ASEAN KEY DESTINATIONS
Cost of flooding continues to mount
The costs and worries of Thailand’s current flooding are beginning to mount as the Stock Exchange of Thailand opened down almost 22 points this morning.
The floods and slowing global economy will likely trim earnings growth of Thai-listed companies to as low as 7 percent in 2012, says Kim Eng Securities.
The Flood Relief Operations Command (Froc) has received low marks from the public for issuing confusing and sometimes contradictory statements on the flooding.
Total costs of the flood continue to rise as the waters have not dissipated and may still enter central Bangkok.
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