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    Bangkok Chief Calls on Police to Defend Dikes

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    hurricanemaxi
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    Posts : 34
    Join date : 2011-08-10

    Bangkok Chief Calls on Police to Defend Dikes

    Post  hurricanemaxi on Wed 02 Nov 2011, 3:14 pm

    Bangkok Governor Sukhumbhand Paribatra ordered police to protect a levee on the city’s outskirts after thousands of people damaged the floodgate, threatening inner parts of the Thai capital.

    “The gate needs to be urgently fixed otherwise the floodwater would cause heavy flooding” in eastern Bangkok near industrial estates where international manufacturers are located, he said on his website last night. “There are a number of people who are trying to obstruct the fixing of the floodgate.”

    Residents living near Sam Wa canal in northeastern Bangkok destroyed part of a levee so water would flow out of their neighborhood, television images on the Thai PBS television channel showed. The canal is north of Bang Chun and Lat Krabang industrial estates, home to factories operated by Honda Motor Co., Unilever and Cadbury Plc, and connects to a canal that runs near downtown business areas.

    Bangkok officials are struggling to maintain a system of dikes, canals and sandbag barriers designed to divert water around the city center. Floodwaters that spread over 63 of Thailand’s 77 provinces over the past three months have killed 427 people and shuttered 10,000 factories north of Bangkok, disrupting supply chains across Asia.
    Forecast Slashed

    The Bank of Thailand, which last week slashed its 2011 economic growth forecast to 2.6 percent from 4.1 percent, expects expansion to slow as the global economy weakens and the impact of the nation’s flood crisis increases, according to the minutes of its Oct. 19 meeting released today. Thailand’s inflation rate held above 4 percent for the seventh straight month in October as food costs climbed, government data released yesterday show.

    Members of the Bank of Thailand’s Monetary Policy Committee “were concerned about the impact of the still-evolving flood situation, especially on production in key export sectors including rice, automobile, electronics and electrical appliances, as well as tourism, all of which were already feeling the effects of a weaker global economy,” said the minutes.

    Emerson Electric Co. (EMR), a U.S. maker of electrical products, will see “more significant” supply disruptions from the Thai floods than from Japan’s March 11 earthquake and tsunami, Chief Executive Officer David Farr said on a conference call yesterday. Honda, Japan’s third-largest carmaker, abandoned its full-year profit forecast earlier this week on the floods.
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