ASEAN KEY DESTINATIONS
Thai industry damaged by floods
The government has about 2 million tonnes of rice in its stocks, down from 6 million early in the year.
Preliminary estimates by the Agriculture Ministry show the floods damaged 5.3 million rai, most of it rice land.
Output from the main rice crop may decline by 1.5 million tonnes from 23 million last year. Total flood-related damages are estimated between 9.1 billion and 24 billion baht, trimming GDP growth this year by 0.1 to 0.2 points to between 6.8 percent and 6.9 percent.
Witoon Simachokedee, permanent secretary for the Industry Ministry, said its survey of ministry offices in 75 provinces showed 165 factories affected by the floods, 51 small and medium enterprises and 16 Otop producers.
The damage from flooding in 17 central provinces stood at 50.7 million baht, in eight northern provinces at 52 million, and in seven northeastern provinces at 4.3 million baht.
Mr Witoon said the ministry was considering tax exemptions for factories located in provinces affected by the flood.
The president of the Thai Automotive Industry Association, said car distributors had pledged to lower prices of auto parts by 25-30 percent and motorcycle parts by 50 percentto help owners whose vehicles were damaged.
Comment on this Article. Send them to email@example.com
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