Sign up | Log in



Home  >>   Daily News  >>   Thailanda News  >>   Economy  >>   Floods shrink Q4 2011 Thai exports by 30%
NEWS UPDATES Asean Affairs     23-24 November  2011

Floods shrink Q4 2011 Thai exports by 30%

Thailand's ongoing flood crisis is forecast to slash 30 per cent of the number of export containers to be shipped overseas in the fourth quarter of this year, posting the deficit of Thai exports during this period, according to Thai National Shippers' Council (TNSC) Chairman Paiboon Ponsuwanna.

IT items, hard disk drives, electronic circuit boards and vehicle spare parts are the merchandise affected, as seven industrial parks in the country's central provinces have been under water. Rubber was impacted as well, for a decrease in rubber demand was seen in the world market.

He said the ongoing flood situation has created a business loss of Bt350-400 billion, or 3-3.5 per cent of the country's gross domestic product (GDP).

However, the shippers' group viewed that economic growth in Q4 should be positive at about 0.5-1 per cent as he was confident that the Bangchan and Lat Krabang industrial estates in the eastern part of Bangkok would survive floods.

Mr Paiboon said Thai exports this year would expand 15-17 per cent, thanks to export growth of 15 per cent in Q3, while exports in 2012 in Q1 and Q2 would slow down and were projected to grow 9 per cent as a result of the flood crisis and economic problems in the United States and Europe.

The Thai National Shippers' Council asked the government to boost Thailand's economy by selling government bonds or borrowing from overseas in order to rehabilitate basic infrastructure, while asking public and commercial banks to provide a debt moratorium for the private sector who were flood victims.

TNSC also proposed exemptions for value-added taxes and import duty for raw materials and machinery, while asking the Yingluck administration to help restore flooded plants and industrial parks as soon as possible and speed up estimate entrepreneurs' losses and compensation.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    23-24 November  2011 Subsribe Now !
• Google Malaysia to rope in 50,000 SME’s online   Subcribe: Asean Affairs Global Magazine
Sharp fall in profits in Q3 2011 for Air Asia   Asean Affairs Premium

• Vietnam and Russia agree to double trade

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Russian firm in hunt for gas in Vietnam     

• Floods shrink Q4 2011 Thai exports by 30%         
  Floods lower 2011 Cambodia GDP growth 
• $100 Million Malaysian Bio Tech Fund launched 

• Asean Summit benefits Indonesia  

• Philippines Ayala Land, Mitsubishi in energy 
• ASEAN Science and Technology      
• Shell may be back in Myanmar   

Asean Analysis             25 November   2011

Advertise Your Brand
• Asean Analysis-November 25 Sponsor Our Events

Asean Stock Watch      21-22  November  2011

• Asean Stock Watch-November 21-22 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand