thailand previously required transactions involving gold purchases made through applications to be reported when their value exceeded 10 million baht or 2kg. This measure resulted in a 70% decline in unusual transactions in this category.

However, such measures may be insufficient. Central bank governor Vitai Ratanakorn and Finance Minister Ekniti Nitithanprapas recently discussed introducing a transaction tax on gold trading. The Finance Ministry said the purpose of the tax was not to generate revenue, but rather to enable authorities to more effectively track who is buying and selling gold to whom.

Mr Vitai said if a tax were imposed on gold transactions, it could be set at a very low rate, such as 0.01% of the value of the gold transaction. For a transaction value of 70,000 baht, the tax would amount to just 7 baht.

What are the current taxes related to gold?

When an individual purchases gold from a traditional gold shop for personal savings or collection, rather than for commercial purposes, any subsequent sale of the gold is exempt from personal income tax. There is also no value-added tax (VAT) liability arising from the purchase and sale of the gold itself.

If gold is purchased for speculative purposes, such as through an app on a regular basis with the intention of systematically profiting from gold trading, the Revenue Department may determine that the activity does not constitute personal investment or collection. Income derived from such gold trading would be considered assessable under the law, meaning the resulting profits must be included in the calculation of income tax.

However, the making charge or the goldsmith’s fee on gold jewellery remains subject to VAT.

For investments such as gold futures or digital gold, profits earned from the investment are considered assessable income.

When will the gold transaction tax be introduced?

Policymakers believe Thailand may need to tax gold transactions to prevent money laundering. However, technocrats who translate policy into measures remain hesitant, concerned that such a levy could affect the domestic gold trade.

The current priority is to establish a regulatory framework for gold trading that prevents it from becoming a channel for money laundering. The Fiscal Policy Office (FPO) and the central bank are expected to jointly draft legislation governing both online and offline gold trading.

A digital system would be used to track gold trading data, providing authorities with up-to-date information more quickly.

Gold market supervision remains subject to two limitations: the absence of a dedicated regulatory authority, and limited access to comprehensive data on gold trading activities.

Although the Anti-Money Laundering Office (Amlo) oversees cash transactions, gold trading involves more complex dimensions than cash transactions alone.

How was gold trading regulated in the past?

According to a 1997 study by Thailand Development Research Institute focused on gold trading liberalisation, gold bullion trading in Thailand was once subject to strict government controls as part of wartime measures.

The Exchange Control Act of 1942 empowered the finance minister to issue laws and regulations governing the international movement of currency and the cross-border movement of gold. That same year, the ministry issued the Royal Decree Controlling the Export of Certain Goods Outside the Kingdom (No.8), which prohibited the export of gold, platinum, gems and precious stones from the country without special permission from the finance minister or a person designated by the minister.

When World War II ended in 1945, demand for gold bullion surged amid post-war inflationary pressures and concerns over the baht’s stability.

Restrictions on gold trading meant only certain businesses were permitted to import gold. For example, in 1952 the Finance Ministry granted exclusive import rights to Saha Thanikit Co, led by Bangkok Bank’s founder, Chin Sophonpanich, making the company an authorised gold importer.

Gold import tariffs were previously as high as 35%, before gradually falling to 5% in 1991 and then to 0% in 1992. The combination of high tariffs and a limited number of authorised importers drove a portion of the gold trade underground.

The reduction in gold import tariffs prompted the Finance Ministry to later liberalise gold imports, moving away from the previous system in which imports were monopolised by a small number of authorised importers.

In 1991, the FPO issued a notification on rules, procedures and conditions for registration as an importer or exporter, allowing private companies to import gold bullion, subject to three conditions.

Registration is required, with the FPO approving the criteria, procedures and conditions as proposed by the finance minister. Registered importers and exporters were required to present their registration documents to customs officials each time they imported or exported gold. The registration licence is valid for a maximum of three years.

