Thailand's crown prince to fly abroad, return next month: sources
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Thailand's Crown Prince Maha Vajiralongkorn attends an event commemorating the death of King Chulalongkorn, known as King Rama V, as he joins people during the mourning of his father, the late King Bhumibol Adulyadej, at the Royal Plaza in Bangkok, Thaila
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
BANGKOK (Reuters) - Thailand's Crown Prince Maha Vajiralongkorn will fly overseas on Friday night and return home next month, three senior military sources with knowledge of the matter said, two weeks after the death of his father, the revered King Bhumibol Adulyadej.
The departure comes during a timeframe the military government had identified for the prince to ascend the throne, with Prime Minister Prayuth Chan-ocha saying last week it could be within seven to 15 days of the king's death, or even later.
The coronation of the crown prince, however, cannot take place until after the king's royal cremation, in a year's time.
The government has sought to dispel any concern about a royal succession after Crown Prince Vajiralongkorn said he would delay his ascension to the throne while he mourns his father.
"The prince will leave Thailand this evening to attend to personal business and will return next month in time to preside over an official engagement," said a senior military source who declined to be identified, because the matter is sensitive.
The prince has spent much of his adult life abroad, and has a home in Germany where his son, Prince Dipangkorn, is enrolled at a private school.
His departure could trigger market jitters and fuel speculation about complications in the succession, said a senior market analyst who is Thai, and based in Singapore, but who declined to be identified because the topic is a sensitive one.
"The government has been keen to stress that the succession will go smoothly," he said. "The prince's departure could get people talking again about stability in Thailand if the handover does not go according to plan."
Crown Prince Vajiralongkorn, 64, is the king's designated successor, but junta chief Prayuth Chan-ocha said hours after the king's death that the prince had informed him he was not yet ready to assume the throne because he wanted to grieve.
The prince has been seen presiding over the daily funeral rituals at the Grand Palace in Bangkok, where the body of King Bhumibol will lie until his cremation.
(Reporting by Amy Sawitta Lefevre; Editing by Clarence Fernandez)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Colombian gets prison in U.S. drug case involving Venezuelan military
- California county settles with family of killed inmate for $3.6 million
- Trump names Dow Chemical CEO Liveris to head Manufacturing Council
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!