Thailand's parliament is voting on a new prime minister amid intense political turmoil, following the sudden departure of influential billionaire Thaksin Shinawatra to Dubai. Anutin Charnvirakul, leader of the Bhumjaithai party, holds a strong position with backing from the largest parliamentary bloc, while the ruling Pheu Thai party -- reeling from Thaksin's exit and recent court setbacks -- nominated a long-shot candidate in a last-ditch effort to retain power.

WHAT HAPPENED

* Thailand's parliament convened to vote on a new prime minister after days of political deadlock and the court-driven removal of former PM Paetongtarn Shinawatra.

* Billionaire powerbroker Thaksin Shinawatra abruptly left for Dubai, destabilizing his Pheu Thai party ahead of a critical court ruling next week that could return him to jail.

* Bhumjaithai leader Anutin Charnvirakul has secured support from the largest parliamentary force and needs 247 votes to become PM.

* Pheu Thai nominated former attorney-general Chaikasem Nitisiri as a backup candidate, promising an immediate election if elected.

WHY IT MATTERS

* Thaksin's departure weakens Pheu Thai's influence and reflects deepening instability in Thailand's political landscape.

* Anutin's likely election could lead to a snap election within months, prolonging uncertainty.

* The outcome may determine whether Thaksin avoids further legal consequences or returns to prison.

IMPLICATIONS

* A Bhumjaithai-led government may shift policy priorities, affecting economic stability and foreign relations.

* Prolonged political uncertainty could deter investment and hamper economic recovery.

* Thaksin's legal and political fate remains a flashpoint for public unrest or protests.

* The military and monarchy's role in behind-the-scenes power dynamics may become more pronounced.

This briefing is based on information from Reuters.

Anutin Poised to Become New Thai PM After Thaksin's Exit