Each gold importer is required to specify the quantity of gold it plans to import. The actual quantity imported cannot be less than the prescribed level, effectively establishing a minimum import requirement, forming part of the ministry’s policy to promote the expansion of the gold jewellery industry.

In addition, importers were required to submit monthly reports to the FPO specifying the dates and quantities of all cross-border transactions. The office reserved the right to revoke a registration if the licence holder failed to comply with the conditions and requirements of registration.

Hidilyn carries the flame

The fire returned to where the dream was fulfilled.

Hidilyn Diaz-Naranjo, the mighty mite from Zamboanga City – all 4-foot-11 of pure heart and steel – found herself back on familiar ground Thursday as one of the torchbearers for the 20th Asian Games Aichi-Nagoya.

And sweet memories came flooding back.

It was five years ago over in Tokyo – 342 kilometers by Shinkansen, 384 by car from Nagoya – where Diaz-Naranjo, now 35, made history as the first Filipino to win Olympic gold, ending almost a century of drought for the country since it first joined the Games in 1924.

The Covid-delayed triumph in Tokyo was barrier-shattering. It was epic. It was the lift heard around the world.

Thursday, after completing her leg of the relay, the country’s weightlifting queen was greeted by Philippine Olympic Committee President Abraham ‘Bambol’ Tolentino – two pillars of Philippine sports sharing pleasantries on foreign soil, both beaming with pride.

The symbolism was not lost on anyone. From Olympic champion to torchbearer – a fitting reward for the woman who showed all that nothing is impossible.

Diaz-Naranjo knows the Asian Games well as she struck gold in Jakarta-Palembang in 2018, then fell short of a repeat in Hangzhou in 2023 as she moved up in weight class.

Now she is praying for Team Philippines to keep the fire burning.

‘Keep the fire burning,’ was her simple but powerful message.

Carrying that fire for the country in the relay are no less than the new generation of Filipino greats – tennis sensation Alex Eala, double Olympic gold medalist Carlos Yulo, jiu-jitsu ace Annie Ramirez, pole vault star EJ Obiena and the loaded esports squad.

From Tokyo gold to Nagoya flame. The journey continues.

EDITORIAL – Another school shooting

There has been a third fatal school shooting incident. This time it happened at the Banga National High School in Banga, South Cotabato, around 2 P.M. yesterday, where a shooter opened fire at fellow students, hurting six of them and killing two.

The shooter was allegedly a Grade 9 student who shot himself dead after committing the act.

Details were still scant as of this writing, although South Cotabato Governor Reynald Tamayo has confirmed that the shooting had indeed happened, and the Philippine Red Cross South Cotabato chapter posted mobilizing to provide critical life-saving assistance to six individuals hurt in the incident.

Another report by the Philippine News Agency described the fatalities as one female and two male students, and that the gun used by the shooter was a Glock 9mm pistol owned by his father, allegedly a member of a local gun club.

Graphic footage of the incident has also made its way to social media, showing one of the bloodied victims being carried to the hospital via tricycle.

This is the third school shooting to occur this year. Last June 22, two students opened fire at the San Jose National High School in Tacloban City, killing at least three schoolmates and wounding about 20 others.

Last August 18, a student shot dead a schoolmate at the junior high school building of Ateneo de Zamboanga University.

This again raises several issues involving mental health and gun ownership and responsibility, among others.

What led the assailant to commit this crime? How was he able to get his hands on the gun? Were there no red flags to indicate that the suspect was going to do what he did? Is this an isolated incident or was this a copycat killing inspired by the Tacloban incident, or was this inspired by something else entirely?

These are questions we are bound to ask again, and again, and again if no sufficient and solutions are answers are found.

Sadly, this tragedy will have a more consequential impact beyond dead children; students will once again not feel safe in their schools, parents will once again feel dread when they hear that something happened in school, schools and local government units will again be scrambling for solutions to keep kids safe.

Flash floods hit Phetchabun as Pasak River overflows

Flash floods inundated communities in Lom Sak district of Phetchabun province after heavy overnight rain caused the Pasak River to overflow its banks, forcing about 300 households to evacuate on Saturday.

