11 Oct '11, 8am

Thailand tallies rising cost of nationwide floods

Thailand tallies rising cost of nationwide floods

Thailand is counting the multi billion dollar cost of nationwide flooding that has killed nearly 270 people and may yet cause more havoc as waters threaten to engulf the country's capital. -- PHOTO: AP BANGKOK (AP) - Thailand is counting the multi billion dollar cost of nationwide flooding that has killed nearly 270 people and may yet cause more havoc as waters threaten to engulf the country's capital. A preliminary estimate by the central bank says economic losses from flooding that began in late July already range from 60 billion to 80 billion baht (S$2.49 billion to S$3.32 billion). That figure doesn't include damages to assets or reconstruction costs and is expected to rise as the flood waters surge toward Bangkok. Officials say some 2.9 million acres (1.1 million ha) of rice fields are damaged. Local media report that hundreds of Honda Motor Co. vehicles are submerged...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-1...

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