Ekkaphop Pheanphithak, spokesperson for the Prime Minister's Office, disclosed that the Cabinet has resolved to approve the Chai Nat–Pa Sak–Gulf of Thailand flood diversion canal project, with a total budget framework of 165 billion baht and an implementation period of 8 years, from fiscal years 2027 to 2034, as proposed by the Ministry of Agriculture and Cooperatives. The project will help drain water from the North through the Central region into the Gulf of Thailand, in order to solve the problem of the Central region having to take on water in place of Bangkok, with the provinces of Phra Nakhon Si Ayutthaya, Ang Thong, Chai Nat, Saraburi, Lopburi, Sing Buri, Nonthaburi, Pathum Thani and Bangkok set to benefit. Ekkaphop said the project has received support from the World Bank, including surveys and design, economic viability analysis, and environmental impact assessment, or EIA, all of which are complete, with funding sources also prepared. The next step, which is considered the biggest and most difficult, is land expropriation, covering both the issuance of a royal decree for land expropriation and negotiations with the public. The Cabinet has assigned the Ministry of Social Development and Human Security to handle housing relocation, and the Ministry of Finance to ensure compensation payments are reasonable. In the past there have been lessons from the Bang Bala–Bang Sai flood diversion canal project, which had to extend its implementation period several times due to delayed land handovers. The drainage system is to be completed in 2028, and when the project period ends in 2029, no further extension will be granted.
Quanta Raises 2026 Free Cash Flow Outlook to $2-$2.5 Billion
Quanta Services raised its full-year 2026 free cash flow outlook to $2-$2.5 billion, alongside operating cash flow expectations of $2.9-$3.4 billion, after a strong first half. In the second quarter, Quanta generated operating cash flow of $1.10 billion and free cash flow of $886 million, bringing first-half free cash flow to $1.07 billion, sharply higher than $288 million in the comparable 2025 period. Management attributed the second-quarter strength partly to favorable working-capital dynamics, particularly from large-load and renewable projects, while days sales outstanding improved to 57 days. The outlook is underpinned by a record $53.4 billion backlog, expanding project activity and rising investment in electric grids, power generation, data centers and other mission-critical infrastructure. Quanta still expects roughly $900 million of net capital expenditures in 2026, and cash generation could fluctuate with project timing, working-capital requirements, acquisitions, weather, permitting, supply-chain issues, inflation and project execution. Quanta competes with MasTec and EMCOR Group across power, electrical and mission-critical infrastructure markets; MasTec reported negative $59 million of free cash flow in the second quarter, while EMCOR posted record remaining performance obligations of $17.14 billion.
FTI warns factories to brace for new wave of rain and high tides from October 5-13
The Federation of Thai Industries, or FTI, has issued a warning urging industrial operators to closely prepare for water situations, after the Meteorological Department assessed that October 5-7 will bring volatile weather and October 8-11 will bring another round of rain, with the rain band moving down into the South. Extra vigilance is required in the western, central, Bangkok, eastern and southern regions. For the Chao Phraya and Pa Sak river basins, although northern water flows at Nakhon Sawan are trending downward, water is still joining from the Sakae Krang River, so the Chao Phraya Dam continues to release water at 2,500 cubic metres per second, while the Pa Sak Cholasit Dam has increased its release to 500 cubic metres per second, pushing water levels below the Rama VI Dam up by 1 to 1.2 metres. The Department of Disaster Prevention and Mitigation has also warned of high tides from October 5-10. In the East, water masses from Nakhon Nayok and Prachin Buri have begun to recede and are gradually flowing through Chachoengsao, while the Mae Klong river basin is starting to improve after discharges below the dam were cut to 1,023 cubic metres per second. In the South, heavy and continuous rain must be watched from October 10-13, especially in Chumphon, Nakhon Si Thammarat, Songkhla, Yala, Pattani and Narathiwat, which face the risk of flash floods reaching urban areas. The FTI therefore stressed that factories in these areas must urgently inspect drainage systems and water pumps and prepare emergency response plans for immediate use, and advised the industrial sector to set clear Trigger-Action crisis points covering employee safety, protection of machinery, safe shutdown of operations, management of chemicals, wastewater and industrial waste, as well as transport backups, in order to minimise the impact on business.
PM Orders All Agencies to Manage Water and Transport for IMF-World Bank Meetings in Bangkok
Prime Minister and Interior Minister Anutin Charnvirakul has instructed all agencies to manage water situations and transport systems to support the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group, to be held from October 12 to 18, 2026, in Bangkok, which will bring delegates from 191 countries and approximately 15,000 accompanying persons into Thailand. Government spokesman Ekapop Pienpiset said the Prime Minister chaired a meeting of the National Disaster Prevention and Mitigation Command to monitor flood situations and assistance to the public, issuing eight directives covering the drainage of reservoirs and waterways that are full or nearly full; the removal of waterway obstructions at bottlenecks, bridges, drainage pipes and underpasses; more precise targeting of risk areas; the mobilization of machinery from the public and private sectors; the immediate start of rehabilitation in zones where water has receded; preparation of rehabilitation plans and compensation for eligible households; discussions with the Bank for Agriculture and Agricultural Cooperatives on assistance for farmers whose crops were damaged; and consideration of reducing or waiving water and electricity charges for flood-affected households by waterworks and electricity agencies at both central and regional levels. He also instructed Airports of Thailand and the Ministry of Transport to fully manage inbound and outbound passenger travel and transport, and to expedite the return of services to normal as quickly as possible, in order to build confidence in Thailand's ability to host participants and attract foreign investment.
