New JFC to continue Thai funding
Japan Finance Corp (JFC), formerly known as the Japan Bank for International Cooperation (JBIC), has promised to continue providing financial support for Thai firms participating in infrastructure projects, particularly during the present global financial turmoil.
"If it is getting difficult for firms to seek foreign currency [during the financial crisis], then we might be able to provide support," Yuhei Ohmi, chief representative of the JFC office in Bangkok, said yesterday.
He said the JFC would in particular provide loans to independent power producers in Thailand.
Recent projects include loans to Ratchaburi Power for combined-cycle gas-turbine power generation, to the Kaeng Khoi II gas turbine power-generation project and to BLCP's coal-fired power project. The JFC is committed to lending US$819 million (Bt27.82 billion) to these projects.
The bank will also provide financial support to local small and medium-sized enterprises (SMEs) that supply auto parts to Japanese carmakers. Other SMEs that have joint ventures or do business with Japanese counterparts will also receive further support, Ohmi said.
The Kuala Lumpur office of the Japan Finance Corporation for Small and Medium Enterprises has been closed and moved to Bangkok, becoming an SME unit of the JFC.
OTHER BUSINESS
-
Excavator plant to start in 2010
Bangkok Komatsu spent more than Bt1 billion on its second excavator-assembly plant at Bangpakong to serve.... -
Glow building 3 power plants
Glow Energy will proceed with three new power plant projects, despite the drop in quarterly net profit on the....
{literal}
Top Stories
- Shares slump as rescue bid fails - BBC
- Dutch Mill returns problem milk to China
- Will world turn to yuan or gold?
- Scotiabank goes for 49%
- Air traffic shows continued downturn
- 'Limit the bail-out amount to avoid $ plunge'
- Dutch Mill freezes
- Olarn worried about liquidity amid global squeeze
- SET selling spree prompts scarcity of funds
- Muang Thai unaffected by Fortis nationalisation
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334