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Bank of Laos to Launch Centralized Forex Market

The signing agreement ceremony (Photo: Pasaxon)

The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) on 5 August to establish a centralized foreign exchange market to stabilize the national currency, improve transaction monitoring, and provide convenient currency exchange options.

Chen Zhi, Chairman of Prince Holding Group, Named ‘Leading Personality of the Year’ at the Global Economics Awards

Chen Zhi Scholarship Recognized as Best CSR Program


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 8 August 2024 – Neak Oknha Chen Zhi, Chairman of Prince Holding Group, has been honored with the ‘Leading Personality of the Year’ award at The Global Economics Awards 2024. This recognition highlights his visionary leadership and the significant positive impact Prince Group continues to have on Cambodia’s economic and social landscape.

Neak Oknha Chen Zhi, Chairman of Prince Holding Group, has been honored with the 'Leading Personality of the Year' award. Under his leadership, Prince Group has become a major contributor to Cambodia's economic landscape.
Neak Oknha Chen Zhi, Chairman of Prince Holding Group, has been honored with the ‘Leading Personality of the Year’ award. Under his leadership, Prince Group has become a major contributor to Cambodia’s economic landscape.

Furthermore, the Chen Zhi Scholarship, has been acclaimed as the ‘Best CSR Program,’ reflecting the Group’s steadfast commitment to corporate social responsibility and sustainable development.

Under Chen Zhi‘s guidance, Prince Holding Group has become a pivotal player in Cambodia’s economy. The Group’s diverse portfolio, which includes real estate development, financial services, and consumer products, contributes significantly to the nation’s economic growth and job creation.

Gabriel Tan, Chief Communications Officer at Prince Holding Group, remarked on the accolades: “This recognition is a testament to our Chairman Chen Zhi’s visionary leadership and the Group’s dedication to being a socially responsible corporate citizen. It underscores our dedication to making a positive impact on Cambodian society. The Chen Zhi Scholarship, named in honor of our chairman, is particularly dear to us as it embodies our mission to empower the next generation of leaders through education.”

Chen Zhi’s leadership is distinguished not only by his business acumen but also by his deep commitment to philanthropy. His vision for a prosperous Cambodia is realized through numerous community initiatives under the Prince Foundation, the philanthropic arm of Prince Group.

The Chen Zhi Scholarship Program, a cornerstone of Prince Group’s comprehensive CSR strategy, commits $2 million over seven years to support 400 university students in Cambodia. The program offers scholarships, internships, and professional development opportunities in fields such as civil engineering, media and communication, and hospitality.

The Global Economics Awards celebrate excellence across various sectors, recognizing the achievements of outstanding leaders and organizations worldwide.

Hashtag: #ChenZhi #PrinceHoldingGroup #ChenZhiScholarship #CSR

The issuer is solely responsible for the content of this announcement.

About Prince Holding Group

Prince Holding Group is one of Cambodia’s largest business groups, spanning across real estate development, financial services, and consumer services.

Prince Holding Group’s key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, and Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 100 businesses in Cambodia operating in real estate development, banking, finance, tourism, logistics, technology, food and beverages, lifestyle sectors, etc.

Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia.

Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.

All Pack & All Print Indonesia Expose Latest Technology in JI Expo Jakarta , 9 – 12 October 2024

JAKARTA, INDONESIA – Media OutReach Newswire – 8 August 2024 – The rapid growth of food and beverages (F&B) industry, spur the packaging and printing product innovations. International-scale exhibitions organizer Krista Exhibitions is back to hold ALLPack Indonesia 2024 will be held in conjunction with AllPrint Indonesia Expo 2024 at the Jakarta International Expo (JIExpo) center in Kemayoran, Jakarta, from Oct. 09 to 12. The 23nd ALLPack Indonesia 2024 will showcase processing and packaging technology for food, beverages, biscuits, confectionary, pharmaceutical products/drugs, traditional herbal drinks, cosmetics, personal care, beauty, agriculture, electronics, coolers and other related industries.

Chief Executive Officer of Krista Exhibitions, Daud D Salim highlighted in a press conference “This year’s ALLPack Indonesia and AllPrint Indonesia 2024 forecast a 30 percent increase in the number of participants compared to the previous year and over 1,000 companies, will take part and 200 are small-and-medium enterprises [MSMEs], ALL Pack have attracted more than 70,000 local and international visitors and is expected to have more in 2024.” He said the participating exhibitors would hail more than 17 countries from Singapore, Malaysia, Japan, Vietnam, South Korea, India, Germany, France, Italy, China, Austria, Indonesia, Taiwan, Thailand, the United Kingdom, Canada and the United States, among other nations.

