Flash floods hit Thailand’s southern provinces
Several southern provinces have been hit by flash floods, triggered by heavy rain with one death reported in a storm-related road accident in the Andaman coastal province of Krabi.
Several southern provinces have been hit by flash floods, triggered by heavy rain with one death reported in a storm-related road accident in the Andaman coastal province of Krabi.
Flooding in Ranong extends to five districts with no sign of abating while more flash floods and rains continue. The governor met Wednesday morning with agencies concerned to assess the situation to help local residents.
In Krabi, storms hit several areas, damaging scores of houses and crops in the provincial seat.
One death was reported as a motorcycle crashed into a felled tree on a road.
A thousand small fishing boats in Satun have stayed ashore for a week due to strong winds and 2-3 metre waves in the Gulf of Thailand. Some seaside houses were damaged by smashing waves.
In Chumphon, Phinit Charoenpanit, governor reported the flood situation has extended to five districts and warned fishermen to beware of rough sea until the end of this week as rainfall continues.
A 200-metre portion of Asian Highway 41 in Sawi district is under 30-50cm water and is impassable for small vehicles.
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.
In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes.
Economics
Developing Asia growth set to rebound to 7.3% in 2021 (ADB)
Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection for the Thai economy this year from 2.6 percent to 1.8 percent. However, ADB’s forecast for Thailand growth in 2021 remains set at 3% (and 4.5% in 2022).
MANILA, PHILIPPINES (28 April 2021) — Economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).
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