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Laos Confirms 2,272 New Cases of Covid-19

Covid-19 Update for Laos
Covid-19 Update for Laos

Laos has recorded 2,272 cases of Covid-19 across the country today.

Laos to Approve More Than 300 New Mining Projects

A mining operation in Laos (Investment Promotion Department)
A mining operation in Laos (Photo: Investlaos.gov.la)

Laos is considering the approval of 308 new mining investment projects across the country. 

Refinitiv Announces Winners of 2022 Thailand FX Awards

BANGKOK, THAILAND – Media OutReach – 5 April 2022 – Refinitiv, an LSEG business, has announced the winners of its FX Trading Awards 2022 for Thailand’s trading community.

The FX Awards aim to promote transparency and liquidity in the Thailand foreign exchange market and to recognize its importance to the broader local economy. Award winners were determined based on trading activity on Refinitiv’s FX trading platforms.

Refinitiv was appointed as the Official Calculating Agent for the Bank of Thailand’s transactions-based Thai Baht benchmark in 2019 to enhance Thailand’s FX and implied interest rate benchmarks, and better reflect the growth and evolving nature of Thai financial markets.

Foreign exchange remains one of the world’s most actively traded asset classes. The average daily volume (ADV) of foreign exchange trading across Refinitiv’s FX platforms globally totaled $491 billion in January 2022, with the average daily volume for spot trading at $97 billion.

“Refinitiv would like to extend a big congratulations to all the winners at the 2022 Thailand FX Awards. This year we were honoured to have Alisara Mahasandana, Assistant Governor, Financial Markets Operations Group from Bank of Thailand, join us to deliver a keynote address on enhancing FX resiliency amid global uncertainties,” said Nigel Fuller, Sales Director, FX Trading, Asia at Refinitiv.

He added “Refinitiv has had a presence in Thailand since 1996, and as one of the world’s largest providers of financial markets data and infrastructure, we are committed to supporting an efficient, transparent and resilient financial marketplace in the Thai market.”

The 2022 Thailand FX Award Winners are as follows:

  • Best THB FX Data Contributor (THB Spot) – CIMB Thai Bank PCL
  • Best THB FX Data Contributor (Local Cross Currency) – CIMB Thai Bank PCL
  • Best THB Interest Rates Data Contributor (Interest Rate Swap) – Bangkok Bank PCL
  • Best THB Interest Rates Data Contributor (Money Market) – Sumitomo Mitsui Banking Corporation, Bangkok Branch
  • Best OIS Data Contributor – Kasikornbank PCL, Siam Commercial Bank PCL, Bangkok Bank PCL and Standard Chartered Bank (Thai) PCL
  • Best USD/THB FX Bank – Siam Commercial Bank PCL
  • Best Foreign Currency FX Bank – Krungthai Bank PCL
  • Best Bank – Refinitiv Matching – HSBC
  • Best FXall Corporate Client – Toyota Motor Thailand Co., Ltd.

    For further information on Refinitiv’s FX solutions, visit here.

    About Refinitiv, an LSEG business

    Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With more than 40,000 customers and 400,000 end users in approximately 190 countries, Refinitiv is powering participants across the global financial marketplace. Refinitiv provides information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, Refinitiv connects people with choice and opportunity – driving performance, innovation and growth for its customers and partners.

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

    ADB: Laos Has Reformed Business Development, But More Needs To Be Done

    ADB report says Laos should improve business development
    New ADB report says more should be done to improve the business climate in Laos.

    Laos’ regulatory environment for business development has improved, but more must be done to speed up the country’s economic recovery.

    100 Young and Bright ‘Chen Zhi Scholarship’ Students Selected to Pursue Tertiary Education

    Awardees expected to help Cambodia work towards achieving a sustainable future

    PHNOM PENH, CAMBODIA – Media OutReach – 5 April 2022 – Prince Foundation, the philanthropic arm of Prince Holding Group, one of Cambodia’s largest and fastest-growing conglomerates, announced the names of 100 young and bright Cambodian minds as the inaugural batch for the Chen Zhi Scholarship.

