Lao Brewery Company is one of the top taxpayers in Laos, making annual tax payments of over LAK 2 trillion each year.
Vehicles Under 350cc Prohibited from Expressway Use
Vehicles with engine capacity under 350cc will not be permitted on the Vientiane to Vang Vieng Expressway, according to a new report.
25th Case of Covid-19 Confirmed in Laos
The National Taskforce for Covid-19 Prevention and Control has announced that Laos has confirmed its 25th case of Covid-19 today.
Vientiane Markets and Malls Move to Reduce Plastic
Seven shopping centers and two markets in Vientiane Capital have agreed to reduce their reliance on single-use plastic under a plan expected to commence next year.
Laos-China Railway Construction Faces Unique Challenges
The Laos-China Railway construction project is progressing well but is not without its fair share of challenges, according to officials in charge of the project.
Cambodia Provides 2 Million Face Masks to Laos
Cambodia has provided two million face masks and other medical supplies to Laos to assist the country in its fight Covid-19.
Laos Among 15 Nations to Sign RCEP, World’s Biggest Trade Pact
Laos, China, and thirteen other countries have agreed to establish the RCEP, the largest free-trade bloc in the world, comprising nearly a third of all global economic activity.
RHB APPOINTS NEW GROUP CHIEF ECONOMIST
RHB Banking Group (“RHB”) announces the appointment of Dr. Sailesh Kumar Jha as Group Chief Economist, effective today, 5 November 2020. Dr Jha will be leading RHB’s Economic and Market Research team, which also includes Foreign Exchange and Fixed Income Strategy.
Dr. Jha is a seasoned economist with over 20 years of experience covering Asia where he provided in-depth coverage of global central banks, macroeconomic trends, and financial markets across all asset classes. Prior to joining RHB, he was Chief Asia Economist at Credit Suisse Private Bank, Singapore with focus on China, India, and Southeast Asia, while providing input on Global macroeconomic and financial markets developments. Dr Jha has also served as an Economist for Asian Development Bank and as a consultant for World Bank, as well as holding various senior positions in global investment banks including Credit Suisse Investment Bank, Barclays Capital, and Jefferies Group.
In addition to his roles at financial institutions, Dr. Jha was also a faculty member at the Chinese University of Hong Kong and possesses several years of experience as a Mechanical Engineer.
“Dr Jha’s appointment will further strengthen the capabilities of our research team. With his vast experience and in-depth market knowledge of the Asia pacific region, Dr Jha will be able to provide expert advice and views on Global macroeconomic, financial market developments as well as emerging market trends across the region,” said Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Group.
Dr. Jha holds a PhD in Economics from the University of Washington, USA as well as an M.A. in Economics, M.S. in Mechanical Engineering, and a B.S. Degree in Aerospace Engineering from Boston University, USA.
The RHB Banking Group, with RHB Bank Berhad as the holding company, is the fourth largest fully integrated financial services group in Malaysia. The Group’s core businesses are structured into seven main business pillars, namely Group Retail Banking, Group Business & Transaction Banking, Group Wholesale Banking, RHB Singapore, Group Shariah Business, Group International Business and Group Insurance.
Group Wholesale Banking comprises Corporate Banking, Investment Banking and Group Treasury & Global Markets. All the seven business pillars are offered through the Group’s main subsidiaries – RHB Investment Bank Berhad, RHB Islamic Bank Berhad and RHB Insurance Berhad, while its asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.
The Group’s regional presence now spans nine countries including Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, China, Vietnam, Lao PDR and Myanmar.
RHB Bank Lao Limited marks its 6th anniversary of successful operations in Laos. After the opening of the bank in Vientiane Capital in 2014 at Phonxay Village with its main branch, RHB Bank Lao Limited has been progressively expanding to 2 more branches: Sithan Neua Branch and Dongdok Branch in 2016 and 2018 respectively.
