UTCC: Bangkok residents believe flood devastation will reoccur this year

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BANGKOK, 28 September 2012  – Most Bangkok residents are not confident in the government’s flood management measures, believing that flood devastation will reoccur this year; according to The University of Thai Chamber of Commerce (UTCC)’s survey. 

The Center for Economic and Business Forecasting (CEBF) of the UTCC has revealed the results of its survey on people’s opinions toward the flood preparation, which suggested nearly half of the respondents were very worried that they would be in for another flood devastation this year.

According to the poll, residents in Bangkok and its vicinities believed they would face as severe flooding as the one they did last year. They saw that the government’s flood preparation was ineffective, and asked the authorities to assign only one central agency to be in charge of announcing warnings and receiving complaints.

The CEBF also revealed people’s opinions on product prices, saying 60% of them saw a slight rise in the prices, while one-third of them felt that the prices remained unchanged. Most also agreed with the price-pegging policy, but said the government could raise consumer product prices gradually, if necessary, to assist many people on low incomes.