Heavy rain had pounded Lom Kao and Lom Sak districts throughout the night, particularly around the mountainous Khao Pak Chong area in tambon Pak Chong of Lom Sak. The runoff swept into residential areas on Saturday morning, affecting around 300 households in tambon Pak Chong.

Rescue volunteers rushed to assist residents, prioritising the evacuation of elderly people and those with disabilities to safer locations.

The strong current also damaged infrastructure, causing an electricity pole along a canal to tilt dangerously close to the ground. No injuries were reported.

The Pasak River in Lom Sak district rose to 8.56 metres, 26cm above the riverbank level. The overflow inundated several communities within Lom Sak municipality, including Tha Kokpho, Wat Thung Samut and Ban Rai, as well as parts of village Moo 7 of Tan Diao municipality and Moo 12 of tambon Nong Khwai.

Lom Sak district chief Phakphum Phumee said water levels in tambon Pak Chong were steadily receding and were expected to return to normal by the afternoon.

He said all local administration organisations have been instructed to prepare personnel and disaster-response equipment to ensure they could assist residents around the clock.

Village heads and kamnan in areas along the Pasak River and its tributaries have also been told to issue warnings and urge residents to monitor water levels 24 hours a day, follow official announcements and remain alert to possible flooding and forest runoff, said the district chief.

Bank of Baroda faces asset seizure over Sh2.99bn court award to borrower

Bank of Baroda (Kenya) Limited faces attachment of its movable assets after the High Court ordered it to pay Infinity Industrial Park Limited Sh2.99 billion in special damages, escalating a dispute over financing for a planned 200-acre industrial park in Nairobi.

A warrant issued by Milimani High Court Deputy Registrar Stellah Sagwe on September 15 directs Moran Auctioneers to attach the bank’s movable and attachable property unless the amount is paid.

The warrant records the amount currently due as Sh2.99 billion, comprising the damages award, Sh1,500 in further costs and Sh1,500 in collection fees. Attached property may be sold by public auction after the required 15-day notice and proclamation process.

The auctioneer is expected to return the warrant to court by October 15, explaining how it was executed or why it was not. No seizure or sale of bank assets is established by the documents.

The warrant follows a decree in a 2024 commercial dispute pitting Infinity Industrial Park Limited against the bank, in which the court entered judgment for the amount, after Infinity withdrew most of its original prayers.

The legal dispute originates from a Sh1.97 billion bank loan facility advanced in 2019 to finance Infinity’s industrial park development.

The company alleged that delays in releasing charged land and related financing constraints disrupted the project, while the bank maintained that the borrower had fallen into arrears and that it was entitled to retain its security.

Infinity had initially sought orders stopping the bank from selling or interfering with its approximately 200-acre project land in Njiru, along Nairobi’s Eastern Bypass. It sought a Sh650 million facility for a second warehouse cluster or release of 15 acres to obtain financing elsewhere.

It also alleged delays in releasing title documents and land, and sought a payment moratorium, withdrawal of adverse credit-reference listings and damages.

Those prayers were withdrawn through a notice dated August 6, 2026, which the court allowed and adopted. The remaining claim produced the Sh2.99 billion judgment.

The dispute began with the Sh1.97 billion loan facility advanced by Bank of Baroda in 2019. The financing comprised a takeover loan from Equity Bank, a fresh overdraft and a new term loan, secured against several properties.

Infinity told the court that it was developing an industrial park and logistics project for small and medium-sized businesses on land with a projected 15-year development period and capacity for up to 1,000 enterprises. It was designed to provide industrial plots, warehouses and supporting infrastructure for SMEs.

Infinity says it made substantial repayments, including Sh500 million in principal and Sh800 million in interest by December 2023. It says it repeatedly sought restructuring and partial release of charged land to raise funds.

The company says it offered Sh250 million in December 2025 for release of 10 acres, but the proposal was rejected.