Climate Adaptation & Water › Water Utilities & Infrastructure Regulation
AOT.BK · Demand · Positive PM instructed Airports of Thailand to fully manage inbound/outbound passenger travel for the 2026 IMF-World Bank meetings, bringing 15,000+ delegates to Bangkok.
Bank for Agriculture and Agricultural Cooperatives (BAAC) · Regulation · Neutral Government to discuss with BAAC on assistance for farmers whose crops were damaged by floods; impact on the bank is unclear.
National Water Resources Office warns of flash floods from 5-7 October, monitors Eastern reservoirs exceeding 80%
The National Water Resources Office has issued announcement No. 9/2569, warning of waterlogging, flash floods, forest runoff and riverbank overflow during 5-7 October 2569. At-risk areas cover the North, the Central region including Bangkok and its vicinity, the East, the West and several provinces in the South. The office instructed close monitoring of large, medium and small reservoirs holding more than 80% of their storage capacity, along with watching for sudden rises in water levels and bank overflow in low-lying areas along major rivers and their tributaries, such as the Ping River, the Sakae Krang River, the Khwae Noi River, the Pa Sak River, the Tha Chin River, the Nakhon Nayok River, the Prachin Buri River, the Chanthaburi River, the Trat River, the Khwae Yai River and the Kolok River. As for water conditions at the three main dams in the Eastern Economic Corridor area, Bang Phra Reservoir stands at 82%, or 95 million cubic metres; Nong Pla Lai Reservoir at 103%, or 168 million cubic metres; and Prasae Reservoir at 100%, or 294 million cubic metres. Meanwhile, in the Chao Phraya basin as of 6:00 a.m. today, station P.17 in Banphot Phisai district, Nakhon Sawan province, recorded a water level of 35.45 metres above mean sea level, 2.80 metres below the bank, with a downward trend. Station N.67 in Chum Saeng district recorded 26.05 metres above mean sea level, 2.16 metres below the bank, also trending down. Station C.2 in Mueang Nakhon Sawan district showed a flow rate of 2,038 cubic metres per second, with a water level of 22.84 metres above mean sea level, 2.86 metres below the bank, while the Chao Phraya Dam is discharging water at 2,500 cubic metres per second.
Government warns of afternoon rain bomb hitting Pattaya, urges vigilance from Chachoengsao and Pathum Thani down to the South
Ekkaphop Pheanphithak, spokesperson for the Prime Minister's Office, said at the joint flood situation information center that the Meteorological Department forecasts scattered rain across all regions between October 5 and 7, with more rain expected from October 10 to 13. He asked the public in Pattaya in Chonburi province to be on alert for rain bomb conditions during the afternoon of the same day, which could cause localized flooding, and urged vigilance in Chachoengsao and Pathum Thani provinces, which receive part of the runoff from the Nakhon Nayok side, through next week from Phetchaburi province down to the lower South. Parinya Chanthakup, director of the water quality management academic division at the Bangkok Drainage Office, said the Chao Phraya River level today is forecast to peak at 1.72 meters, about 1.28 meters below Bangkok's flood barriers, and that Bangkok is preparing for two periods of heavy rain, from October 5 to 6 and from October 10 to 11, 2026, by accelerating drainage in main canals and deploying mobile pumps at risk spots such as Sai Mai, Lat Krabang, Khlong Sam Wa and Saphan Sung districts. The Royal Irrigation Department confirmed that releasing water from the Chao Phraya Dam at a rate of 2,500 cubic meters per second will not cause water to overflow Bangkok's or the surrounding area's flood barriers into urban zones. The Department of Disaster Prevention and Mitigation said that if Bangkok and the provinces submit complete data, compensation payments to flood victims can be transferred within two to three days, or no later than this week. As of 7:00 a.m. on October 5, registrations through the Thang Rath application totaled 1,056,361 households, comprising 458,987 households in Bangkok, 149,194 in Samut Prakan, 130,010 in Pathum Thani, 42,531 in Chachoengsao and 36,016 in Rayong.
Emera Lifts Quarterly Dividend to CA$0.74 Per Share
Emera has raised its quarterly dividend to CA$0.74 per share, implying an annual payout of CA$2.96, a 1% increase from the previous CA$2.93 level. The move comes after a softer stretch for the share price, with a 90 day return down 7.98% and a 30 day return down 1.88%, though the 1 year total shareholder return of 6.77% and 3 year total shareholder return of 68.08% reflect longer-term momentum. The most followed valuation narrative pegs Emera's fair value at roughly CA$74.45 per share, above the recent CA$68.42 close, framing the higher dividend as an 8% undervalued case. That view rests on heavy investment in grid modernization, renewables including a $2+ billion solar expansion in Florida, and infrastructure resilience, but faces risks from refinancing needs and exposure to cyber incidents and extreme weather. On valuation, Emera trades at 21.8x earnings, above Canadian peers at 20.9x and the wider North American utilities group at 19.8x, while the fair ratio sits higher at 29x.
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