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Lao Central Bank Restores Foreign Currency Control Department

Currency exchange.

The Bank of the Lao PDR has reinstated the Foreign Currency Control Department for foreign currency management in the country amid the depreciation of the national currency.

New Report Finds Enterprises are Accelerating Edge Adoption to Get Ahead of the Competition with Nearly 70% Leveraging Edge to Solve Critical Business Challenges

NTT’s Edge Advantage report surveyed 600 enterprises leveraging edge to enable data-driven decision making; uncovered concerns around infrastructure capabilities.

  • 88% cite 5G as an important enabler; those combining private 5G and edge report highest benefits.
  • 93% consider edge a competitive advantage.
  • Top reasons to invest in edge are to support automation and AI and real-time data access followed by operational efficiency and increase in IoT devices.
  • Industries tapping edge are manufacturing, healthcare, transportation and logistics, energy and utilities, and financial services.

HONG KONG SAR – Media OutReach – 2 June 2023 – NTT Ltd., a leading global IT infrastructure and services company, today launched its Edge Advantage Report, which found that although two thirds of enterprises investing in edge are solving real-world business challenges and more than 8 out of 10 organizations expect their dependency on third-party edge services to grow over the next two years, nearly 40% of those planning edge deployments are concerned that current infrastructure capabilities won’t be able to support the promise of edge.

Enterprises around the world are discovering the edge advantage, benefitting from digital technologies that accelerate data-driven decision making, secure physical and virtual assets, and control sustainably resilient operations. But while more than 80% of technology decision makers say their edge investment expectations have been met or exceeded, many fear that the rapid pace of technology evolution could cost them in the long term.

Infrastructure capabilities

Current adopters see the fragmented management of compute, connectivity and IoT devices as a hindrance to realizing the potential of edge. As such, those organizations that are combining private 5G and edge technologies report the highest benefits over enterprises who have adopted a legacy segregated approach, or none at all.

The report also revealed that though most organizations believe their network infrastructure can handle their current edge requirements, almost 40% of enterprises planning edge deployments acknowledge a need to upgrade their network in order to support the expected spike in connected devices and applications. In fact, nearly two-thirds of enterprises that already deployed edge have coordinated a wide area network refresh.

In light of this, many organizations are planning to turn to partners to help them on their edge journey. So much so that 88% believe their organization’s dependency on third-party edge services will grow in the next 24 months, with 90% expressing a preference to consume edge services from a single partner that offers a central point of accountability and 94% declaring that “having more managed service options” is a top factor in making edge consumption easier.

“The growing need for faster processing and a distributed digital architecture is creating increased pressure on networks and infrastructure capabilities, driving both accelerated adoption of private 5G and edge,” said Shahid Ahmed, EVP New Ventures & Innovation at NTT Ltd. “Achieving the edge advantage will require end-to-end solutions with holistic management and uncompromising accountability. Only through utilizing these solutions can enterprises gain instant access to data, where it is generated or collected, with near zero latency, and harness it to drive powerful business outcomes.”

An industry view

The motivation behind edge adoption can vary from industry to industry. Among manufacturing firms, operational efficiency is the top-ranked edge investment driver, with data security second. Manufacturing firms are striving to be just-in-time organizations that meet and even anticipate market needs, turning data into competitive advantage. Here’s the breakdown of the top reasons to deploy edge solutions:

  • Increasing employee safety, experience, and efficiency (79%)
  • Streamlining/digitizing business processes (76%)
  • Improving customer experience/anticipating customer needs (74%)
  • Increase use of data insights for decision-making (72%)

When it comes to improving supply chain efficiency and resilience, 100% of healthcare, transportation and manufacturing organizations have had their edge expectations met or exceeded. The same can be said for increasing employee safety, experience, and efficiency in the energy sector.

Edge-optimized applications take advantage of low latency, predictability and high bandwidth for real-time data collection to perform according to industry- specific needs. With the benefits of edge clear, it’s hardly surprising that more than nine in ten (93%) respondents consider it a competitive advantage within their industry.

Complex environments

According to organizations that have already deployed edge, the top reasons to invest are to automate and integrate AI into business processes, and to gain real-time access to data. But achieving these objectives is a formidable challenge because they require:

  • Tight orchestration of hardware, platforms, systems and devices
  • Consistent operational performance without compromising security
  • Overcoming legacy infrastructure and technical debt

Organizations need help to navigate the complexity of adopting edge and next generation technologies into what is, traditionally, a complex and change averse environment. Legacy protocols and systems need to be carefully managed to ensure production is not impacted while migrations are in progress.

