Indorama ventures successfully secures inaugural sustainability linked trade finance facility with smbc bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The main banking arm of Sumitomo Mitsui Financial Group said in disclosures to investors last year it would halt funding for new mines, expansion of existing ones and related infrastructure, but stopped short of giving a timeline on ending corporate finance for companies linked to coal mining. Rajeev Kannan, SMBC's Managing Executive Officer and Co-Head of Asia Pacific Division told Reuters on Thursday there would be no project and corporate finance exposure to coal mining and coal-fired power plants by 2040.
A key study on a proposed waterway link from the Bassac River to the sea in the Kampot-Kep region has been completed, the transport ministry reported, revealing plans for the project to connect to a “seaport” in Kampot province, igniting hopes for a solid pop in economic growth for the Kingdom.