Thailand’s worst flooding in memory has caused damage to almost 10,000 factories, forcing some 660,000 employees temporarily into unemployment, according to Deputy Industry Minister Suphap Kleekachai.
Mr Suphap said that a total of 9,859 factories have closed – both inside and outside the industrial estates affected by the worst flooding — while the disaster has affected at least short-term and perhaps longer-term unemployment for 660,000 workers who were employed by the factories. Seven industrial estates in Ayutthaya and Pathum Thani — Saha Rattana Nakhon, Bang Pa-in, Rojana, Hi-Tech, Factory Land, Nava Nakorn and Bangkadi — were earlier forced to close due to the deep floodwater.
9,859 factories have closed, 660,000 workers unemployed
Lat Krabang Industrial Estate in Lat Krabang district and Bangchan Industrial Estate in Min Buri district are on high guard to fight the deep floodwater expected to flow into the areas in the next few days.
He said 838 factories in the seven industrial parks and estates in Ayutthaya and Pathum Thani were hit by the flood and that 382,693 workers were unemployed which caused direct damage of nearly Bt500 billion, while indirect damage could add another Bt300 billion to the losses.
Mr Suphap said the ministry would set up a working group to inspect all factories to evaluate the damage incurred. Details and exact costs of the collective damages wil be submitted to the government for its consideration of extending assistance.
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Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
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