Thai princess to run for PM -- against junta chief

A Thai princess will run for prime minister in upcoming elections, in a stunning twist that pits the high-profile royal against the chief of the ruling junta who had hoped to maintain his grip on politics.

Princess Ubolratana, the older sister of Thai King Maha Vajiralongkorn, emerged as a candidate for the Thai Raksa Chart party steered by the divisive Shinawatra political clan.

"The board agrees that the name of Princess Ubolratana, an educated and skilled person, is the most suitable choice," Thai Raksa Chart party leader Preechapol Pongpanich told reporters.

The party falls under the tutelage of Thaksin Shinawatra, a billionaire self-exiled former premier, who stands at the heart of Thailand's bitter decade-long political schism -- loathed by the army and Bangkok elite, yet adored by the rural poor.

The announcement means a royal-fronted party tied to the Shinawatras will directly take on the military party, whose own candidate was also announced Friday as junta leader Prayut Chan-O-Cha.

Prayut has headed the junta for nearly five years, scripting a new constitution in a bid to recast the entire political system to ensure the army has a foothold on power after elections on March 24.

But the shock entrance of 67-year-old Ubolratana is likely to throw the military's plans into disarray.

In a day of high political drama, Prayut declared his candidacy for premier moments after the princess.

"I agree to accept the invitation by Phalang Pracharat to nominate me to be appointed as premier," he said in an unusually conciliatory statement released to media.

"I want to reassure that I do not intend to hang on to power. It is not easy for me to make my decision... it is a crucial moment for the country." -