Businesses lost Bt1.3 trillion to floods: PM (Thailand)

Flooding has cost the Thai private sector Bt1.3 trillion in lost revenues and damage to property, Prime Minister Yingluck Shinawatra told a Bangkok conference yesterday.

The country’s industrial output has dropped drastically in the last three months, Yingluck said in a speech to a workshop at the National Defence Studies Institute, without citing specific sources.

In the speech, titled “Roles of the government and private sectors in national security”, Yingluck said systems were needed for dealing with both natural and manmade threats to create a foundation for national, social and political security.

Financial and social security could be ensured by adhering to the philosophy of selfsufficiency, while quick recovery in the industrial sector would be essential in restoring economic growth, she said.

Read more in The Nation

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