webfact Posted June 9, 2023 Share Posted June 9, 2023 BANGKOK (NNT) - Private Sectors expressed concern that the Thai economy could be severely affected by extreme weather caused by climate change this year, urging all sides to prepare for natural disasters that could hinder the country’s agricultural and manufacturing sectors. The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) stated that manufacturers are currently concerned about the upcoming drought which is exacerbated by climate change. The disaster will result in water scarcity, which would restrict production and, consequently, impact exports, which have already been sluggish since the beginning of the year. According to reports from the Ministry of Commerce, Thai exports for the first four months of this year have decreased by 5.2% year-on-year to 92 billion US dollars. Meanwhile, imports fell 2.2% to 96.5 billion, resulting in a 4.51 billion dollar trade deficit. The JSCCIB said that a proposal was submitted to Prime Minister Gen Prayut Chan-o-cha last month with plans to tackle the drought and reduce the economic impact caused by water shortage. Meanwhile, companies have prepared risk management plans to cope with drought and flood problems. Some businesses are also collaborating with farmers to utilize innovative technology to conserve water supplies and maintain productivity. Despite these precautions, the JSCCIB stressed the significance of the government playing a significant role in mitigating the effects of these crises. It urged the government to consider the Federation of Thai Industries’ suggestions on measures to deal with the drought in a sustainable manner, as well as adapt its water resource development to align with national disasters in the coming years. by Krajangwit Johjit Full story: https://thainews.prd.go.th/en/news/detail/TCATG230609095539394 -- © Copyright NNT 2023-06-09 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. Link to comment Share on other sites More sharing options...
hotchilli Posted June 9, 2023 Share Posted June 9, 2023 3 hours ago, webfact said: Private Sectors expressed concern that the Thai economy could be severely affected by extreme weather caused by climate change this year, urging all sides to prepare for natural disasters that could hinder the country’s agricultural and manufacturing sectors. The fat cats have spoken... Link to comment Share on other sites More sharing options...
Yellowtail Posted June 9, 2023 Share Posted June 9, 2023 Looks like a good gig if you can get it... Link to comment Share on other sites More sharing options...
BritScot Posted June 9, 2023 Share Posted June 9, 2023 I can't read this cult nonsense. We used to laugh at the man in the street with billboard saying "The end is near". Since the 1940's the world had been going to freeze, burn up, no ice sheet to much ice now climate change (which is and always has changed. 40 to 0. Is the definition of madness believing this time!! Link to comment Share on other sites More sharing options...
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