28 Oct '11, 10pm

Bangkok braces for critical weekend, as Thai growth forecast cut (TODAYonline) #ThaiFloodEng

BANGKOK - The Chao Phraya River coursing through Thailand's capital swelled to record highs, as the Thai central bank yesterday slashed the beleaguered country's economic growth forecast by 1.5 percentage points to 2.6 per cent. Bangkok's 9 million residents are on heightened alert this weekend as a seasonal high tide is expected to coincide with the arrival of a mass of water from the flood-stricken central plains. Damage estimates of US$6 billion (S$7.45 billion) could double if floods swamp Bangkok. Yesterday, a Japanese government spokesman said that Tokyo will allow thousands of Thai workers employed by Japanese firms to work in Japan for the time being - after requests by Japanese firms looking to boost output at home to offset lost production in Thailand. As an "emergency and temporary measure", Thai workers will be allowed to stay in Japan for up to six months. Tha...

Full article: http://www.todayonline.com/World/EDC111029-0000194/Bangko...

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