Swift comeback seen for plants

Under a measure to help factories resume operation, the government will provide generators to power up machinery once water has been pumped out of each factory.
It will also urgently approve work permits for foreign experts to help repair damaged machinery. Many local banks have also confirmed that they will provide funds to help factories start operating as soon as possible.
The government will also encourage banks to provide soft loans for private enterprises and borrow money from overseas to facilitate the private sector and restore growth.
So far, many financial institutions such as the World Bank, and Asian Development Bank are ready to provide loans, he said, adding that there should be no worries about Thailand not being able to pay back the money because it should recover rapidly with cooperation from the private sector.
He added that the government would continue to promote domestic consumption using its populist policies such as increasing the minimum wage and helping first-time buyers of cars and homes.
However, he acknowledged that the heavy flooding had slowed down export growth since last month and it would continue to drop until the first quarter of next year.
Yet Kittiratt said he was confident that exports would gradually recover by March because many factories should be up and running soon.
He said the Export Promotion Department should urgently speak to trading partners and assure them that Thailand is well capable of serving their demands.
Meanwhile, the government is planning to revise the Kingdom