The case took a turn after the bank failed to file its defence within the prescribed period, leading to a default judgment in September 2025.

The court also dismissed the bank’s July 2026 attempt to set aside that judgment. The court found the bank had participated in proceedings but failed to comply with court directions.

“The failure to comply with the court’s timeline is not attributable to the absence of formal summons; it is simply a case of non-compliance with a court order,’ the court ruled.

The bank blamed its former lawyers for failing to communicate directions concerning its defence, while maintaining that its intended defence raised issues about the security, amount claimed and loan dispute.

The bank’s position in the wider dispute has been that Infinity defaulted and that it was entitled to exercise its rights as a secured lender.

The dispute has also expanded into a separate fight over the bank’s attempted appointment of joint administrators to Infinity in August, with the company challenging the move in court.

’Deep dark web’ influenced South Cotabato school shooter – DILG

The student who opened fire at Banga National High School in South Cotabato had been heavily involved in activities on the ‘deep dark web,’ the Department of Interior and Local Government (DILG) said.

Interior Secretary Jonvic Remulla said investigators also found notes on the 14-year-old student’s cellphone detailing his depression, as well as evidence of his heavy social media and internet activity involving violent content.

‘Upon investigation, he was heavily into the deep dark web. He was into the deep dark web, which influenced him,’ the DILG chief said in a press briefing on Saturday, September 19.

‘According to his phone, he left several notes detailing his depression at tuloy-tuloy ito,’ he added.

(According to his phone, he left several notes detailing his depression and this went on.)

Remulla said the student’s parents had noticed signs as early as April 2026 and tried to intervene.

Parents urged to watch for warning signs

The DILG chief urged parents to pay attention to their children’s online activities and watch for signs of depression, saying families should seek professional help when needed.

‘Depression is real. Depression among kids is real. And we must give the warning signs and we must give access to proper psychiatric health care,’ Remulla said.

Remulla said parents can approach local government officials so children can receive psychiatric assessment at municipal or provincial hospitals.

‘It starts [at] home,’ he said.

The DILG chief also warned parents about the type of content their children can access online, including violent material and online communities that could encourage criminal behavior.

‘Tingnan ninyo. It is not a privacy issue. Anak n’yo ‘yan… Nalulublob sila sa malalalim at madidilim na websites,’ he said.

(Look at what they are doing. It is not a privacy issue. They are your children… They are immersing themselves in deep and dark websites.)

Three killed, several injured

The shooting happened at around 1 p.m. Friday, September 18.

Three people were killed in the incident, including the shooter, while the number of those injured was reported at six to eight as authorities provided updates. Most of the casualties were students.

Authorities cordoned off the classrooms where the shooting took place as investigators processed the scene.

The firearm used in the attack belonged to the student’s father, a Department of Education disaster risk reduction officer, according to Remulla.

The father had three licensed firearms that were not properly secured, allowing the student to access and take one of them, he said.

‘Mayroon siyang tatlong licensed firearms na hindi secured enough na nabuksan ng bata at kinuha ‘yung baril,’ Remulla said.

(He had three licensed firearms that were not secured well enough, allowing the child to open them and take one of the guns.)

Remulla said the incident was the third case he had encountered in which an improperly secured firearm was used.

Police examine student’s gadgets

In the same press briefing, Philippine National Police chief Police General Jose Melencio Nartatez Jr. said investigators were examining the student’s actions and personal belongings to determine what led to the shooting.

‘For one thing, hindi natin mabasa ang pag-iisip ng isang tao but we can investigate or look into the actions before these incidents,’ Nartatez said.

(For one thing, we cannot read a person’s mind, but we can investigate or look into their actions before these incidents.)

Police are examining the student’s notes, cellphone, gadgets and other personal effects for possible forensic evidence.

‘Record shows that he’s into heavy activities with the social media as well as internet activities showing violent activities,’ Nartatez said.

Authorities earlier said the Grade 9 student allegedly warned classmates before the attack.

