New Economics Party (Thailand)

New Economics Party
พรรคเศรษฐกิจใหม่
AbbreviationNEP
LeaderManoon Sivapiromrat
Secretary-GeneralPassakorn Ngerncharoenkul
FounderSupadit Arkartruek
Founded2 March 2018 (2018-03-02)
Headquarters199 Naradhiwat Rajanagarindra Rd, Chong Nonsi, Yan Nawa, Bangkok 10120
IdeologySocial conservatism[1]
Economic liberalism
Political positionCentre-right
House of Representatives
0 / 500

The New Economics Party (NEP) (Thai: พรรคเศรษฐกิจใหม่) is a political party in Thailand founded in March 2018 by Supadit Arkartruek.[2]

The party first gained parliamentary representation in the 2019 general election, securing 6 seats through the party-list system. Initially, NEP joined the opposition bloc, but later shifted to support the governing coalition.

History

The New Economics Party was registered on March 2, 2018, and formally approved by the Election Commission of Thailand (ECT) on November 6, 2018.[3]

In 2019, the party nominated Mingkwan Saengsuwan as its prime ministerial candidate, and its platform focused on economic reforms and social stability.

Election results

Election Total seats won Popular vote Share of votes Outcome of election Election leader
2019
6 / 500
485,664 1.34% Entered Parliament — initially in opposition, later joined governing coalition Mingkwan Saengsuwan
2023
0 / 500
N/A N/A Lost all seats, no parliamentary representation Manoon Sivapiromrat

Leadership

List of party leaders
No. Name Term start Term end Notes
1 Supadit Arkartruek March 2018 January 2019 Founding leader
2 Mingkwan Saengsuwan January 2019 May 2019 Resigned after election
3 Manoon Sivapiromrat December 2021 Present Current leader

Policies and Ideology

The NEP promotes economic liberalism and social conservatism, advocating for:

  • Pro-business policies to attract foreign investment
  • Welfare programs for low-income citizens
  • Judicial reforms to enhance public trust in institutions

Controversies

In 2020, internal disputes arose when some MPs voted against opposition-backed motions, leading to accusations of backdoor deals with the ruling coalition. This conflict contributed to the resignation of Mingkwan Saengsuwan.

References

  1. ^ ประกาศนายทะเบียนพรรคการเมือง (PDF). Ratchakitcha (in Thai). Retrieved 2024-05-25.
  2. ^ ข้อมูลพรรคการเมืองที่ยังดำเนินการอยู่ ณ วันที่ 24 มกราคม 2563. Election Commission of Thailand (in Thai). 2020-08-15. Archived from the original on 2020-10-28. Retrieved 2024-05-25.
  3. ^ "ECT certifies four more parties, including Palang Pracharath". ThaiPost (in Thai). 2018-11-06.
    1. External links