Business group offers aid to Taiwanese flood victims in Bangkok

Bangkok, Oct. 26 (CNA) The Thai-Taiwan Business Association (TTBA) established a relief aid network Wednesday to provide assistance to Taiwanese enterprises and expatriates in Thailand affected by the flooding here. The aid will range from information updates on the flooding, to emergency relief and post-disaster reconstruction, the association said. The network is made up of three teams, with each one assigned different tasks, TTBA Chairman Chang Feng-hao said. One of the teams is responsible for obtaining as much information as possible on the flood situation and disseminating it to Taiwanese businesses operating in Bangkok, Chang said. The other two teams will offer emergency aid and reconstruction assistance to flood victims, he said. The association has already activated its trust fund, which will allow flood-hit Taiwanese businesses to obtain low-interest loans of up to US$1.5 million each, he added. Thailand is experiencing its worst flooding in 50 years, with seven major industrial zones throughout the country under water. According to the TTBA, around 20 Taiwanese businesses have reported damage. (By Namita Lin and Elizabeth Hsu)