He reportedly told them to go home after lunch because he would do something that could put them in danger. His classmates, however, thought he was joking. The student later left his classroom and opened fire in an adjacent classroom.

The South Cotabato shooting happened less than three months after a June 22 shooting at San Jose National High School in Tacloban City, where two students allegedly opened fire, killing at least three schoolmates and injuring around 20 others.

On August 18, another school shooting was reported at the junior high school building of Ateneo de Zamboanga University, where a student armed with two pistols allegedly shot and killed a schoolmate.

AirAsia denies state bailout rumours

AirAsia has dismissed rumours of a Malaysian government bailout and possible collapse, saying its refinancing remains on track, while Thai AirAsia expects to maintain its position as the largest player in the domestic market.

Tony Fernandes, founder of and advisor to AirAsia, said the airline has no plans to request government support and has never received any since it started 25 years ago. Mr Fernandes is chief executive of Capital A, the holding company of AirAsia.

A plan to access US$1billion will refinance outstanding loans from the pandemic and should be completed by November or December this year, but it is not to raise new capital, he said.

The group is focusing on optimising operations, cutting roughly 60 loss-making routes and reducing costs through returning less fuel-efficient aircraft.

The emphasis is on strengthening Southeast Asian routes as well as flights to major Asian markets, backtracking from an earlier plan to become a global low-cost network, said Mr Fernandes.

“We’re definitely going back to our roots in Asia without killing our ambitions,” he said.

The long-haul route expansion will rely on code-share partnerships instead of operating solely, said Mr Fernandes.

The group does not plan to lay off employees or implement furloughs, as occurred during the pandemic, he noted.

Tassapon Bijleveld, executive chairman of SET-listed Asia Aviation, the operator of Thai AirAsia, said the airline still has sufficient cash flow of 1 billion baht.

However, the airline is unlikely to make a profit this year due to a massive loss in the second quarter, he noted. The airline expects to return to profit in the fourth quarter, banking on robust high-season demand.

“Typically, during the fourth and first quarters people are still willing to spend for travel, regardless of fuel price,” said Mr Tassapon. “We are doing our best to maintain customer market share.”

As of August, Thai AirAsia commanded the largest market share at 26%, and a domestic flight market share of 39%.

The airline aims to operate 55 planes from its fleet of 62, after dipping to less than 50 in the third quarter.

He said the airline does not plan to hedge jet fuel due to soaring prices at the moment.

Phairat Pornpathananangoon, chief executive of Thai AirAsia, said after reducing some unprofitable overseas flights, the airline will be able to relocate jets to serve domestic flights, such as resuming routes from Suvarnabhumi airport to Chiang Mai, Phuket and Krabi.

The company wants to increase the average domestic airfare to around 2,000 baht by year-end in order to match surging jet fuel prices, he said.

THAI AIRASIA X

Mr Tassapon said the rehabilitation plan for Thai AirAsia X was adjusted in response to surging operational costs related to jet fuel prices. While the plan still has two years remaining, the airline filed a request with the Central Bankruptcy Court last month for a suspension of debt repayment for two years.

“We need to maintain sufficient cash flow given this immediate problem,” he said.

If the energy crisis improves next year, the airline might be able to repay debts before two years, said Mr Tassapon. Thai AirAsia X has seven A330 aircraft and already cancelled flights to China and Australia, aiming to strengthen traffic via potential routes to Japan, Kazakhstan and India.

Bangchak to replace chief executive in 2027

Chaiwat Kovavisarach plans to step down as chief executive of Bangchak Corporation at the end of this year, bringing to a close more than a decade of leadership that transformed the company from a financially struggling oil refiner into one of Thailand’s largest and most diversified energy groups.

The company’s board approved the management change, with Bundit Hansapaiboon, currently president of Bangchak’s refinery and marketing business, set to assume the chief executive position on Jan 1 next year, according to a filing submitted to the Stock Exchange of Thailand.

