Saturday, March 3, 2012

Ex-Thai PM eyes economic rebound after floods

TOKYO (AFP) - Former Thai prime minister Abhisit Vejjajiva said on Friday he expects the kingdom's economy to rebound in the first quarter of 2012 as firms increase output following last year's devastating floods.
Mr Abhisit made his comments on a visit to Japan where he had been meeting industry leaders as part of a drive to reassure businesses thinking of fleeing the country as a result of the disaster.

Among those whose businesses suffered when heavy rains brought chaos to swathes of the country was car giant Honda, which was forced to suspended operations at one of its factories in October.
The plant in central Ayutthaya province lost more than 1,000 cars when they were submerged in the muddy waters that also swamped Bangkok, an image Mr Abhisit said became 'the symbol of the industrial damage from the flooding'.

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