Daud D Salim point out that “Through AllPack Indonesia and AllPrint Indonesia 2024, we will bring hundreds of potential buyers in processing, packaging, printing, automation, in the foods and beverages, pharmacy and cosmetics sectors will meet to join the hosted buyers program. Krista exhibitions will facilitate hotel rooms for 2 nights those selected buyers from FnB, Cosmetic, Pharma and Manufacturers” he added.

Adhi Lukman, Chairman of Indonesian Food and Beverages Industry Association (GAPMMI) said : “In line with the potential demand for processed food to meet the needs of the community, the food and beverage sector continues to grow positively and investment is also increasing. Therefore, support for innovation and technology is needed in the food sector. So, events like Allpack are important for the food industry to see how technology is evolving and interact with experts in order to encourage its growth” added Adhi Lukman

AllPack Indonesia and AllPrint Indonesia 2024 specially launched Business Matching Program. Krista Exhibitions welcomes Potential buyers/ visitors to joint the program, and have a pre-arrange meetings, exclusively organized in a one-to-one match-making service. Our business matching activities are specifically designed to help you connect with the right and prominent companies in the packaging and printing industries, fostering valuable relationships that can lead to successful business partnerships. For Interested buyers must register online at https://forms.gle/gLoVNAUPVEjhbXEdA to participate in business matching sessions with our exhibitors.

Visitors are invited to register directly at the exhibition venue or register online at the following links: https://register.kristaonline.com/visitor/allpackindonesia and https://register.kristaonline.com/visitor/allprintindonesia For more information, please visit www.kristamedia.com.

Hashtag: #KristaExhibitions

The issuer is solely responsible for the content of this announcement.

Saudia Transports More Than 9 Million International Guests in 6 Months with a 24% Growth

Achieving an outstanding rate of 89.3% in on-time performance

Jeddah, Saudi Arabia – Newsfile Corp. – August 8, 2024 – Saudia, the national flag carrier of Saudi Arabia, has achieved positive growth in its operational performance for the first half of 2024, based on the latest performance report. The airline carried 16.3 million guests on both domestic and international routes, marking a 19% increase compared to the same period in 2023. This growth was supported by the operation of over 94,300 flights, including scheduled and additional services, representing an 11% increase. Additionally, Saudia recorded 287,200 flight hours, with an 11% rise compared to last year, while maintaining an exceptional on-time performance rate of 89.3%.

In international operations, Saudia transported over 9.1 million guests, reflecting a 24% increase from the previous year, and conducted 42,000 flights, marking a 13% increase compared to the same period in 2023. The airline’s international fleet logged 199,000 flight hours, marking a 12% growth. Domestically, Saudia served more than 7.2 million guests, a 14% increase, with over 52,300 flights operated, recording a 10% rise. Domestic flight hours also grew by 9%, reaching 88,000 hours.

H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group, stated: “In the first half of 2024, we successfully executed both our Summer and Hajj season plans. I extend my sincere gratitude and appreciation to all Saudia employees for their unwavering dedication, operational excellence, and exemplary on-time performance, which have greatly contributed to increased guest satisfaction.”

Saudia’s high-quality operational performance is bolstered by its current fleet of 144 aircraft, which facilitates connections between the Kingdom and over 100 destinations across four continents. This extensive network supports various sectors, including tourism, business, sports, entertainment, Hajj, and Umrah. Looking ahead, Saudia is poised for unprecedented growth with two major agreements with Boeing and Airbus for the acquisition of 103 new aircraft over the coming years.

-Ends-

About Saudia:
Saudia (Saudia Airlines) is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East’s largest airlines.

Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 28 domestic airports in Saudi Arabia.

A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012.

Saudia was recently recognized as the World’s Most Improved Airline 2024 by Skytrax, marking the third time it has received this accolade, alongside 14 other distinguished awards. Saudia has also been awarded the “World Class Airline 2024” for the third consecutive year at The APEX Official Airline Ratings™ awards. Additionally, it is also ranked top among global airlines for best on-time performance (OTP) according to a report by Cirium.

For more information on Saudia, please visit www.saudia.com.

Media Contact:
EJAD@saudia.com

The issuer is solely responsible for the content of this announcement.

Lao Government Halts Bodyslam Concert for ASEAN Readiness

Lao Government Halts Bodyslam Concert for ASEAN Readiness
The Thai Famous Band Bodyslam (photo credit: Thairath)

The Ministry of Information, Culture, and Tourism (MICT) has issued a notice suspending the concert of the famous Thai band Bodyslam, which was initially scheduled for 10 August at the Lao ITECC mall in Vientiane Capital.