The leadership transition comes at a critical time for the global energy industry as companies navigate geopolitical tensions, volatile oil markets and the accelerating shift towards cleaner energy sources to address climate change.

“Energy volatility will persist. Price swings, regulatory shifts and geopolitical risks show no sign of fading,” Mr Chaiwat told investors recently.

“But with our robust balance sheet, balanced revenue streams and a roadmap aligned with both national interests and global climate goals, Bangchak stands ready.”

Last week, the company unveiled its forward strategy, highlighting plans to accelerate investment in renewable energy by leveraging Thailand’s agricultural strengths to expand biofuel production.

“Energy security is not just about having enough fuel. It is about having choices. Thailand has the greatest advantage of all: we can grow our own energy,” he said.

Industry observers say the change marks the end of a transformative era for Bangchak.

Under Mr Chaiwat’s leadership, the company evolved from an ageing refinery once viewed as being close to closure into a major energy conglomerate admired by investors.

When he took the helm in 2015, Bangchak was burdened by debt and centred on its ageing Phra Khanong refinery in Bangkok.

The facility operated with relatively low efficiency and thin refining margins, leading many analysts to question its long-term viability.

Mr Chaiwat responded by overhauling the company’s business model.

Beyond modernising refinery operations and improving efficiency, he expanded Bangchak’s scale through acquisitions, most notably Esso Thailand, helping to create a combined refining capacity approaching 300,000 barrels per day.

The company now operates nearly 2,200 service stations nationwide.

His vision also extended well beyond refining. In 2018, Bangchak entered Norway’s upstream petroleum sector through the acquisition of shares in Okea ASA, securing exposure to oil and gas production that helped to diversify earnings and reduce supply risks.

Bangchak holds a stake of more than 45% in the Norway-based petroleum drilling company.

The company also expanded aggressively into renewable energy, biofuels and sustainable aviation fuel (SAF). Earlier this year, the company launched Thailand’s first commercial SAF production at its Phra Khanong refinery.

As Mr Chaiwat prepares to leave office, Bangchak said the company had been reshaped into a diversified energy company positioned to play a leading role in Thailand’s energy security and clean energy transition for years to come.

Trust remains elusive

The main opposition People’s Party (PP) may be calling on Pheu Thai to abandon the Bhumjaithai-led coalition government, but rebuilding trust between the two parties could prove considerably harder than bringing them together against a common political adversary.

PP deputy leader Wiroj Lakkhanaadisorn recently urged Pheu Thai to leave the government and join the opposition, a move that could increase parliamentary pressure on Prime Minister Anutin Charnvirakul and undermine Bhumjaithai’s dominance.

But for Pheu Thai, the proposal raises a question that goes beyond the current balance of power: why should it trust PP now, after the two parties have repeatedly put their own political interests ahead of their relationship?

The trust deficit is not new, according to a political source.

The decisive rupture came when Pheu Thai abandoned the possibility of forming a government with the PP and instead joined forces with Bhumjaithai, resulting in the formation of the Srettha Thavisin administration.

For the PP, that decision was more than a tactical setback. It reinforced the perception that Pheu Thai was prepared to put its own political survival and access to government ahead of cooperation with a party that had emerged as a major electoral force.

The PP subsequently found its own opportunity to settle the score.

Ahead of the Feb 8 general election, it supported Mr Anutin, the Bhumjaithai leader, as prime minister of a minority government, a move viewed as partly political retaliation against Pheu Thai. In doing so, the PP effectively overlooked Pheu Thai’s own leadership aspirations.

That history makes Mr Wiroj’s latest appeal politically awkward, the source said.

The PP is now asking Pheu Thai to reverse course and join forces against the very government that the PP itself once helped facilitate. From Pheu Thai’s perspective, the proposal may therefore be viewed with considerable caution.

Political parties can forgive electoral competition. They are less likely to forget being strategically abandoned, the source said.

The problem is compounded by the fact that Pheu Thai and the PP are not simply competing parties. They are competing for overlapping territory in the broader anti-conservative and reform-oriented political space.

