Thai southern floods cause huge damage to industries: FTI

08:40, April 13, 2011      

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The floods devastating Thailand's southern region since March 23 have inflicted approximately 8-10 billion baht (266-333 million U.S. dollars) in damage to industrial entrepreneurs, according to the Federation of Thai Industries (FTI).

FTI Chairman Payungsak Chartsutipol said on Tuesday that the floods engulfing 10 southern provinces affected small-medium sized entrepreneurs as well as large-scale business operators more severely than previous floods.

The natural disaster mainly impacted industries in sawmills, processed foods production, palm oil refineries and fisheries.

The damage included factories, industrial machinery and goods in warehouses and advanced purchase orders which could not be delivered on schedule.

However, Payungsak said customers understand that the delivery and exports of goods may be delayed due to the natural disaster.

Regarding government assistance to flood-affected people, PM's Office Minister Satit Wonghnongtaey, in his capacity as chairman of the National Flood Relief Coordination Center, said the number of houses destroyed by floods in the South is still rising but initial damage was estimated at about 500 homes including Surat Thani province.

The center has set up a working group scheduled to visit flooded areas on April 16-18 to gather information and listen to the need of the affected. Some villagers wanted to have new homes in the same places, but others wanted new homes as their damaged homes were located in flood-prone areas.

The information will be considered during the meeting on April 19 to find out appropriate measures to help flood victims.

It is estimated that 200 million baht (6.65 million U.S. dollars) is needed to repair damage. The committee now has over 100 million baht (3.32 million U.S. dollars) in hand and the rest will be sought from donations, Satit said.

The committee will ask the Cabinet for an initial budget of 940 million baht (31.24 million U.S. dollars) for the Department of Highways and the Armed Forces Development Command for repairing damaged roads, particularly in Nakhon Si Thammarat, Surat Thani and Krabi, he added.

Source: Xinhua
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