1,571.62SET index · Oct. 2 close · +0.49%

DailyDrop.

33.58USD/THB · domestic close, Oct. 2 · —
SET1,571.62▲0.49%10/2USD/THB33.58-10/2S&P 5007,722.72▲0.73%10/2WTI$91.11▼1.90%10/2Gold$4,162.30▼1.00%10/2
Disasters · FloodsPress ✓ 6 outlets · figures from the DDPM

Floods hit 3.26 million people in 27 provinces and Bangkok; prime minister orders 9,000-baht relief paid faster

The Department of Disaster Prevention and Mitigation reported on Oct. 4 that 1.17 million households are affected. Water levels in Rom Klao and Lat Krabang have fallen by about 50 cm, but the country must still prepare for a new round of heavy rain.

Nation Thailand reports that the Department of Disaster Prevention and Mitigation (DDPM) summarized the situation as of Oct. 4: flooding remains in 27 provinces and Bangkok, covering 154 districts, 1,209 sub-districts and 8,790 villages. About 3.26 million people, or 1.17 million households, are affected. The DDPM gives the cause as continuous heavy to very heavy rain, together with large volumes of water flowing down from the North. DailyDrop has not found a cumulative death toll that several outlets confirm in agreement at this time, so we do not state one.

On Oct. 4, Prime Minister Anutin Charnvirakul chaired a meeting of the National Disaster Prevention and Mitigation Command Center by video conference from Buriram province and gave four urgent orders: speed up damage assessments so that households can receive 9,000 baht in assistance each; clean up areas where the water has receded; restore electricity, water supply, roads and telecommunications; and prepare for heavy rain in the South (Nation Thailand, Pattaya Mail, Thai PBS). Thai media report that the prime minister said the situation in the Northeast (Isan) is under control, but the provinces surrounding Bangkok remain badly hit.

In Bangkok, Governor Chadchart Sittipunt said water levels in Rom Klao and Lat Krabang have fallen by about 50 cm after continuous pumping, vehicles can now reach and leave the shelters, and he expects the situation to improve clearly on Monday. The main problem remains the slow-draining Prawet Burirom Canal (Nation Thailand). The Rajaprajanugroh Foundation sent 200 royal relief bags to the Kheha Rom Klao community (Pattaya Mail).

What to watch is the rain. Thai PBS reports an order for the South to guard against heavy rain from Oct. 4 to 14, while Pattaya Mail gives the window as Oct. 4 to 7, and 14 governors are to prepare incident command centers and get ready to declare disaster areas in advance. Today, watch the warnings from the Office of the National Water Resources (ONWR) and the stock market open, where investors will look at the economic impact.

Open the story and DailyDrop’s take
By the numbers
3.26 millionPeople affected as of Oct. 4 (DDPM)
27 + BangkokProvinces still under water
9,000Baht per household in flood assistance
Economy · BusinessPress ✓ 4 outlets · figures are preliminary estimates

FTI sets up a war room and puts preliminary damage at 1.02 billion baht, while BOT confirms the IMF–World Bank meetings go ahead

The Federation of Thai Industries (FTI) has opened a three-phase war room to coordinate flood response and will ask the government for low-interest loans, tax relief measures and eased penalties for late deliveries. Members’ damage over Sept. 24–30 is put at 1.02 billion baht as a preliminary estimate, from a partial survey in Bangkok and 14 provinces (Nation Thailand, Asia News Network).

The Bank of Thailand (BOT) said it cannot yet put a figure on the effect on GDP because the situation is not over. Damage is concentrated in services and small enterprises, and it does not expect disruption to the IMF–World Bank Annual Meetings in Bangkok on Oct. 12–18 (Nation Thailand, Pattaya Mail).

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Word of the day
Low-interest loansFinance

Loans charged at interest below the market rate, often used to help businesses recover after disasters. The FTI will ask the government to consider them.


World · US economyPress ✓ 5 outlets · figures from the BLS and financial media

US adds only 29,000 jobs, easing pressure on the Fed to raise rates again; US stocks close higher

US nonfarm payrolls for September rose by 29,000, below the roughly 84,000–90,000 economists expected. The unemployment rate edged up to 4.2%, and August was revised down to 133,000 from 162,000 (CNBC, Morningstar, Yahoo Finance). The Fed raised rates by 0.25 point to 3.75–4.00% on Sept. 16, its first increase since 2023, so the new figures led markets to pare back their belief that the Fed will raise again in October. EBC puts the probability at about 23%.