The challenges that an organization can encounter are key drivers in why 94% of enterprises partner for edge expertise and 90% want a single edge partner that can do it all. But those that successfully harness the benefits of edge can look to grow their business, improve agility, enhance sustainable business practices, and improve quality control.

“Organizations striving to become real-time enterprises need help beyond design and launch of edge solutions,” said Camille Mendler, chief analyst at Omdia. “Managed services offer a pragmatic and adaptive way to keep ahead of complexity.”

Journey to the edge

At the end of last year, NTT announced the launch of its Edge as a Service offering in collaboration to help secure, optimize and simplify organizations’ digital transformation journeys. Leveraging NTT’s network infrastructure capabilities and global footprint, the managed edge compute platform gives enterprises the ability to deploy quickly and securely manage and monitor applications closer to the edge.

At the end of the report, NTT has outlined a guide with suggested starting points and pathways for organizations to consider before embarking on their edge journey. To read the full ‘2023 Edge Advantage Report’ click here.

Hashtag: #NTT

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

About NTT Ltd.

As part of NTT DATA, a USD 30 billion IT services provider, NTT Ltd. is a leading IT infrastructure and services company serving 65% of the Fortune Global 500 and more than 75% of the Fortune Global 100. We lay the foundation for organizations’ edge-to-cloud networking ecosystem, simplify the complexity of their workloads across multicloud environments, and innovate at the edge of their IT environments where networks, cloud and applications converge. We offer tailored infrastructure and ensure consistent best practices in design and operations across all of our secure, scalable and customizable data centers. On the journey towards a software-defined future, we support organizations with our platform-delivered infrastructure services. We enable a connected future. Visit us at

Udokan Copper helps restore Siberian sturgeon population as part of its ESG program

MOSCOW, RUSSIA – Media OutReach – 2 June 2023 – Udokan Copper, one of the largest industrial companies operating in Russia’s Far East, is funding a program to restore the population of Siberian sturgeon (Acipenser baerii), a rare fish included in the IUCN Red List of endangered species, as part of its comprehensive ESG program.

At the end of May, the first batch of about 14,000 Siberian sturgeon fry was released into the Chara River in the Kalar district of the Trans-Baikal region, where Udokan Copper is based. Udokan Copper organized a special flight using the regional aircraft AN-2 to deliver the fry from Chita in special containers.

The company plans to release a total of 300,000 fry into the Chara, which is part of the Lena River basin, over the next seven years to restore the population of Siberian sturgeon which was depleted during Soviet times, said Ivan Makarov, Head of the Environmental Safety Service at Udokan Copper.

Supplying metal for the green energy transition, Udokan Copper takes a responsible approach to its own environmental footprint. The company uses hydrometallurgy instead of the environmentally harmful pyrolysis process. Udokan Copper also plans to reduce the carbon intensity of its production by 75% by 2030. In 2023, the National Rating Agency of Russia included Udokan in its ESG list for manufacturing companies, recognizing the Company’s efforts to develop its business based on sustainable development goals.

Hashtag: #UdokanCopper

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

About Udokan Copper

Established in 2008 to develop the Udokan Copper Deposit, Udokan Copper is part of the diversified USM Group. Udokan is Russia’s largest undeveloped copper deposit with over 26 million tonnes of copper resources and a JORC copper grade of 1.05%.

The deposit sits in the Kalarsky District of the Trans-Baikal Territory, 30 km from the Novaya Chara station of the Baikal-Amur Mainline. Under the project, a mining and smelting plant is to be commissioned that will produce cathode copper and sulphide concentrate. The production volume will be 135 thousand tonnes of copper per year.

BingX Launches Special Events for Peer-to-Peer Crypto-Fiat Traders, Providing Rewards for First Trades

SINGAPORE – Media OutReach – 2 June 2023 – BingX, the leading social trading platform, is proud to announce its innovative peer-to-peer (P2P) trading feature, empowering users to buy and sell cryptocurrencies directly with P2P merchants at the best agreed-upon prices. With BingX P2P, traders can enjoy reduced fees, enhanced trust and security, community interaction, and competitive pricing, making it the go-to platform for seamless and rewarding crypto trading experiences.

One of the standout advantages of BingX P2P trading is the significantly reduced fees compared to traditional centralized exchanges. By eliminating intermediaries, users can save on trading fees, withdrawal fees, and other related costs, maximizing their potential profits.

To ensure secure transactions, BingX P2P trading employs advanced security measures. These systems hold funds in neutral accounts until both parties fulfill their obligations, effectively reducing the risk of fraud or disputes, and enhancing trust and security.

