Thailand has got its first ever female prime minister as the nation's parliament has selected Yingluck Shinawatra, the sister of toppled former premier Thaksin Shinawatra, to take over the charge.

However, the nation's king Bhumibol Adulyadej has to proclaim Shinawatra before she officially takes the office. After gets announced by the king, she will be the 28th prime minister in Thai history, CNN reported.

Shinawatra, 44, got the majority of supports winning 296 votes in the 500-member parliament. Shinawatra-led Pheu Thai party won a majority in the July 3 vote.

Shinawatra, who is due to name a cabinet, which must present its policies for a confidence vote 15 days after taking office, said earlier that she wanted to develop people's economic situations.

"There is a lot more hard work to do in the future for the well-being of our sisters and brothers, the people of Thailand," she said last month.

Shinawatra's clear victory has boosted the stock up. As per the data compiled by Bloomberg, investors bought 46.3 billion baht of Thai stocks in the past month. In the month before the votes, investors pulled pulled a net 26.9 billion baht out of Thai stocks. After Mongolia, SET Index is the second best performer with a gain of 4.6 percent so far this quarter.

Prior to entering politics, Shinawatra held senior positions at Advanced Info Service Pcl, the mobile-phone company. The company, founded by her brother Thaksin, became Tailand's biggest and is now owned by his children.

Shinawatra holds a master's degree in public administration from Kentucky State University in the U.S.

Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Thailand's new Prime Minister Yingluck Shinawatra of the Puea Thai Party laughs with members of parliament moments after being elected as the country's 28th prime minister in parliament in Bangkok August 5, 2011. Thailand's parliament elected Yingluck Shinawatra as the country's first female prime minister on Friday after the political novice won the support of more than half of the lawmakers in a televised vote, according to Reuters calculations. REUTERS/Sukree Sukplang
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Yingluck Shinawatra leaves the parliament after being elected as Thailand's 28th prime minister in Bangkok August 5, 2011. Thailand's parliament elected Yingluck as the country's first female prime minister on Friday after the political novice won the support of more than half of the lawmakers in a televised vote, according to Reuters calculations. REUTERS/Sukree Sukplang
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Prime Minister-elect Yingluck Shinawatra (C) of the Puea Thai Party and other members of parliament vote to select a house speaker in Thailand first parliament session in Bangkok August 2, 2011. Thailand's election authority cleared the way last week for a new parliament to convene and choose a prime minister, saying it had endorsed enough winning candidates from the July 3 election to produce a quorum. REUTERS/Chaiwat Subprasom
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Yingluck Shinawatra, sister of ousted premier Thaksin Shinawatra, greets reporters and supporters gathered at her party's headquarters after voting in general elections ended in Bangkok July 3, 2011. Thailand's opposition Puea Thai (For Thais) party led by Yingluck, appeared headed for a landslide election victory on Sunday, in a triumph for protesters who clashed with the army last year. REUTERS/Damir Sagolj
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Yingluck Shinawatra, sister of ousted premier Thaksin Shinawatra, is surrounded by reporters as she takes a stage for the last big pre-election rally for her Puea Thai (For Thais) party at a stadium in Bangkok July 1, 2011. Thailand holds a general election on July 3 that might be a step on the road to stability after five years of political turbulence. But it could just as easily prolong the crisis, especially if there is no clear-cut winner. REUTERS/Damir Sagolj
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Puea Thai Party's Yingluck Shinawatra (C) arrives to attend a news conference on the formation of her coalition in Bangkok July 4, 2011. Yingluck on Monday announced the formation of a five-party coalition led by her Puea Thai Party, a day after her stunning election victory, which will control about 60 percent of parliament. REUTERS/Sukree Sukplang
Thailand039s new Prime Minister Yingluck Shinawatra of the Puea Thai Party
Yingluck Shinawatra, husband Anusorn Amornchat (L) and son Supasek Amornchat pose for photographers during her birthday at their residence in Bangkok June 21,2011. Yingluck Shinawatra is the sister of toppled former Thai premier Thaksin Shinawatra and the prime ministerial candidate for the country's biggest opposition Puea Thai party. REUTERS/Sukree Sukplang
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