Friday, October 7, 2011

BLOOMBERG: Thailand Floods Reach Crisis Level, Threaten Bangkok, Prime Minister Says

Thailand’s worst floods in more than half a century have reached a “crisis level” and threaten to swamp the capital, Bangkok, as early as next week, Prime Minister Yingluck Shinawatra said.
“This will have a direct impact on Bangkok,” Yingluck said late yesterday in a nationally televised address. “We have to admit that this is more serious than in the past.”

Flooded Factories

More than a hundred factories producing auto parts, food and electronics have temporarily closed, according to the Federation of Thai Industries.