11 Apr '11, 11am

Thai floods may cost govt US$300m

Thai floods may cost govt US$300m

SURAT THANI, Thailand: The economic cost of southern Thailand's worst flooding in decades -- which is expected to impact the kingdom's Gross Domestic Product (GDP) -- could be more than US$300 million. The floods have devastated more than 100,000 homes and livelihoods of Thais living in southern Thailand. Palm oil and rubber plantations are still waterlogged and won't be viable for many more months. The Thai Air Force and Marine Police crew members run daily relief missions to places like Phun Phin District in Surat Thani. Floodwater has covered the village, turning it into a lake. The affected villagers, many of whom grow oil palm, wade or row boats through floodwater to get government assistance of rice, water and personal items. It will keep them going, but rebuilding will take much more. Palm grower Boontham Dangkaew said: "I grow palm trees on a 15 rai plantation. "Th...

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

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