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


About Antoni Uni

I am born in Haarlem, the Netherlands, and went to Spain, l'Escala - Costabrava, in 1988. After 15 years I made a mistake and went travelling in S.E. Asia. and in 2005 I dropped down in Bangkok where I still live. Mijn website met foto's is:
This entry was posted in Thai general news, Thailand flood-catastrophe 2011 and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s