Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Economy  >>   US$ 77.2 billion flood rehabilitation plan for Thailand
NEWS UPDATES Asean Affairs     11-12 November  2011

US$ 77.2 billion flood rehabilitation plan for Thailand

Prime Minister Yingluck Shinawatra on 10th November 2011 said the country's economic growth next year could expand within the range of 4.5- 5.5 per cent thanks to the government's post-flood rehabilitation plan which would play a key role in driving the economic recovery.
The premier addressed a meeting of the House of Representatives or the Lower House on her government's proposed budget for Fiscal Year 2012 of Bt2.38 trillion (US$77.2 billion) in spending, of which Bt130 billion is allocated for flood recovery and rehabilitation.
"Economic growth next year will still feel the pinch of the tremendous late 2011 flood-induced damage,” Ms Yingluck conceded, “but the government's rehabilitation plan as well as the public and private sector measures to help those affected would play a key role in driving the economic recovery, investment and employment as well as boosting domestic demand to expand steadily."
The inflation rate is projected to rise within a range of 3-4 per cent, she said.
However, Ms Yingluck's predecessor and main opposition leader Abhisit Vejjajiva argued that the government's proposed budget bill failed to reflect the country's real economic condition and urged it to scrap the populist policies pledged during its election campaign.  
Mr Abhisit also voiced concern and questioned whether the Bt120 billion allocated for post-flood rehabilitation could be well-spent in a transparent manner.
"The government lacks a clear strategy and planning with no explanation on how the implementation of its key policies would contribute to the country's recovery, namely the rice mortgage scheme, tax rebate schemes for first-time homebuyers and first-time car buyers," the Democrat party leader said.
He urged the government to review the priorities in its budget allocation in time of crisis.
"The government should focus on a strategy to ensure that people would get back to their normal life in parallel with rebuilding manufacturing industries," Mr Abhisit said.
Meanwhile, the Flood Relief Operations Centre (FROC) reported that as of Wednesday, 529 persons had died in flood-related deaths.

Two were still missing while 2,868,061 people were affected, as well as 24,110,000 livestock.

The flood response agency added 11,190,000 rai of farmlands were damaged by floodwater, 265 roads are impassable and 12 railway routes had to suspend services.

The remaining submerged 24 provinces are Bangkok, Prachin Buri, Nakhon Nayok, Chachoengsao, Kalasin, Maha Sarakham, Roi Et, Si Sa Ket, Ubon Ratchathani, Samut Prakan, Samut Sakhon, Nonthaburi, Pathum Thani, Nakhon Pathom, Suphan Buri, Saraburi, Lop Buri, Ayutthaya, Ang Thong, Sing Buri, Chai Nat, Uthai Thani, Nakhon Sawan and Phichit.

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    11-12 November  2011 Subsribe Now !
  • Indonesian industry galloping ahead of economy Subcribe: Asean Affairs Global Magazine
  • Fears of MNC’s dominating an integrated Asean   market Asean Affairs Premium


• “No Elections in Malaysia in 2011”, PM Najib  

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• US$ 485 million Asean Infrastructure Fund to start in 2012  

• US$ 77.2 billion flood rehabilitation plan for Thailand   

• Thai-Cambodia trade ties normal 


• New Thai-Lao Friendship Bridge to foster closer ties 

• ‘Philippines, Asia’s worst place for doing business’, WB Report

• ‘US$1.2 B software park project revoked in Vietnam metro

• ‘Myanmar needs to reform more, says Clinton 

Asean Analysis              9 November  2011

Advertise Your Brand
• Asean Analysis-November 9 Sponsor Our Events

Asean Stock Watch      10 November   2011

• Asean Stock Watch-November 10 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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand