Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and car parts to neighboring Malaysia, potentially benefiting rival exporters in Indonesia and Vietnam.
In the hardest-hit area of Hat Yai in Songkhla province, a commercial hub and transport gateway, major roads have been cut off and rail services suspended.
“Hat Yai has become our bottleneck,” the Ministry of Commerce said Tuesday in a statement. “Even though border checkpoints remain open, the reality is that most routes leading to them are either underwater or impassable.”
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