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EC Holdings Launches Global Investment Migration Services

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Laotian Times
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Hon. Philippe A. May is appointed CEO to spearhead operations

SINGAPORE – Media OutReach – 2 September 2022 – Global investment migration firm, EC Holdings, commences operations with the launch of its Singapore Headquarters and the appointment of the Hon. Philippe A. May as Chief Executive Officer. Recognising the value of acquiring alternative residence and citizenship-by-investment (CBI) migration in the 21st century, the highly experienced leadership team offer advice and expertise, enabling greater flexibility, security and access to the world’s major economies.

Hon. Philippe A. May

Channelling over a decade of experience in Estate and Investment Immigration Planning, Private Banking, Insurance, and Diplomacy, EC Holdings Co-Founder, the Hon. Philippe A. May, has been appointed CEO. Most recently the Managing Director of Arton Capital (Singapore) Pte Ltd, Philippe is a qualified Associate Financial Planner (AFP™), an Associate Estate Planning Practitioner (AEPP®) and a member of the Financial Planner Association of Singapore (FPAS).

“As a Singaporean, I am immensely proud to lead the first global investment immigration company headquartered here. HNWIs are paying more attention to their residence and citizenship portfolio. Our team of experienced, licensed partners are able to offer the best solutions across 5 continents. We have our own offices on site in most of our investment immigration destinations, so clients can rest assured that they are in the best hands,” said the Hon. Philippe A. May, Co-Founder and Chief Executive Officer of EC Holdings.

Co-Founder and Chairman, Kevin A. D. Hosam, and Co-Founder, Martin St. Hilaire, complete the EC Holdings Founding team. Collectively, the threesome boast more than a quarter of a century of experience in investment migration; thus, EC Holdings are able to seamlessly navigate complex and ever-changing systems and legalities to present best-in-class solutions based on the requirements, family size, and education credentials of each individual client.

“I have been in the CBI industry since Antigua and Barbuda started its citizenship program. Now, I am looking forward to extending the outreach of our citizenship program through our network of senior RCBI professionals under the roof of one new global company – EC Holdings,” said Kevin A. D. Hosam, Co-Founder and Chairman of EC Holdings.

Aside from the senior leadership team, EC Holdings has partnered strategically with specialist agents in key operational markets (Bahamas, Latvia, Nigeria, St. Kitts and Nevis, St. Lucia and Türkiye) bringing them on as equity partners. With ample local knowledge and insights, these partners strengthen the hands-on approach employed by EC Holdings.

“Amongst the unique solutions of EC Holdings are services in Vanuatu, Bahamas, Uruguay, Latvia and Paraguay, which no global investor immigration firm offers so far. I have lived in Vanuatu for the past 20 years and am a citizen myself, so I am looking forward to enabling more clients to reap the benefits of Vanuatu Citizenship,” said Martin St. Hilaire, Co-Founder of EC Holdings.

Fuelled by increased global uncertainty and the restrictions thrust upon freedom during the COVID-19 pandemic, EC Holdings identified an uptick in the number of clients desiring alternative citizenship and residency options. Increased global mobility is a strong pull factor for clients seeking escape from political or economic threat, new business opportunities, and the option to swiftly move to a new jurisdiction. Access to improved healthcare, education services and a more comfortable way of life are further reasons for seeking migration through investment, whilst reduction of tax burdens and fiscal and family planning are other key factors.

As the first and only global investor migration firm with solutions in the Bahamas, Latin America, Latvia and Vanuatu along with the more familiar countries such as Saint Lucia and Portugal, EC Holdings offers two kinds of programs; citizenship-by-investment and residency-by-investment. Citizenship-by-investment programs offer clients the privilege of acquiring a second citizenship and the right to travel freely to various destinations and settle in another county. EC Holdings meticulously and constantly review investment migration legislation from over 100 countries globally and select the most beneficial and successful investment citizenship programs for clients. Meanwhile, residency-by-investment programs enable opportunities to move, live, work, study, and receive health care in a new country of residence. EC Holdings offers expert advice on residency-by-investment programs in some of the best places in the world in terms of business environment, quality of life and opportunity.

