Prime Minister Prayut Chan-o-cha leads cabinet ministers and officials in an exercise session at Government House. Photo: Bangkok Post, Thanarak Khunton

A delay in finalizing Thailand’s new constitution, approved last August after a lengthy drafting process, will likely lead to another postponement of promised elections, reports Bloomberg.

Though Thailand has suffered through what seems like an endless stream of military coups since the end of absolute monarchy in 1932, the current stint of army rule is the longest since the 1970s.

One reason for the holdup is the new King’s request for changes to the constitution, which would take months. Lawmakers have signaled that the timeline to hold elections by the end of the year might more realistically be pushed back to the beginning of next year.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.