10 Feb '12, 11am

Impact of Thai floods continues to affect firms

Impact of Thai floods continues to affect firms

Ayutthaya Province, THAILAND: Businesses in central Thailand are still feeling the economic fallout from last year's devastating floods. Some are preparing for the fast approaching rainy season. Executives are taking no chances after 250 factories were inundated putting 200,000 people out of work and disrupting global supply chains of electronics and auto parts. Nipit Arunvongse Na Ayudhya, managing director, Nava Nakorn Public Co. Ltd, said: "The government know how to solve the problem. The only thing is that if all the politicians all agree and react in time or not. That's what we're going to see. I don't want to to hear about the plans anymore. I think me and other factories want to hear that when you're going to start, when it is going to finish, what will be done." Digging has started on some private flood defenses in case the government isn't able to manage overflow...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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