    IMG-001.jpeg

    The scholarship program is a progressive initiative under the leadership of philanthropist Chen Zhi, Chairman of Prince Holding Group, in collaboration with MoEYS. The recipients will be pursuing their education goals through reduced barriers such as limited financial circumstances in their academic journey. The scholarship will foster future talents for the sustainability of Cambodia’s major sectors, such as flourishing construction in the real estate sector, advancing financial inclusion and the digital economy in the banking and finance industries, and helping to promote world-class hospitality standards meeting the future human capital needs of the local economy. In addition, this will open doors for Cambodia to raise its standard competitively in the international arena.

    “We were excited to receive more than 1,500 applications submitted over three months for the inaugural batch of Chen Zhi Scholarship,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “We have now finalised a hundred top achievers across Cambodia in hopes of ensuring more talents receive a solid foundation in pursuing their dreams, to build a better future for Cambodia.”

    This is the first-ever large-scale scholarship offered by Prince Foundation seeking to boost young Cambodians morale since the onset of the Covid-19 pandemic. The selection process was led by MoEYS with full support from Prince Foundation members. At the beginning of February, more than 200 applicants who performed well in their baccalaureate examinations were shortlisted and interviewed. The scholarship will offer full fees and stipends for students pursuing Bachelor’s degrees at top Cambodian universities, including Royal University of Phnom Penh, National University of Management, and Institute of Technology of Cambodia.

    Prince Group is working to ensure the scholarship works towards achieving the goals outlined in the Education Strategic Plan (2019-2023) that has been designed to implement much-needed education, youth, and sports reforms.

    “With this scholarship program, we hope to play a part to improve and elevate the education level as well as through other ESG initiatives and thought leadership activities planned out this year. We seek to empower the 100 scholars further with various work and learning opportunities should they choose to work with us,” added Gabriel.

    About Prince Holding Group:

    Prince Holding Group is one of the largest conglomerates in Cambodia, with its various units focusing on three core areas: 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 80 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors etc.

    Rising foreign direct investment, free trade agreements with leading countries, and future participation in the Regional Comprehensive Economic Partnership are expected to act as key drivers for the Cambodian economy, supported by pro-industry policy initiatives by the government.

    Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group has laid the foundation to be a vital conduit for local and international capital. The Group is firmly committed to the long-term development of Cambodia. For example, Prince Holding Group is developing , an upcoming tourism and residential project that will be one of Cambodia’s first sustainable real estate projects, aiming to secure $16 billion in total investment for the region. Located conveniently within a 10-minute drive from the Sihanoukville International Airport, the project aims to contribute to economic recovery in Sihanoukville.

    #PrinceHoldingGroup

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

    Feasibility Study Underway for Vientiane to Houaphanh Expressway

    Vientiane to Houaphanh Expressway
    A bridge over the Vientiane to Vang Vieng Epxressway.

    An expressway linking Vientiane Capital with Houaphanh Province is closer to reality after a feasibility study for the project was announced yesterday.

    City Chain Launches Limited Edition Dragon Ball Z Themed Solvil et Titus Timepieces

    Swiss-Hong Kong watchmaker Solvil et Titus and classic anime and manga series “Dragon Ball Z” have announced a new collaboration consisting of 7 Dragon Ball Z-themed timepieces. City Chain is bringing these exclusive timepieces to Singapore while stocks last, with the collection launching on 7 April 2022.

    SINGAPORE – Media OutReach – 5 April 2022 – Limited edition watch collectors and Dragon Ball Z fans alike can look forward to a new collaboration between watchmaker Solvil et Titus and the iconic manga and anime series Dragon Ball Z.

    This is the second pop culture-themed collaboration for Solvil et Titus, following the watchmaker’s first capsule collection featuring PEANUTS characters.

    Comprising 7 Saber Collection timepieces inspired by famous Dragon Ball Z characters, each watch is designed with clear references to key story elements and character traits. City Chain will be launching this new collection in Singapore for a limited time only, while stocks last.

