Previous Pheu Thai governments have been ousted by military coups in 2006 and 2014, when the party's interests clashed with the country's powerful old money elites and royalist military.
Srettha Thavisin, a local property tycoon and Pheu Thai Party's new adviser, needs the support of more than half the bicameral legislature - including the military-appointed Senate.
Thailand's Pheu Thai Party has gained support from a rival military-backed party, potentially boosting it in its bid to form a government ahead of a prime ministerial vote in parliament next week. The United Thai Nation Party or UTN, the party that fielded former coup leader Prayuth Chan-ocha as its prime ministerial candidate in the May election, said on Thursday that it will help Pheu Thai form a government.
Prayuth, who is currently caretaker prime minister, first came to power in a coup against a Pheu Thai-led government in 2014. "United Thai Party will join the government with Pheu Thai," UTN spokesperson Akaradej Wongpitakroj told reporters on Thursday.
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