Japanese Prime Minister Shinzo Abe vowed to increase private investment and infrastructure exports as part of his strategy to overcome deflation and build on an economic expansion fueled by rising consumer spending.
A venture formed by Kyushu Electric Power Co., Itochu Corp., PT Medco Power Indonesia, and Ormat Technologies Inc. signed a 30-year contract to sell geothermal power to PT Perusahaan Listrik Negara of Indonesia.
Venezuelan lawmakers approved the conditions of $417 million of loans from Banco Bilbao Vizcaya Argentaria SA and Japan Bank for International Cooperation to finance transportation projects and a steel plant, the state news agency AVN said today on its website.
Abu Dhabi National Oil Co. agreed to take a $3 billion loan from Japan Bank for International Cooperation as the Asian country provides financing to secure crude supplies, government officials from both nations said.
Roy Hill Holdings Pty, Australian billionaire Gina Rinehart’s unit that’s seeking to raise A$7 billion ($7.3 billion) in debt to build an iron ore mine, said it expects to complete funding by the end of the year.
Myanmar cleared about $1 billion in overdue debt with the Asian Development Bank and World Bank using a bridge loan from Japan, opening the door for increased lending as the country seeks to overhaul its infrastructure.