Tue, Oct 18, 2011 - Page 5 News List

Thai industrial park evacuated

MOUNTING COSTS:Finance Minister Thirachai Phuvanatnaranubala said the floods were likely to cut economic growth this year by around 1 to 1.7 percentage points


He added that water levels would be “stable” from now on, easing fears over a seasonal high tide that will make it harder for water to flow out to sea.

The next high tide period will be between Oct. 28 and Oct. 30, officials said.

However, irrigation department director general Chalit Damrongsak said the situation remained critical as water from low-lying areas north of Bangkok still needed to drain to the sea.

“It is not over,” he said when asked about the crisis.

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