Floods will “never again” disrupt business in Thailand, says PM

7 years ago by in Featured, South East Asia

Floods will never again become a problem for foreign investors who do business in Thailand, promised Thai prime minister Yingluck Shinawatra during a meeting with her Japanese counterpart Yoshihiko Noda in Tokyo.

About ten percent of the Japanese companies present in Thailand said they were planning to leave the country after last year’s flooding which disrupted supply chains and cut deep into profits.

The Thai PM said that the government is reacting quicker in assisting affected factories to recover to their normal operations as soon as possible. It also created a special fund to contribute to disaster insurance for companies, she said.

“I have reaffirmed to the Japanese government and business leaders that the Royal Thai government is committed to ensuring that the devastation caused by such disasters will never happen again,” Shinawatra said.

Noda confirmed that the two countries remain strategic partners and said that Japan and Thailand “agreed to enhance cooperative relations in the areas of space, railway and information computer technology development at a time that Thailand needs to build infrastructure following the floods.”