Business

Laos Signs Deal for 330MW Coal Power Plant in Xieng Khouang

A new 330-megawatt (MW) coal-fired power plant planned for Xieng Khouang Province is expected to significantly improve domestic electricity reliability for northern Laos, especially during the dry season (March to August) when river levels plummet. On 26 August, private developer B Rich Namphan Power Sole Co., Ltd. signed a contract for...

Laos Tightens Foreign Borrowing Rules as Debt Risks Persist

Laos has tightened controls on foreign borrowing as the government seeks to limit debt...

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Twitter live-streams SEOTAIJI “Quiet Night” concert globally

Originator of K-pop, SEOTAIJI’s official concert will be live-streamed on Twitter for the first time SEOUL, SOUTH KOREA - Media OutReach - 18 March 2021...

ITC x HKPC x HKSTP “Golden Triangle” Accelerates Reindustrialisation in Hong Kong

HONG KONG SAR - Media OutReach - 17 March 2021 - The Hong Kong Productivity Council (HKPC) and the Hong Kong Science...

IQAX Powers GSBN’s Blockchain Platform

Solution provider to spearhead the acceleration of digitalization in the shipping and logistics ecosystem for transparency and a harmonized global trade environment HONG KONG SAR...

New Economist Intelligence Unit report looks at the intersection of technology, crime and illicit trade

The report focuses on three technologies—encryption, blockchain and 3D printing—and how they benefit criminals and law enforcementThe tension this creates can be resolved on...

MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion

MODIFI will use the funds to expand into the US.MODIFI's digital trade finance platform provides SMEs with buyer and seller financing in...

New SonicWall 2020 Research Shows Cyber Arms Race at Tipping Point

Threat actors weaponizing cloud storage, advanced cloud-based tools to create record ransomware attack effectiveness, volume Ransomware soars with 62% increase since 2019Office files preferred by...