US stocks closed higher on Friday, Oct. 2: the S&P 500 at 7,722.72 (+0.73%), the Nasdaq at 27,190.86 (+1.2%) and the Dow Jones at 51,177.44 (+0.49%). For the week, however, the Dow Jones lost 1.3% and the S&P 500 lost 0.3%. Gold closed at $4,162.3 (−1.0%) and WTI crude was at $91.11. The SET index closed at 1,571.62 points, +0.49%, with turnover of about 71 billion baht (Kaohoon). The baht closed domestically at 33.58 per dollar (Bangkok Biz News). Kasikornbank sees a range of 33.20–33.90 this week.

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Security · PhuketPress ✓ 4 outlets · outlets’ schedules differ slightly

US aircraft carrier and destroyer dock in Phuket with more than 5,000 navy personnel

The USS George H.W. Bush and the destroyer USS Delbert D. Black arrived in Phuket on Oct. 4 with a combined 5,109 personnel (Pattaya Mail). Nation Thailand says the visit is meant to strengthen ties with Thailand. The US Embassy called Thailand the only treaty ally in mainland Southeast Asia. Reports say the personnel are taking a break after operations in the Middle East.

Thai police are coordinating with the US side on security and compliance with Thai law, and a LINE group has been set up for coordination. Outlets do not agree on how long the ships will stay in Phuket, giving both Oct. 4–9 and Oct. 5–10. Commanders will meet Thai civilian and military officials during the visit. DailyDrop has not seen details of the talks.

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Sport · Asian GamesPress ✓ 5 outlets · times and records as reported

Puripol Boonson takes the Asian Games best male athlete award after golds in the 100 and 200 meters

The Olympic Council of Asia (OCA) presented the Most Valuable Male Athlete (MVP) award to Puripol Boonson in Nagoya on Oct. 4, with prize money of $25,000. He won the 100 meters in 9.90 seconds and the 200 meters in 19.88 seconds, which are games records in both events. The 200-meter time equals the Asian record of Xie Zhenye of China, according to Nation Thailand and Khaosod. He also won silver in the 4×100-meter mixed relay.

He is the first Thai athlete and the first person from ASEAN to win the award, and the second track and field athlete in its history. The women’s award went to the 13-year-old Chinese swimmer Yu Ziying. Thailand finished the Asian Games with 18 golds, 13 silvers and 21 bronzes, 52 medals in all, 7th place, above the Sports Authority of Thailand’s target of 15 golds.

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In brief
  • Wall Street closed Friday: S&P 500 7,722.72 (+0.73%), gold $4,162.3 (−1.0%), WTI crude $91.11Market data
  • Thai Airways cut 15 flights on Oct. 1 and 9 flights on Oct. 2 before resuming its full schedule on Oct. 3The Tiger
  • Rangsit University estimates damage to the agricultural supply chain at 69.1 billion baht, or about 0.36% of GDPThe Tiger · The Star
  • The Meteorological Department warned of thunderstorms in 36 provinces and Bangkok on Oct. 3Nation Thailand · The Star
  • FTI puts members’ preliminary damage for Sept. 24–30 at 1.02 billion bahtNation Thailand · Asia News Network
  • State diesel support cuts the ex-refinery price by 4 baht a liter through Oct. 31The Standard · The Reporters
  • The Nasdaq hit an intraday record on Friday, led by NvidiaCNBC · Yahoo Finance
  • The Fed raised rates for the first time since 2023 on Sept. 16, to 3.75–4.00%Morningstar · Yahoo Finance
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Unverified — what we could not confirm

“The IMF–World Bank meetings will be canceled because of the floods” No cancellation has been reported. The BOT says it does not expect the floods to affect the meetings or the area within 5 km of the venue. Watch for official announcements.
“The flood impact on GDP is now clear” The BOT says it cannot yet assess it. The figures seen are other agencies’ estimates and differ, for example 0.36% of GDP for agriculture alone from Rangsit University.
“The Fed will definitely raise rates again in October” After the weak jobs data, EBC puts the chance at about 23%. The next Fed meeting has not yet arrived.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEFloods hit 3.26 million people in 27 provinces and Bangkok; prime minister orders 9,000-baht relief paid fasterDisasters · FloodsFTI sets up a war room and puts preliminary damage at 1.02 billion baht, while BOT confirms the IMF–World Bank meetings go aheadEconomy · BusinessUS adds only 29,000 jobs, easing pressure on the Fed to raise rates again; US stocks close higherWorld · US economyUS aircraft carrier and destroyer dock in Phuket with more than 5,000 navy personnelSecurity · PhuketPuripol Boonson takes the Asian Games best male athlete award after golds in the 100 and 200 metersSport · Asian Games