Hashtag: #ECHoldings

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

About EC Holdings

EC Holdings facilitates the acquisition of the world’s most attractive citizenship and residence by investment options, taking into account quality of life, mobility, taxation, privacy and security. The highly experienced team understand client expectations to find attractive solutions that meet the unique needs of each investor and their family.

EC Holdings offer residence-by-investment solutions in Bahamas, Latvia, Paraguay, Portugal and Uruguay.

EC Holdings offer citizenship-by-investment solutions in Antigua and Barbuda, Türkiye, St Kitts and Nevis, St Lucia and Vanuatu.

250,000 Thai Tourists Visited Laos Between May and July

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Laotian Times
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Thai tourists participate in a morning almsgiving ceremony in Luang Prabang (Photo - Ven. Bounhao Panyasouk)
Thai tourists participate in a morning almsgiving ceremony in Luang Prabang (Photo - Ven. Bounhao Panyasouk)

Thanks to the high-speed Laos-China railway connectivity, Laos has been seeing a steady stream of visitors from Thailand. 

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Young Monks Injured in a Hit-and-Run Incident in Vientiane Province

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Laotian Times
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Monks and novices walking to receive offering in the morning.

Yesterday, a car hit two young monks while they were on the street collecting alms from people in Phonhong District.

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Top Credit Rating Agency Plans to Withdraw its Rating for Laos

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Laotian Times
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Patuxay at sunrise in Vientiane, Laos

Fitch recently announced that it plans on withdrawing its rating for Laos by the end of September. 

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Five Ways You Can Help Flood Victims in Oudomxay

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Laotian Times
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Flood victims in La District.

Major districts in Oudomxay Province have recently been affected by a tropical storm. Heavy flooding has led to many residents losing their homes and becoming displaced overnight. If you want to help out the flood victims, here are five verified places you could consider donating to.

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ETHW DAO, an Extraordinary DAO Organization, is going to start its IEO Event

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Laotian Times
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GEORGE TOWN, CAYMAN ISLANDS – Media OutReach – 2 September 2022 – Recently, ETHW DAO, the Extraordinary DAO Organization Relying on Coin-up, announces its first round of IEO from 2pm, September 1 to 2pm September 10 (GMT+8), Users can participate in by logging into Coin-up. Aiming to provide scalable technical, financial and community support for the continuation of ETHPOW to continue the POW consensus mechanism. $ETHDA will serve as an incentive token to form an economic closed loop in the internal and external ecology of ETH.

After a whole year of in-depth exploration, ETHW DAO launches a revolutionary alternative of metaverse by innovatively combining 2 emerging technologies, Metaverse and Dao, empowered by Web3 construction, where rights for the people, by the people.

Based on the principle of democratic autonomy, ETHW DAO has set up a unique reputation token mechanism, which is a set of contribution criteria based on which reputation metrics are created. Community members can earn their Reputation Tokens (NFTs) by crowd funding, voting, providing research reports, and completing tasks. Members can exercise corresponding rights that match their reputation metrics. This means that personal contributions should be the true measure of the governing rights for the community.

ETHW DAO community members are divided into 3 segments. The first segment is called Original DAO, in which members are granted a certain amount of private placement at the beginning of the project. The members of Original DAO are to become the highest level of decision-making. The second segment is made up by ETHW DAO Token holding member, which is the segment that can make initial proposals for the organic ecology to be built in the future. And the third segment is constitute of sub-DAO members, which links to global resources.

Under the governance principles based on Reputation Tokens, ETHW DAO creates a Community Token Mechanism based on ERC20 protocol to create a complete economic model, called Community Tokens, $ETHDA, which have been issued in the amount of 200,000,000.

Of $ETHDA, 9% of the tokens are given to start-up contributors for outstanding community projects and 11% of the tokens are given to ETHW DAO Labs for outstanding community members. This aims to motivate all community residents to proactively contribute to its building. 45% of $ETHDA is used for circulation within the internal ecosystem; 15% of $ETHDA is used for sales; 15% is used for liquidity; and the remaining 5% is used for private placement.

Based on this economic model, ETHW DAO has established an NFT mechanism to facilitate the circulation of $ETHDA, where each community builder will be distributed an NFT in the future. These NFTs can be traded in NFT marketplace once all 10,000 NFTs are activated. Long-term NFT holders will receive NFT as interest on their earnings.

