Central World shopping complex collapsed after arsonists set it ablaze and
firefighters were unable to reach the area in a timely manner due to ongoing
conflicts between UDD protesters and Thai soldiers.
Members of the Ratchaprasong Square Trade Association (RSTA)
met Thursday to begin planning ways to restore the area and its businesses
after the violence and arson which erupted Wednesday.
Following the widespread vandalism and arson at Central
World shopping complex, Thailand’s largest high-end shopping mall and the
second largest in Southeast Asia, as well as Big C Supercenter and other
properties in the Ratchaprasong area causing incalculable damage, the
entrepreneurs grouping have started to prepare a plan to rehabilitate the
The association also is considering adjusting existing
plans, including the restoration of buildings and areas at Ratchaprasong
intersection as well as marketing and promotion campaigns to boost sales.
However, details of the revised plan can be clarified
only after the violence ends and Bangkok Metropolitan Administration (BMA)
authorities clear the damaged areas.
In addition, the association has set up an RSTA Call
Center 085 484 6471-3 from 9am-5.30pm for entrepreneurs wanting to register
Currently, 50 entrepreneurs in trouble contact the call
centre daily. It is expected that more entrepreneurs will take advantage of
calling on the association for assistance.
Federation of Thai Industries vice chairman Payungsak
Chartsutipol said that although business offices in outer Bangkok could open
Thursday, many companies couldn’t operate due to the loss of document
systems as their Ratchaprasong headquarters were affected by arson.
Shipping and transport systems are suspended and
financial institutions were directed to close on Thursday and Friday by the
Bank of Thailand (BoT).
He said the damage from the violence includes asset
damage and the impacts on investor confidence, the loss of life and
psychological effects on many Thai people.
If the crime spree ends soon, the impact will not spread,
Meanwhile, Punnachai Footrakul of the Petroleum Authority
of Thailand (PTT) Natural Gas Vehicle Marketing Department said that service
stations last Thursday morning faced shortages of NGV, LPG, and oil products
due to the huge demand in preparation for the curfews.
All PTT stations in the 13 zones banned from gas and oil
transport remain closed.
He added that the Ministry of Energy discussed the
situation and may propose that the Centre for the Resolution of the
Emergency Situation (CRES) allow the gas tankers to enter the 13 zones in
the next few days. (TNA)