17 Oct '11, 5pm

Thai PM says floods costs to top US$3.3b

Thai PM says floods costs to top US$3.3b

BANGKOK: The Thai premier on Monday said reconstruction from massive floods swamping vast swathes of the country is expected to cost the government over $3.3 billion - a fifth more than previously estimated. Fears for the capital Bangkok appeared to have eased as authorities battled to contain Thailand's worst flooding in decades, which has claimed over 300 lives, swallowed homes and shut down industry. But Prime Minister Yingluck Shinawatra warned: "The original budget to support the recovery of both the industrial and agricultural sectors is not likely to be enough." Speaking at the disaster response headquarters at Don Muang Airport in northern Bangkok, she said the budget, which does not include water management costs, was now expected to exceed 100 billion baht ($3.3 billion). The previous budget was $2.6 billion. Three months of heavy rains have deluged about one thi...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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channelnewsasia.com 19 Oct '11, 5am

The Pratunam pier in downtown Bangkok is near deserted as the city prepares for approaching floodwaters that's supposed to...