    Redefining Solvil et Titus’ Saber Collection with an ode to friendship

    This limited-edition timepiece collection is Solvil et Titus’ first collaboration with Dragon Ball Z, and is a homage to the nostalgia and inspiration that made the Dragon Ball Z anime and manga a worldwide success.

    Belonging to Solvil et Titus’ wider Saber Collection, each watch has the Saber’s extra-thick faceted crystal surface with embossed dials, textured hour markers, a chronograph display, and a tough and durable leather strap with two-tone stitching.

    The Saber’s refined and masculine silhouette is further imbued with new colourways and minute details that echo key plot points in the Dragon Ball Z series – honouring the series’ universal themes of friendship, fortitude, and strength.

    Going “Super Saiyan” with a tribute to a timeless classic

    Whether you are a limited edition timepiece collector, a lifelong fan of Dragon Ball Z, or simply a manga and anime enthusiast who recognises the impact the series has left on popular culture, these keepsakes are a worthy addition to any watch collection.

    The characters featured include Goku, Son Gohan, Vegeta, Frieza, Buu, Cell, and Shenron – major heroes and villains alike who featured in the long-running series that revolved around Goku’s battle to save and protect the world.

    The inspiration stemming from each character’s signature outfit is clear across the 7 watch designs, such as the blue case and dial and orange gasket of the “Goku” Limited Edition; the blue, yellow, and white palette of the “Vegeta” Limited Edition; the white and purple details of the “Frieza” Limited Edition; and the bronze, green, and sand tones of the “Shenron” Limited Edition.

    Fans of Dragon Ball Z will also be happy to spot smaller details alluding to key icons of the series, such as the hour markers of 1 to 7 featuring the stars of the seven-star Dragon Ball, and each character’s face and original Japanese name engraved on the metal caseback.

    Each watch comes with a certificate of authenticity, an exclusive watch box, a watch cloth, and a tote bag all with a distinct Dragon Ball Z design.

    Numbered box sets containing all 7 watches will also be available in a limited run, appealing to Dragon Ball Z fans who are eyeing to add these timepieces to their memorabilia collection.

    The timepieces will be available for purchase on City Chain’s e-commerce website and Solvil et Titus’ website. Supply of collaboration gifts is limited, and available only while stocks last.

    About City Chain

    Since its establishment in 1985 as Hong Kong’s first watch retail chain, City Chain has expanded its retail footprint to nearly 300 locations across Asia, including Macau, Singapore, Malaysia, Thailand and Mainland China. City Chain prides itself on its diverse product offerings and industry-leading customer service. Today, City Chain is committed to staying updated with the latest trends, offering customers quality timepieces from prestigious international brands.

    #CityChain

    About Solvil et Titus

    Founded in Switzerland in 1887, Solvil et Titus has become synonymous with the Swiss watchmaking tradition of timekeeping precision. Following its acquisition by Hong Kong-based Stelux Holdings in the 1970s, Solvil et Titus has expanded its brand profile to include timepieces inspired by timeless nostalgia and touching emotional stories. The timepieces crafted by the brand today continue to express a deep appreciation for individual identity, with a focus on sentimentality and endless love.

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

    Razer Merchant Services Leverages Alipay+ to Expand Merchant Cross-Border Payment Offerings As Malaysian Borders Reopen

    The collaboration will enable merchants in Malaysia and Singapore to accept more cross-border mobile payments seamlessly and access users of leading global digital payment methods.

    SHAH ALAM, MALAYSIA – Media OutReach – 5 April 2022 – Razer Merchant Services (RMS), the B2B arm of Razer Fintech, announces the integration of Alipay+ solutions for more than 60,000 online and offline merchant touchpoints across Malaysia to expand its merchant offerings.

    Alipay+ will be implemented at payment touchpoints for RMS offline merchants from Malaysia’s retail, business, and food & beverage sectors. These merchants, familiar with accepting payments made by Chinese visitors using Alipay, can now process cross-border payments made by a wider range of leading global e-wallets and mobile bank apps and gain access to over one billion global consumers with one single technical solution. Moreover, with one-time deployment, merchants can access all future digital payment methods supported by Alipay+.

