Kasikorn Factory and Equipment Co (KF&E) is looking into expanding its machinery leasing business in Laos to serve the many Thai entrepreneurs entering the market.
This move is also part of its preparation for the Asean Economic Community, which kicks off in 2015, executive chairman of KF&E Sasawat Virapriya said.
He added that the firm had found that many Thai businesses were investing in Laos due to cheaper labour, and many have also been granted major concessions there.