The Joint Standing Committee on Commerce, Industry and Banking says the flooding's impact will be minimal. The Federation of Thai Industries (FTI) asked its members to prepare necessary items, especially drinking water and flatboats, to help flood victims. Despite the baht run-up, the joint private sector committee is keeping the country's export growth forecast this year unchanged at 3.5-4.5%. But business performance, order books, production cost, and employment sub-indices were mostly unchanged from the previous month. "In addition, respondents exhibited a more optimistic outlook on production costs, especially in the manufacturing sector," said the report.

Source: Bangkok Post August 02, 2017 00:00 UTC