In addition, BingX P2P fosters a vibrant and supportive trading community. Traders can connect with fellow enthusiasts, share knowledge, and exchange experiences directly, creating an engaging and collaborative environment. The platform’s emphasis on community building sets BingX apart from traditional exchanges and adds value to the overall trading experience.

BingX P2P trading also offers competitive pricing, allowing sellers to set their own prices while providing buyers the freedom to choose from a variety of attractive offers. This direct nature of transactions ensures favorable pricing for both parties, giving traders an edge compared to centralized exchanges that may impose fees or less competitive rates.

With over 30 fiat options, including USD, EUR, IDR, and PHP, and support for nearly 300 payment methods worldwide, BingX P2P offers unparalleled accessibility and convenience for traders across the globe. The platform is committed to continuously expanding its fiat currency offerings to cater to the diverse needs of its growing user base. Users can buy or sell their USDT onto their BingX wallets and continue their trading activities as BingX offers seamless transfer of funds within the platform. Users can trade pairs like XRP USDT , and after ETH USDC as long as they convert their funds to the appropriate stablecoins.

To celebrate the rise of BingX P2P, BingX is running an exclusive event until June 9, 2023 (24:00 UTC+8). By applying to become a P2P merchant during this period, users can enjoy the benefits of zero security deposit and receive a generous $88 gift pack for their first P2P trade. To claim the bonus reward, participants must complete the account registration, apply and become a P2P merchant, and successfully complete their first P2P trade.

As a social trading platform, BingX aims to foster a thriving community by encouraging active participation and knowledge-sharing among its users. Traders can engage in discussions, learn from experts, and access 24/7 exclusive support, ensuring a seamless trading experience.

Hashtag: #bingx #cryptoexchange

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

About BingX

Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way.

Prince Holding Group and CanCham Explore Synergies for Future Partnerships in Cambodia

PHNOM PENH, CAMBODIA – Media OutReach – 1 June 2023 – Prince Holding Group (PHG) recently hosted members of the Canadian Chamber of Commerce in Cambodia (CanCham) for a courtesy visit and dinner at its corporate headquarters. The purpose of this event was to introduce CanCham members to the Group’s innovative activities and explore potential collaborations.

PHG_CanCham.png
Prince Holding Group (PHG) hosted members of the Canadian Chamber of Commerce in Cambodia at PHG Headquarters

CanCham, dedicated to supporting Canadian companies and entrepreneurs in Cambodia, discovered shared values of networking, collaboration, and innovation with PHG, forging a valued connection between the two organizations.

“We value corporate visits as they provide our members with insights into business activities and potential collaborations. Prince Group, one of the largest conglomerates in Cambodia, has initiated and undertaken several remarkable projects that have significantly contributed to the development of the country and the Cambodian economy. Prince is a reliable source for Canadian investors in the kingdom,” said Frederic Proulx, Chairman of CanCham. “CanCham’s mission is to promote and support Canadian businesses in Cambodia, and this event perfectly aligns with that mission. We firmly believe in the power of collaboration and networking, and partnering with a dynamic and innovative organization like Prince Holding Group holds immense potential. This visit marks the beginning of what we hope will be a fruitful relationship,” he added.

“At Prince Holding Group, our business units have expanded to include multinational management teams over the years. Courtesy visits from international business chambers provide an excellent window of opportunity to enhance the entrepreneurial and innovative skills of our employees, enabling us to better serve the needs of our local customers and international investors,” said Gabriel Tan, Chief Communications Officer at Prince Holding Group.

As Cambodia’s economy continues to thrive, foreign businesses are increasingly attracted to the opportunities within the Kingdom. With a diverse portfolio spanning real estate development, financial services, and consumer services, Prince Holding Group provided CanCham delegates with a comprehensive understanding of its business activities, sparking ideas for potential collaboration in the future.

This recent dinner hosted by PHG for CanCham represents a milestone in fostering new collaborations and establishing valuable connections. It underscores the promising future that lies ahead as Cambodia continues to attract a growing number of international businesses.

Hashtag: #PrinceHoldingGroup

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, Cambodia Airways, Belt Road Capital Management, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 100 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and 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.

Hong Kong In-Home Expo 2023 Opens Today

The largest-ever public access, one-stop home expo

HONG KONG SAR – Media OutReach – 1 June 2023 – Organized by Exhibition Group Limited, the largest-ever public access one-stop home expo “Hong Kong In-Home Expo 2023” commences today for a four-day run at the Hong Kong Convention and Exhibition Centre. With over 620 quality brands of home goods, appliances, and bedding, alongside numerous interior design and renovation companies and various home service providers, the Expo seeks to promote Hong Kong and regional architecture, household products, design industry, and technological innovation. The expo brings together innovative home designs, household items, renovation materials, and electronic furniture, striving to create an ideal cozy nest for Hong Kong citizens.

