Thai Prime Minister Yingluck Shinawatra dropped Commerce Minister Boonsong Teriyapirom from the Cabinet following criticism that a policy to buy rice at above-market rates jeopardized the country’s fiscal position.
Thai Prime Minister Yingluck Shinawatra said Bangkok will be spared from floods that have killed almost 300 people and devastated areas north of the capital after defenses on the Chao Phraya river were bolstered.
Thailand’s government said it is losing the battle to protect Bangkok from rising floodwaters, and plans to open evacuation centers in eight provinces as the deluge forces more residents to give up their homes.
Sharp Corp., Japan’s No. 1 liquid- crystal display maker, expects floods in Thailand to hurt sales as Hynix Semiconductor Inc. said the disaster may trim computer shipments in the first quarter of next year.
Thai Prime Minister Yingluck Shinawatra said officials will have to let more water into Bangkok to appease residents from flooded districts who have held daily protests against measures to protect the inner city.
Thailand’s government said water levels rose further on Bangkok’s outskirts and may overwhelm defenses, raising concern that the nation’s worst floods in more than 50 years may spread to new areas of the capital.
Thailand’s government warned that floodwaters may reach parts of inner Bangkok, sending stocks and the baht lower as the government struggles to control a deluge that has inundated thousands of factories.
Thai Prime Minister Yingluck Shinawatra plans to win back confidence in her 12-week-old government with a reconstruction package after Bangkok residents blamed her for an inadequate response to the country’s worst floods since 1942.
Bangkok Governor Sukhumbhand Paribatra appealed for more than a million sandbags to prevent flooding in the Thai capital as a “huge amount” of water from northern dams threatens to deluge inner parts of the city.