Floods have cost Thai Beverage Plc (ThaiBev), the country’s leading beer and spirits maker, several billion baht, the biggest financial loss for whisky billionaire Charoen Sirivadhanabhakdi in more than a decade. The damage comes from three areas: tangible assets, loss of business continuity and loss of new business opportunities both at home and abroad. Five […]
Tag Archives | Thai Flood 2011
Toyota eyes fast restart
Toyota Motor Corp will delay resuming operations in Thailand for 10 days, starting up Nov 21, says Akio Toyoda, president of Toyota. “We will try to start production as soon as possible, possibly on the 21st of this month, and then slowly increase our production capacity,” said Mr Toyoda. Though floods have not hit Toyota’s […]
GDP growth forecast to fall further
The Bank of Thailand will drop its growth forecast even lower for gross domestic product this year as the massive flood works its way through Bangkok and into Samut Sakhon. “How much [the Monetary Policy Committee] will decide to revise downwards the GDP figure on November 30 will depend on the latest estimated loss figures. […]
For Rojana, analyst sees two-quarter dip
Rojana Industrial Park Plc could see at least an 80% plunge in revenue over the next two quarters because of flooding, says an industry analyst. The SET-listed company has begun work to restore its heavily inundated industrial estate in Ayutthaya, where it plans to build a permanent dyke and four-metre floodwall in order to restore […]
Leading retailers ensure supplies through distribution alternatives
Major retailers have adjusted their logistics and distribution strategies to ensure their stores do not run out of essential commodities during the flood crisis. Suwit Kingkaew, senior vice president of CP All, operator of 7-Eleven convenience stores, said the company had temporarily opened about 100 small distribution centres in shophouses throughout metropolitan Bangkok. It has […]
Samut Sakhon factories still unprepared
Bangkok’s neighbouring province, Samut Sakhon, could experience a loss of as much as 150 billion baht as severe floods are expected to hit the province later this week and last about a month, says the Federation of Thai Industries (FTI). About 35 kilometres southwest of Bangkok, Samut Sakhon is home to nearly 5,000 factories with […]
Saving remaining estates
The Kingdom’s most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern part of Bangkok stringently, otherwise the losses from the devastating flooding will soon exceed Bt1 trillion. The current estimate is for losses of between Bt400 billion and Bt500 billion. After yesterday’s meeting of the Joint […]
A shopping desert
A shopping desert. Central Bangkok’s small merchants are in danger of going under despite the area remaining dry as customers disappear. While northern Bangkok and Thon Buri struggle underwater, the heart of the capital’s business and shopping district remains bone dry. But don’t say the flooding has not made itself felt _ small business owners […]
Japan firms to stay, want protection
Japanese companies are still confident about staying in Thailand but want the government to draw up a comprehensive plan to protect businesses from floods in the future. “We can say that Japanese investors will keep their investment and invest more in Thailand in the future, as this is a good place with infrastructure. In particular, […]
Bt5 billion for industrial parks to build flood barriers
The seven industrial estates that have been hit by severe flooding are expected to need loans of at least Bt5 billion to build barriers to prevent future flooding. Commerce Minister Kittiratt Na-Ranong said at a meeting yesterday with the Board of Investment, Federation of Thai Industries, Industrial Estate Authority of Thailand, Strategic Partners Association and […]