Melco Style Presents: Na Ying in Macau

Pop Queen of Chinese Music World to Celebrate National Day with Exhilarating Musical Spectacle at Studio City


Ticket Sales Starting on August 19 Melco Style Members to Enjoy Advance Booking with Exclusive Privileges from August 12-18

MACAU SAR – Media OutReach Newswire – 8 August 2024 – Melco Style announces another much-anticipated musical extravaganza that can’t be missed – Na Ying, the Pop Queen of Chinese Music World will soon be staging at Studio City Event Center on October 5 and 6 with two consecutive incredible immersive musical spectacles of ‘Na Ying in Macau’ in celebration of the National Day with all music enthusiasts.

Melco Style Presents: Na Ying in Macau

Dubbed as the Pop Queen of Chinese Music World, Na Ying is recognized by her powerful vocal range and bursting with emotional intensity that she delivers in her countless soul-stirring pop music masterpieces penetrating people’s hearts. In skilled renditions of classic hits like “Conquer” which showcased her solid, broad and unique iconic singing technique, her self-written masterpiece “Sad Romance” composed with a perfect combination of lyrics, and many other all-time favourite songs that are highly popular across Asia. Ms. Na Ying said, ‘I am so excited and looking forward to staging at the state-of-the-art Studio City Event Center with top-notch professional audio-visual equipment. In addition to my moving classic songs, I also hope to ignite and uplift the show with energy that encourages all music fans and Melco Style members to smile and strive for a brighter tomorrow. Music is meant to be shared with all music enthusiasts and it’s even more memorable to celebrate together at this special National Day.”

Melco Style Presents: Na Ying in Macau

Since the opening of Studio City, Studio City Event Center has welcomed many international superstars to hold solo concerts and has become a performance mecca for the world’s top singers. Among all, the Melco Residency Concert Series launched since last year featuring a star-studded line up of biggest names in the Chinese music world with the collection of Melco limited bespoke live performances were absolutely unprecedented and enjoyed by all audiences.

Mr. Kevin Benning, Senior Vice President and Property General Manager of Studio City said, ‘While it is near the perfect conclusion of this year’s Melco Residency Concert Series, we are very much looking forward to welcoming Na Ying, the Pop Queen of the Chinese music world to bring all Melco Style members, visitors and citizens an exhilarating musical spectacle in celebrating the remarkable festive occasion of National Day at Studio City. Melco strives to create more and more exciting concerts and top-notch entertainment and cultural experiences for Macau, and it also highlights Melco’s commitment to support the Macau SAR Government in promoting “Tourism+” diversity development.’

Studio City Macau

Melco Style Presents ‘Na Ying in Macau’ will debut on October 5 with ticket sale starting from August 19. Melco Style WeChat members may enjoy advance ticketing with 20% off or 25% discount on Combo for 4 purchased from August 12 – 18. Exclusive Special VIP Suite party package are also available for music fans to appreciate the concert at private cabin with a variety of tasty food and refreshing drinks. For ticketing and more info, please visit:
https://www.studiocity-macau.com/en/offer/melco-style-naying-concert

Melco Style Presents: Na Ying in Macau

Show Date: October 5-6, 2023 (Saturday and Sunday)
Time: 19:00
Venue: Studio City Event Center
Ticket Price: From MOP 688

Melco Style Member VIP Suite:

  • VIP Suite party package for 12 persons: MOP 29,000* (Original Price MOP 45,000)
  • VIP Suite party package for 24 persons: MOP 48,000* (Original Price MOP 70,000)

*This package offer cannot be used in conjunction with ticket discounts
*This package includes a variety of tasty food and refreshing drinks

Hashtag: #MelcoResortsandEntertainment

The issuer is solely responsible for the content of this announcement.

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (), an integrated resort located at Taipa, Macau and City of Dreams (), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean () in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit .

The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

Vinhomes: A Case Study in Asian Real Estate Adaptability


HANOI, VIETNAM – Media OutReach Newswire – 8 August 2024 – While Asian real estate has weathered rough tides, it remains a magnet for investors seeking stability. This “filtering” period has seen weaker players fade, leaving established firms with robust finances, innovative approaches, and top-tier offerings to thrive.

Caption

Asia’s once-booming real estate market, propelled by voracious appetite and low interest rates, is now confronting a more challenging reality. The era of double-digit growth has faded amid tightening property regulations and a global rise in borrowing costs.