Any Pheu Thai decision to leave the government and join the opposition would therefore benefit the PP as much as, or potentially more than, Pheu Thai.

The PP would gain a larger opposition partner and greater parliamentary weight. It could also present itself as the natural centre of an alternative government.

Pheu Thai, meanwhile, could find itself playing second fiddle to the PP at precisely the moment when it needs to rebuild its own political identity. That is a particularly unattractive prospect for a party recovering from a serious electoral decline.

The Feb 8 election exposed the extent of Pheu Thai’s political erosion. The party suffered a major setback after years of dominance, while the fallout from the so-called ‘uncle audio clip’ episode further damaged its credibility and contributed to its diminished electoral standing.

Pheu Thai has little incentive to make another high-risk political move before it has rebuilt itself.

This is where the question of Yodchanan Wongsawat, nephew of former premier and Pheu Thai spiritual leader Thaksin Shinawatra, becomes significant.

Pheu Thai is not merely trying to survive the current parliamentary term. It needs to prepare for a leadership transition and cultivate a new political generation capable of restoring the party’s electoral competitiveness, the source said.

Mr Yodchanan could be an important part of that strategy.

If the party ultimately wants to groom him for the leadership and potentially develop him into a future prime ministerial candidate, he needs things that cannot be acquired overnight: political experience, public exposure and a track record.

Remaining in government can provide all three.

A coalition position gives Pheu Thai an opportunity to place its emerging politicians in positions where they can demonstrate competence, build networks and develop policy credentials.

It also gives the party time to gradually introduce a new generation to voters without forcing them immediately into a high-stakes opposition contest against a much stronger PP.

For Mr Yodchanan in particular, the political value of this period could be substantial.

A future prime ministerial candidate cannot be created simply by announcing his candidacy. He needs to establish a political identity of his own, demonstrate that he can handle policy and parliamentary responsibilities, and convince voters that he represents more than the legacy of the Pheu Thai political family.

That requires careful cultivation, according to the source.

A premature departure from government could complicate that process.

If Pheu Thai were to join the PP-led opposition, Mr Yodchanan would immediately be drawn into a much more confrontational political environment. Rather than being given time to develop his own profile, he could become part of an opposition struggle dominated by PP’s political agenda and leadership.

The risk is that Pheu Thai would once again be defined by its relationship with another party rather than by its own political proposition.

Staying in government gives the party greater room to manoeuvre.

Pheu Thai can use the coalition period to rebuild its organisation, revamp its public image and prepare its next generation while monitoring Bhumjaithai’s performance. It can support government policies that benefit the party politically while distancing itself from measures that are unpopular.

Most importantly, it retains the option of leaving later. That makes remaining in government less a declaration of loyalty to Bhumjaithai than a strategic holding position.

The source said Pheu Thai may calculate that its best political asset at present is time and patience.

It needs time to recover from the Feb 8 defeat. It needs time to rebuild voter confidence after the audio-clip controversy. It needs time to nurture new leaders. And it needs time to determine whether Mr Yodchanan can eventually establish himself as a credible successor capable of carrying the party into the next electoral cycle.

The PP, by contrast, has an obvious interest in forcing Pheu Thai to make a decision now.

Bringing Pheu Thai into the opposition would solidify the PP’s parliamentary position and potentially accelerate the collapse of the Bhumjaithai-led coalition. It would also allow the PP to turn the page on its own past cooperation with Mr Anutin and present itself as the centre of an anti-government alliance.

But Pheu Thai sees little reason to make the PP’s strategic objective its own. The two parties may share an interest in challenging Bhumjaithai, but that does not mean they share a common political future.

Indeed, their previous dealings provide Pheu Thai with ample reason to remain wary. If the PP was prepared to abandon Pheu Thai when circumstances changed before the election, Pheu Thai can reasonably ask what would prevent the same thing from happening again.

There is therefore a paradox at the heart of Mr Wiroj’s appeal.