    Simultaneously, RMS has also integrated Alipay+ solutions for online merchants in Malaysia from the tourism, grocery, e-hailing, and Food & Beverage segments, including Riding Pink Sdn Bhd, the first all-women e-hailing application.

    Introduced by Ant Group in 2020, Alipay+ is a suite of global cross-border digital payments and marketing solutions designed to enable businesses, especially small and medium-sized businesses, to process a wide range of mobile payment methods and reach regional and global consumers. Leading e-wallets supported by Alipay+ include Touch ‘n Go eWallet in Malaysia, Kakao Pay (Republic of Korea), GCash (The Philippines), AlipayHK (Hong Kong SAR, China) and more.

    In 2020, Malaysia recorded 338 million mobile wallet transactions valued at USD 5.5 billion. A growth projection by Boku’s Mobile Wallet Report [1] 2021, suggests it will reach 3.7 billion mobile wallet transactions valued at USD 28.2 billion in 2025. As e-wallet usage grows exponentially in Southeast Asia within the next five years, businesses offering a variety of e-wallets options will be able to cater to shifting consumer behavior in a rapidly evolving payment landscape.

    In addition to the roll-out in Malaysia, efforts are also underway for RMS to implement Alipay+ solutions for its Singapore-based merchants later in the year.

    “The growth of eCommerce around Southeast Asia has rapidly increased the adoption of e-wallets, and RMS is proud to be partnering with Ant Group to contribute to this expansion. We are proud to provide Alipay+ solutions for our merchants in Malaysia and Singapore and will continue collaborating with Ant Group to expand and provide the most comprehensive payments methods to all of our merchants across the region,” said Lee Li Meng, CEO of Razer Fintech.

    “We believe that innovative digital solutions are key to accelerating the digital transformation of the service industry. Alipay+ helps partners including RMS to connect local merchants with global digital payment methods through one simple integration, so that to ease cross-border payments pain points and enable more merchants to adopt digital payments,” said Cherry HUANG, General Manager, Global Merchant Partnership, South and Southeast Asia, Ant Group. “On the back of gradual border openings in the region, our collaboration with Razer Merchant Services to innovate fintech and uncover new growth opportunities for businesses in Malaysia and Singapore is timely to prepare them towards recovery.”

    [1] (Boku, 2021, p. 30)

    ABOUT RAZER FINTECH 

    Razer Fintech is the financial technology arm of Razer Inc (1337: Hong Kong). Established in April 2018, Razer Fintech has grown to become one of the largest O2O (offline to online) digital payment networks in emerging markets and has processed over billions of dollars in total payment value. Razer Fintech recorded a Total Payment Volume (TPV) of US$7 billion for FY 2021, representing an increase of 63.5% year-on-year with its B2B arm, Razer Merchant Services (“RMS”), a major contributor to the figure.

    RMS, a leading B2B (business-to-business) solution encompasses:

    • RMS Online: Card processing gateway supporting global scheme cards and over 110 payment methods, powering online payments for global and regional blue-chip merchants in SEA.

    • RMS Offline: SEA’s largest offline payment network of over 1 million physical acceptance points across SEA. RMS Offline also extends point-of-sale services (such as bill payments and telco reloads), cash-over-counter services including fulfilment of e-commerce purchases, distribution of third-party point-of-sale activation (POSA) cards, and merchant acquiring services for third-party e-wallets.

    For more information, please visit our website at .

    Merchants interested in online payment services, may email us at .

    Merchants interested in offline reloads, may email us at .

    About Alipay+

    Alipay+ provides global cross-border mobile payments and marketing solutions that enable merchants, especially small and medium-sized businesses, to better serve consumers around the world by collaborating with global partners.

    Alipay+ is introduced by Ant Group, the owner and operator of Alipay. One of the world’s leading digital payment platforms, Alipay serves hundreds of millions of users by connecting them with merchants and partner financial institutions that offer inclusive financial services and digital daily life services.

    #RazerFintech #Alipay+

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