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An Additional Fund to Restore Flood-Hit Facilities and a Move to Restore Investor Confidence
The Flood Recovery and Restoration Committee on Infrastructure, chaired by Transport Minister Air Chief Marshal Sukumpol Suwanatat, has requested a budget of 12.98 billion baht for various agencies to restore flood-hit facilities.
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New Office to Be Established for Water Resources Management
The Government will establish the Office of the Strategic Committee for Water Resources Management to coordinate related plans, guidelines, measures, and budget allocations in an integrated manner. The new office will be under the Secretariat of the Prime Minister.
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Government’s Post-Flood Rehabilitation Cited as a Supporting Factor for the Thai Economy Next Year
The impacts of the current flooding are expected to bring down Thailand’s economic growth to 1.5 percent this year from the previous forecast of between 3.5 and 4 percent. However, the Government’s post-flood rehabilitation has been cited as a supporting factor for the country’s economic growth in the first quarter of next year.
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Thailand’s Tourism to Recover Quickly after the Flooding
The tourism situation in Thailand is likely to recover quickly after the flooding, which has eased significantly in many areas of the country, especially Bangkok.
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Government to Uphold Royal Advice for Flood Management
Prime Minister Yingluck Shinawatra said that the Government has agreed with the Advisor to the Strategic Committee for Water Resources Management, Dr. Sumet Tantivejkul, to uphold royally initiated guidelines for flood prevention and control.
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Japan and China Ready to Send Experts to Help in Thailand’s Flood Management
Japan and China have shown their readiness to send experts to help Thailand in flood management in the long run. Prime Minister Yingluck Shinawatra met leaders of the two countries at the ASEAN summit and related summits, held in Indonesia on November 17-19.
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ASEAN Statement on Flood Prevention Initiated by Thailand
ASEAN leaders have adopted a statement on cooperation in flood prevention, mitigation, relief, recovery, and rehabilitation, initiated by Thailand, which is among several flood-hit countries in the region.
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United Nations and United States Offer Flood Assistance to Thailand
United Nations Secretary-General Ban Ki-moon and US Secretary of State Hillary Rodham Clinton have offered assistance to Thailand to deal with the flooding, which was described as the worst in the nation’s history.
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Almost 18 Billion Baht Approved for Four Flood Recovery Projects
The Cabinet, during its meeting on November 15, approved a budget of more than 17.9 billion baht for four major projects to support flood recovery and the rehabilitation of infrastructure that has been damaged by the flooding.
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Decreasing Floodwaters Evident in Many Areas
Floodwaters are decreasing in many areas in Bangkok and the provinces, showing a sign of improvement in the overall flooding situation in Thailand.
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