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...

US Orders ByteDance to Sell Stakes in TikTok Over Security Concerns

The Committee on Foreign Investment in the United States (CFIUS) has instructed the Chinese tech giant ByteDance to divest its TikTok US market share...

AIA Hong Kong announces signing of Memorandum of Understanding with The GBA Healthcare Group

Provides one-stop, diversified and quality cross-border medical healthcare services to customers in the Guangdong–Hong Kong–Macao Greater Bay AreaHONG KONG SAR - Media OutReach...

HDFC Bank continues investing in platform technologies to improve customer experience and enhance efficiencies

Backbase remains the preferred next-gen digital banking platform vendor for HDFC BankMUMBAI, INDIA - Media OutReach - 16 March 2023 - HDFC Bank...

Warner Bros. to Open “Harry Potter” Theme Park in Tokyo This Year

The Tokyo-based subsidiary of multinational movie production house Warner Bros. Studio will open a new theme park based on the popular “Harry Potter” movie...

Microsoft supports Inchcape on its data-driven digitalization journey with Azure 

SINGAPORE - Media OutReach - 16 March 2023 - In a digital-first world, enterprises are generating data at breakneck speed as they integrate...

Spackman Media Group Artist Son Suk-Ku’s BIG BET Season 2 Achieves The Highest Viewing of All Time For Korean Content On Disney+

BIG BET Season 2, starring Spackman Media Group artist Son Suk-ku, broke the record for the...