Briefs

Hydrotek, a small operator in the construction and environmental-engineering management business, plans to expand into Myanmar and Indonesia to embrace the upcoming Asean Economic Community, due to be launched in 2015.
Chief executive officer Slib Soongswang said the company planned to invest in a tap-water project, using the reverse-osmosis system, in Indonesia. “The company is now in talks with a local partner to form a joint venture to produce and supply tap water in Bandung,” he said.
The company expects to start at least one project next year, Slib said.
The firm’s planned wastewater-treatment project in an industrial estate in Myanmar is awaiting approval.
 “If there is not any inquiry, we expect to receive approval by year-end,” he said, adding that the project, which holds a 30-year concession, would have an investment value of Bt7 billion to Bt8 billion. The company will need to invest Bt300 million in the project initially.
The projects in Myanmar and Indonesia, if successful, should start generating returns for the company after 2014, he said.

Power Buy to open three more stores
Power Buy, an electrical-appli?ances retail chain owned by Central Retail Corp, yesterday announced it would open three more standalone stores in Chanthaburi, Chon Buri and Lop Buri before the end of the year, at a total cost of more than Bt300 million.
Each store will have between 2,500 and 4,000 square metres of sales space, and each is expected to gener?ate sales of about Bt25 million a month. Power Buy currently has standalone outlets in Hua Hin, Nakhon Ratchasima and Pattaya.

BBL debenture issue
Bangkok Bank has announced the issuance of its subordinated debentures No 1/2012 due 2022 with an issue size of Bt20 billion, carrying an interest rate of 4.375 per cent per annum.

Sansiri boosts presales target
Sansiri has raised its presales target from Bt42 billion to Bt50 billion because of the success of projects launched in the last quarter of this year, company president Srettha Thavisin said.
The new projects are expected to generate revenue in the years 2013-2016.

L&H launches new housing project
Land & Houses has introduced its latest detached-housing project, Mantana Rama II-Theanthala, with just 168 units worth a total of Bt1.6 billion. The starting price is Bt7 million per unit.