The PP needs Pheu Thai to trust it at a time when the PP has not yet demonstrated that it can be trusted as a long-term political partner.

And Pheu Thai, having already paid a heavy price for its previous strategic miscalculations, may be reluctant to take another gamble.

For now, the safer calculation may be to stay put, the source said.

EC ruling fails to settle doubts

The Election Commission’s decision to refer 77 people in the Senate election collusion case to the Supreme Court’s Election Cases Division has done little to settle the controversy.

After all, the commission spared Bhumjaithai Party executives and key party figures accused of involvement, citing a lack of credible evidence against them.

The decision has drawn criticism from the opposition People’s Party (PP) and Democrat Party, as well as the civil society group iLaw, which has campaigned on the Senate election issue for almost three months.

The full commission’s decision has also raised questions about whether the EC, an independent public agency, is being influenced by political interests.

EC chairman Narong Klanwarin has insisted that the EC considered the case independently and within the framework of the law, rather than at its own discretion or under pressure from society or any particular group.

Critics point out that the 77 people referred to the Supreme Court are lower-level participants, while those believed to have played more important roles have been left untouched.

The investigation involved 67 complainants and 427 respondents, with allegations covering seven offences under the organic law on the acquisition of senators.

Of the 77 people referred to the Supreme Court, 26 are sitting senators, 36 are Senate voters, and 15 are other individuals. No reserve senators, political party executives, MPs or political office-holders were referred.

From a legal perspective, independent legal scholar What Tingsamitr said the EC appears to have applied the criminal law standard of proving a case ‘beyond reasonable doubt’ when deciding whether to refer cases to court.

Mr What, a former senior Supreme Court judge, said the EC had applied a much stricter standard than that required in the Senate election case. The law only requires ‘reasonable grounds’ for a case to be submitted for judicial review.

He also questioned whether the legal standard was being applied in a way that ran counter to the intent of the law.

According to Mr What, the Supreme Court’s approach in election-related cases has generally involved considering circumstantial evidence, voting patterns and digital evidence together.

There is not necessarily a need for a direct financial trail to establish wrongdoing, he said, adding that the EC’s claim of insufficient evidence to dismiss the cases against the others runs counter to the approach normally taken in such cases.

However, he noted that the commission has exposed itself to legal risks of its own.

If it could be proven that the commissioners deliberately acted to help certain individuals avoid scrutiny, the EC could potentially face charges of dereliction of duty under Section 157 of the Criminal Code and Section 69 of the law governing the EC.

From a political perspective, the EC’s decision is understandable, said Olarn Thinbangtieo, deputy dean of political science and law at Burapha University and chairman of the Campaign for Popular Democracy.

Referring the cases against 21 Bhumjaithai figures and executives allegedly involved in the case could have a much wider impact on the political arena, as it could put the party at risk of dissolution, he said.

Bhumjaithai is seen as an important political ally of the political establishment, making the party an asset that cannot easily be put at risk, he noted. Mr Olarn believes the Constitutional Court’s Sept 28 ruling on the use of barcodes and QR codes on ballots is likely to favour the government. The case centres on whether the systems could be used to trace ballots back to individual voters.

If the court rules that the Feb 8 election was conducted in secret, the issue will be settled. But if it finds that ballot secrecy was compromised, the election could be declared invalid and a new poll ordered, although this would affect only the party-list system.

Mr Olarn said Bhumjaithai would have only a slim chance of winning despite being the best prepared for a new election and having extensive political resources. The PP is expected to emerge stronger, making the prospect of a new election a risk that the political establishment would be reluctant to take, he added.

Political tensions are likely to remain high, with the PP expected to push hard for charter amendments, Mr Olarn said.

However, constitutional amendment requires the support of one-third of the Senate, creating a dilemma for the main opposition party, which may have to take a more flexible approach and negotiate with both senators and Bhumjaithai to reduce political tensions.

According to Mr Olarn, the two sides could work together on constitutional changes, particularly on issues such as decentralisation of power.