Energy Minister Pichai Naripthaphan said that the flooding situation in Bangkok is likely to persist for one month, while the water level in the city is expected to begin to subside after the middle of November.
Minister Pichai said that various affected factories would resume their operations within the next three to four months.
The Government has rehabilitation plans to bring quick recovery to industrial estates whose operations and facilities have been damaged by the flooding. If the factories needed to replace their devices and equipment, they would be encouraged to turn to energy-saving ones.
He said that 140 water pumps would be used to drain water out from the Saha Rattana Nakorn Industrial Estate and the Rojana Industrial Park in Ayutthaya province on November 10. Water drainage in other industrial estates would also be accelerated. As for the affected people, he said, the Government has prepared a comprehensive rehabilitation plan to assist them.
Regarding flood control in Bangkok, the Flood Relief Operations Center revealed that the six-kilometer-long barrier, or the “Big Bag” floodwall, which had been set up recently, would help slow down the flow of water from the north of Bangkok to a certain extent. This would also enable the Bangkok Metropolitan Administration to drain water more efficiently. The setting up of the Big Bag floodwall is also being considered in Bang Kruai to slow down the water flow in the western side of Bangkok.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.(more…)
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