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Floods in 33 provinces cause damage estimated at ฿30Bn - TCC

Floods in 33 provinces cause damage estimated at ฿30Bn - TCC

13 Sept 14:11 Key points summarised by AI
  • The Thai Chamber of Commerce (TCC) estimates flood damage in 33 northern provinces at ฿30 billion, impacting agricultural, industrial, and service sectors, accounting for 0.17% of GDP.
  • Agricultural land sustained the most significant damage, estimated at ฿24.5 billion, followed by the service sector at ฿5.12 billion, while the industrial sector experienced minimal impact due to preparedness.
  • Chiang Rai, Phayao, and Sukhothai were identified as the three worst-affected provinces, with estimated damages of ฿6.4 billion, ฿3.2 billion, and ฿3 billion, respectively.
  • TCC officials urged the government to implement proactive measures to mitigate future flood impacts and to review its infrastructure and water management strategies to address increasingly frequent and extreme flooding and drought issues.
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Economy 1/1
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