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Home  >>   Daily News  >>   Thailand News  >>   Economy  >>   Flood hit Thai SME’s to recover by mid 2012
NEWS UPDATES Asean Affairs     28-29 November  2011

Flood hit Thai SME’s to recover by mid 2012

BANGKOK, Nov 26 - Industry Minister Wannarat Channukul said the recovery of flooded small and medium-sized entreprises (SMEs) was expected by the middle of next year.

He spoke after presiding over his ministry's seminar on the voluntary restoration of flooded SMEs, stating that there were at least 550 entrepreneurs in 31 provinces registered with Department of Industrial Promotion under the rehabilitation programme after the flooding crisis as of Nov 25.

Estimated damages for about 200 SMEs which have registered for rehabilitation was more than Bt100 million, while an estimated figure on the losses of the entire industrial sector from floods was initially pegged at over Bt60 billion.

The industry's restoration project for SMEs is divided into two parts and will run until April next year.

The first part concerns business processes, which includes business and marketing plans, management systems, locating distribution channels, and business groupings.

The second part covers restoration on production processes, focusing on machinery repair and production equipment along with improving plant plans and seeking measures for future flood prevention.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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