Thai flood damage estimated at $227m, industry federation says
A man reacts looking at a partially submerged vehicle in a flooded area in Bangkok, Thailand, Sept 28.
PHOTO: Reuters
BANGKOK — Thailand's industrial sector has suffered damages worth an estimated six billion baht (S$227 million) from floods that have swept through parts of the country since last month, a Federation of Thai Industries official said on Wednesday.
Despite disruptions, automotive assembly plants currently have enough parts in stock to continue production until Oct 12, FTI Secretary-General Panitarn Pavarolavidya said in a briefing.
Last week, the FTI's initial damage assessment of the flooding in the capital Bangkok and 14 other provinces stood at around one billion baht.
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