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Thailand

Thailand flood update

Bangkok residents are fleeing the city after the Thai government called an emergency five-day holiday and urged people in flood areas to leave the capital.

Many citizens have made their way out of the city to surrounding beach towns such as Phuket and Pattaya.

  • Regulators say the stock exchange will remain open, but financial institutions in Bangkok are facing increasing strain as more staff take leave due to the floods. The Association of Securities Companies estimates 10 percent of the marketing staff and analysts working in the sector have already taken leave.
  • The Thai Chamber of Commerce appeals to the government to protect Bangkok from floods to maintain investor confidence, and to fund rapid rehabilitation of the economy.
  • If flooding persists into November, revenue losses to the tourism sector could reach almost 17 billion baht, says the Tourism Authority of Thailand.

More information at the Bangkok Post. The Atlantic website has an excellent photographic slideshow of the flood waters in Bangkok.

 


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About Samantha Magick

Journalist and editor

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