Firms in Northern Thailand Struggle with Flood Damage
Businesses in North and Northeast Thailand are contending with severe floods, impacting operations. TCP Group is aiding affected stores, Central Food Retail is monitoring the situation, and Thai Samsung Electronics offers repair services in five provinces. The Thai Retailers Association estimates damage at over one billion baht and calls for government relief measures and sustainable water management plans.
Businesses in North and Northeast Thailand are facing severe floods, significantly affecting operations.
TCP Group's subsidiary, Durbell Co Ltd, is helping affected stores relocate stocks and offering credit terms and discounts.
Tops grocery stores, operated by Central Food Retail Co, are monitoring flooding but report no direct damage to their outlets.
Thai Samsung Electronics Co Ltd provides a repair service for electrical appliances in five impacted provinces: Chiang Rai, Phayao, Nan, Phrae, and Sukhothai.
The Thai Retailers Association estimates retail sector damage at over one billion baht and calls for government relief measures, including a debt moratorium and tax exemptions.
Long-term water management plans are essential to mitigate future disasters, urges the association.