Impact on assets
Theme Impact 1
Off-coverage companies
Related news
2
Paradorn Prisananantakul, Minister attached to the Prime Minister's Office, said the government is ready to take responsibility for assisting people affected by flooding during the policy transition period. Through fiscal year 2026, or before October 1, 2026, it is the government's duty to compensate the public using the central budget, and he confirmed that sufficient funds are available. For assistance from fiscal year 2027, or from October 1, 2026 onward, the Cabinet resolved on September 15 to approve the purchase of household insurance for every household nationwide, more than 30 million households, with a total value of 15.5 billion baht. The Office of the Insurance Commission is rushing to sign the policies in time for October 1. The assistance is divided into two parts, totaling 100,000 baht per household: an immediate relief payment of 10,000 baht within 7 days once a province is declared a flood area, and after the water recedes, insurance companies will survey the damage and pay an additional 90,000 baht per household based on actual losses. For agricultural areas, this falls under the Ministry of Agriculture and Cooperatives according to existing disaster relief criteria. Paradorn also said he has instructed the Royal Irrigation Department and relevant agencies to manage the water situation in the central region, which is expected to reach its critical and peak period this week, using a fishbone water management approach that avoids affecting downstream areas too much and delays the release of water into fields where harvesting is not yet complete.
▲2
Sumitomo Mitsui Banking expands disaster-prevention loans, first in Japan to meet international standard
Sumitomo Mitsui Banking announced on the 25th that it will expand lending for corporate spending on disaster prevention and climate change measures. As natural disasters caused by climate change, such as heavy rain and floods, increase, the bank aims to support investment in flood-proofing buildings, installing emergency power sources, river improvement, cooling equipment, and developing crops suited to climate change. The bank became the first Japanese financial institution to obtain an opinion from the UK-based nonprofit Climate Bonds Initiative, which promotes such investment, stating that its sustainable finance framework conforms to international standards. This makes it easier for companies to show investors that they are working on disaster prevention and climate change measures if they receive loans through the bank's framework. It also signed a memorandum with the Climate Bonds Initiative together with SMBC Nikko Securities to share knowledge on climate-related standards and evaluation methods and expand the supply of funds to the disaster prevention field. Sumitomo Mitsui Financial Group aims to handle 50 trillion yen in sustainable finance by fiscal 2029.
2
Bangkok races to drain main canals ahead of heavy rain on September 24-27; northern runoff not yet critical
Bangkok Governor Chadchart Sittipunt inspected the water situation at the Phra Khanong pumping station on the evening of September 23, 2026, and instructed agencies to prepare for heavy rain between September 24 and 27, which may be heaviest over the weekend. He said the Chao Phraya Dam is currently releasing about 1,700 cubic metres per second, below the critical level of 3,500 cubic metres per second. The water level in the Chao Phraya River stands at about +1.50 to +1.80 metres, while Bangkok's flood barriers are 2.80 metres high, leaving a safe margin. Bangkok will speed up draining water from its main canals, including Lat Phrao, Prem Prachakon, Saen Saep and Prawet Burirom, to push canal levels as low as possible and increase rainwater storage capacity as a monkey-cheek reservoir, and will divert water to Nong Bon Lake, which has a capacity of about 5 million cubic metres, before releasing it into the Chao Phraya River and the Gulf of Thailand through the Phra Khanong pumping station, which has a combined pumping capacity of 205 cubic metres per second. The city is also addressing risk points at mass transit construction sites, such as Khlong Na Song on the Orange Line, where additional pumps have been installed. It is accelerating the demolition of structures encroaching on canal banks, such as the Rong Si community, and dredging in front of the Phra Khanong pumping station to a depth of -4.5 metres. Staff will be stationed at pumping centres, along with mobile pumping trucks, municipal enforcement officers and public service units operating around the clock.