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.
A surge of water caused a 20-meter (65-feet) breach in a levy protecting a canal used for tap water that feeds downtown areas in the city of 9.7 million people, Chareon Passara, governor of the Metropolitan Waterworks Authority, told reporters today. Authorities have since managed to control the overflow, he said.
“We have to drain the water into the sea as much as we can,” Prime Minister Yingluck Shinawatra told reporters in Bangkok today. “As there are massive amounts of water, we can’t control its direction. We will empty it through our drainage networks at the maximum capacity.”