ETHW DAO prospects to be the organization that helps people in the real world connect to the metaverse and unleash the creativity of the metaverse by developing quantum computing tools, integrating virtual land and NFT, and creating a hyper ledger. In the world built by ETHW DAO, rights of the people, for the people, and members of ETHW DAO community in the metaverse will be empowered by the democratic self-governing philosophy of DAO.

Hashtag: #ETHWDAO

Cambodian Government Upset with Beauty Pageant Costumes

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Laotian Times
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Two controversial costumes.

The Cambodian government has expressed displeasure at Miss Grand Cambodia over the outfits worn by the contestants of the beauty pageant.

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Virtuos Launches Co-Development Studio Calypte in North America

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Laotian Times
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Calypte aims to bring expertise in distributed development, accelerated career paths and exposure to diverse AAA video game titles to talent in the Bay Area

SINGAPORE – Media OutReach – 1 September 2022 – Virtuos, a leading global game development company, today announced the launch of Calypte – a Virtuos Studio, its co-development and first full-service studio in North America covering all aspects of video game production including art, design, and engineering.

Based in the Bay Area, Calypte’s proximity to a major game development hub enhances collaboration between Virtuos and its partners through stronger alignment on project requirements and shorter turnaround time. Leveraging Virtuos’ established distributed development model, scale, and expertise, partners will be provided round-the-clock support to deliver bigger games in faster iterations – which is essential to meeting the growing consumer demand for high-quality live content.

Kirsten Kennedy, Studio Director of Calypte - a Virtuos Studio
Kirsten Kennedy, Studio Director of Calypte – a Virtuos Studio

Calypte is led by Studio Director Kirsten Kennedy. An award-winning producer, Kirsten brings with her over two decades of experience in the game industry, which includes 14 years in development production and four years in publishing production. Some notable AAA game franchises she has worked on include The Walking Dead, Sid Meier’s Civilization, and Grand Theft Auto. As part of the Virtuos North America team, she will work alongside Jake DiGennaro, General Manager, North America at Virtuos.

Building upon Virtuos’ success in operating virtually throughout the pandemic period, Calypte is a new concept studio that promotes flexible working. Its employees are encouraged to work from anywhere – at home, in the office, or in a hybrid manner. The studio will also host employees from Virtuos’ 12 other studios worldwide, allowing for integration and interoperability across the company’s global network. Additionally, Calypte’s strategic location in the Bay Area allows it to leverage the region’s expertise in game development, storytelling, and technology.

Jake DiGennaro, General Manager, North America at Virtuos said, “We saw the opportunity to bring Virtuos’ values and expertise in distributed game development to the Bay Area. With the launch of Calypte, we look to provide alternative and accelerated career paths with opportunities to work on diverse AAA games. We also remain dedicated to creating an inclusive environment that fosters and embraces creative endeavors – and ultimately, the making of great games.”

Kirsten Kennedy, Studio Director, Calypte said, “I’m excited to be joining the Virtuos family and am honored by the trust that Jake and the team have in me to steer our growth in North America. From the concentration of gaming studios in the region to the diverse pool of highly-skilled and experienced gaming talent, the Bay Area is a fantastic place to grow our studio.”

The establishment of Calypte marks Virtuos’ fourth expansion this year alone, starting with the acquisition of Volmi in Kyiv. That was followed by its scaling up in Southeast Asia with the acquisition of Glass Egg in Ho Chi Minh City and the official launch of Virtuos Kuala Lumpur. In 2020, Virtuos expanded in North America with the acquisition of CounterPunch in Los Angeles and the establishment of Virtuos Montreal.

Hashtag: #Virtuos #Calypte

About Virtuos

Founded in 2004, Virtuos is a leading global video game development company headquartered in Singapore with studios across Asia, Europe, and North America. With over 3,000 full-time professionals, Virtuos specializes in game development and art production for AAA consoles, PC, and mobile titles, enabling its partners to generate additional revenues and achieve greater operational efficiency.

For over a decade, Virtuos has successfully delivered high-quality content for more than 2,000 projects and its clients include 18 of the top 20 digital entertainment companies worldwide. More information at .

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