Sumitomo sees Thailand as hub for construction machinery sales to the region

THAILAND could be strategically promoted by Japan-based Sumitomo Construction Machinery as the distribution and financial hub of Asean, especially CLMV (Cambodia, Laos, Myanmar and Vietnam), to cash in on the region’s high mid- and long-term potential, Kazuhiko Sasaki, the company’s president director for Southeast Asia said. Sumitomo Construction Machinery is one of the world’s leading […]

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Thailand Utility Signs Multiyear Parts and Repair Agreement with GE to Support Availability of Bangkok Power Plant

GE’s Power Services business today announced it has signed a multiyear parts and repair agreement for more than $60 million with the Electricity Generating Authority of Thailand (EGAT) Electricity Generating Authority of Thailand (EGAT) Signs Six-Year Pact with GE’s Power Services Business, Covering Fleet of Gas Turbines at Two Power Plants in Bangkok; Agreement Builds […]

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Laos’ 1,285-MW Xayaburi hydropower project receives loan from Thai construction firm

Thai construction firm CH. Karnchang PLC has approved a loan totaling more than US$531.7 million to subsidiary Xayaburi Power Co. Ltd. for the development of Laos’ 1,285-MW Xayaburi hydropower plant. The financing, approved during a CK board meeting earlier this week, will be used “to pay for the increased construction works” of the project, “due […]

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The Export-Import Bank of Thailand Bank provides financial support for tap water plant construction in Laos

The Export-Import Bank of Thailand (EXIM) Bank has established an agreement to provide an additional long-term loan for the construction of a tap water manufacturing facility in Luang Prabang, Laos, to facilitate water consumption in the Laos capital. The EXIM Bank Acting President Kematat Saicheur on 11 May witnessed a signing ceremony for a loan […]

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Japan announces USD7 billion plan to develop Mekong region

Japan’s foreign minister announced a multibillion-dollar initiative yesterday to promote development in Southeast Asia’s Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows. In a speech at Chulalongkorn University in Bangkok, Fumio Kishida affirmed the importance of Southeast Asia’s economic prosperity to Japan. He pledged 750 billion yen (USD7 […]

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