Yet, to write off Asia’s real estate sector entirely would be to overlook a fundamental truth: property ownership is deeply ingrained in the region’s cultural fabric. For generations, across diverse Asian societies, real estate has held a unique appeal. It remains a cornerstone of personal wealth and a hedge against uncertain economic times. Even with the current headwinds, the underlying cultural reverence for property ownership is unlikely to wane.

Vinhomes: A Beacon in Vietnam’s Real Estate Industry

In Vietnam, a nation of 90 million experiencing rapid urbanization, a deep-seated belief persists: real estate is a haven for savings. Yet, the industry’s recent struggles have left some developers teetering, raising questions about its future. But instead of pronouncements of doom, a closer look suggests a market sifting, separating the sustainable from the vulnerable.

Vinhomes stands as a prime example of this shift. As the nation’s premier investment, trading, and management firm in the sector, Vinhomes has redefined the industry through its scale, speed of development, and excellent service. The company is at the vanguard of sustainable growth in Vietnam’s real estate market, setting new industry benchmarks.

Vinhomes was launched in 2013, marking a turning point in Vietnam’s real estate landscape. The company has since pioneered a series of innovative architectural and urban “all-in-one” projects that have redefined luxury living in the country. The developer’s signature “Vin” ecosystem, encompassing healthcare, education, shopping, and entertainment, is integrated into the developments.

As a key subsidiary of Vingroup, Vinhomes has solidified its position as Vietnam’s leading real estate brand and a top regional player. Vinhomes’ developments offer residents a unique blend of modern amenities, sustainable living, and world-class design.

With a portfolio of 29 projects spanning eight provinces and cities, Vinhomes has set new standards for urban living. Iconic developments such as Ocean City and Vinhomes Royal Island have earned international recognition for their exceptional design and amenities.

Vinhomes’ commitment to excellence has been validated by numerous global awards, further solidifying its reputation as a world-class developer.

Enduring and Adapting: The Keys to Developer Success in a Changing Market

In Vietnam’s real estate market, today’s success story will likely be written by companies catering to specific demographics, like the growing middle class seeking modern apartments; or young people who are aiming for a life in cleaner, healthier all-in-one complexes.

For example, Vinhomes unveiled its groundbreaking vision for Ocean City, a 1,200-hectare mega-complex envisioned as a Wellness City designed to revolutionize urban living. Marking a first in the healing industry, the unique wellness ecosystem within Ocean City prioritizes residents’ physical, mental, and emotional well-being alongside residential spaces, luxury amenities, and connectivity.

Poised to become Vinhomes’ largest investment project within a decade, Ocean City is envisioned as the best place to live on Earth, reshaping residents’ lifestyle.

Beyond the traditional urban landscape, the complex rises as a vision for the future of city living. Sprawling parklands and glimmering artificial lakes provide respite, while a vibrant tapestry of amenities unfolds: movie theaters host cinematic escapes, mega malls offer retail therapy, and bustling shophouses showcase local flavor.

Underpinning this dynamic scene is a commitment to well-being: a state-of-the-art hospital, currently under construction, stands ready to serve the community, while a comprehensive educational system, encompassing kindergarten through university, nurtures young minds. Ocean City seeks to cultivate a foundation for healthy, fulfilling lives in an ever-evolving world.

Recently, Vinhomes has launched Vinhomes Royal Island, an 877-hectare project inspired by the world’s most exclusive island retreats. The development promises a living experience blending luxury, nature, and modern amenities. On-site amenities include a network of 31 parks, swimming pools, and sports facilities.

Further strengthening the potential of Vinhomes real estate projects in particular and across Vietnam in general, the recently amended Land Law in Vietnam, effective August 1, 2024, has introduced significant changes that could reshape the country’s real estate landscape. A key provision expands property rights for overseas Vietnamese.

The law grants land use rights to Vietnamese citizens living abroad, as well as to those of Vietnamese origin. This means they can now own property or lease land in Vietnam, a right previously restricted to domestic residents.

Besides, overseas Vietnamese can now invest in various aspects of real estate projects. This opens up significant investment opportunities for overseas Vietnamese and is expected to attract international interest.

Hashtag: #Vinhomes

The issuer is solely responsible for the content of this announcement.

Thai Court Dissolves Progressive Move Forward Party

Thai Court Dissolves Progressive Move Forward Party
Pita Limjaroenrat, Member of the House of Representatives of Thailand (photo credit: wikimedia)

Thailand’s Constitutional Court has ruled to dissolve the opposition Move Forward Party (MFP), over its campaign to amend a royal insults law that protects the monarchy from criticism.