(From Left) Mr. David Chan, Director of Ricacorp Properties, Ms. Shirley Chu, General Manager of Exhibition Group, Mr. Gary Lui, Vice Chairman of FHKI Group 10 (Hong Kong Furniture Council), Mr. Carl Wong, Chairman of Exhibition Group, Dr. Bernard Chan, Under Secretary for Commerce and Economic Development Bureau, Ms. May Leung, Chairman of the Hong Kong Furniture and Decoration Trade Association, Mr. Ken Fung, Chairman of the Design Council of Hong Kong, Ms. Christine Lo from Hang Seng Bank (Head of Card Business) and Lawyer Mr. KK Lai

Today’s opening ceremony was graced by Dr. Bernard Chan, Under Secretary for Commerce and Economic Development Bureau, Mr. Carl Wong, Chairman of Exhibition Group, Ms. Shirley Chu, General Manager of Exhibition Group, Ms. May Leung, Chairman of the Hong Kong Furniture and Decoration Trade Association, Mr. Gary Lui, Vice Chairman of FHKI Group 10 (Hong Kong Furniture Council), Mr. Ken Fung, Chairman of the Design Council of Hong Kong, Ms. Christine Lo from Hang Seng Bank (Head of Card Business), Mr. David Chan, Director of Ricacorp Properties, and Lawyer Mr. KK Lai.

With the lifting of epidemic prevention measures in Hong Kong and mainland China, the economic atmosphere has greatly improved, with private consumption expenditure notably increasing, up 12.5% year-on-year in the first quarter of this year. Local demand strongly recovered, with the first quarter’s real GDP growing by 2.7% year-on-year, ending a four-quarter decline. The resurgence in economic growth is mainly driven by the significant increase in local demand, which will continue to be the main driving force of this year’s economic growth, supporting the return of the largest-ever Hong Kong In-Home Expo 2023.

Mr. Carl Wong, Chairman of Exhibition Group, pointed out: “With the distribution of consumption voucher, the consumption atmosphere has improved, and citizens are generally willing to invest more in home design and household items to improve the quality of life, thus enhancing overall happiness. Recently, we have noted disputes over decoration and design; the Hong Kong In-Home Expo 2023 aims to connect consumers with brands and relevant experts and scholars, enabling consumers to make savvy purchases and avoid pitfalls.”

The Hong Kong In-Home Expo 2023 showcases the latest, most unique, and diverse furniture products, with three major themes including interior design and building materials, furniture/bedrooms/bathrooms and kitchens, and home appliances and lifestyle areas. It covers five key elements: interior design, unique building materials, household items, home equipment, household appliances, and products, showcasing a wide array of home goods and designs. During the four-day event, several activities such as “Learn to Read Renovation Quotes to Avoid Pitfalls”, “Multiple Perspectives on Building Repair Laws”, “2024 Auspicious House Layout”, “Learn More about Fire Insurance, Save More” and “Hong Kong Furniture Association NEXT in Home Seminar” are featured. There’s also a “Grab to Buy” event during the exhibition period, where visitors have the chance to buy their favorite home products at extremely low prices.

In-Home Expo 2023

Date Jun 1 to 4, 2023 (Thurs to Sun)
Time 12:00nm to 9:00 pm (Jun 1 to 3)

12:00nm to 8:00 pm (Jun 4)

Location Hall 1 CDE, Hong Kong Convention and Exhibition Centre
Website https://www.exhibitiongroup.com.hk/exhibitions/inhomeexpo

Hashtag: #Home #ExhibitionGroup #InHomeExpo

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

Authorities Plan to Connect Vientiane-Vang Vieng Expressway to Xaysomboun Province

Authorities in Vientiane and Xaysomboun provinces have discussed a corridor plan on the Vientiane-Vang Vieng Expressway to connect the two provinces.

LOCA Leads E-Mobility Revolution, Paving Way For Sustainable Future in Laos!

LOCA Leads the E-Mobility Revolution, Paving the Way to a Sustainable Future in Laos!
Fleet of LOCA's EVs.

LOCA, a leading player in the mobility service, is making waves with its remarkable progress in embracing electric mobility and contributing to a greener future. The company recently shared an exciting update on its EV transition journey, highlighting significant milestones achieved thus far.