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...

EthosEnergy appoints former ItalPresseGauss CEO, Mario Cincotta as new East Hemisphere Executive Vice President

Aberdeen, UK - News Direct - 14 March 2023 - EthosEnergy has appointed Mario Cincotta, former CEO of ItalPresseGauss and Senior Vice President of...

Vestas wins 373 MW order in South Africa featuring the first V163-4.5 MW wind turbines

SANDTON, SOUTH AFRICA – EQS Newswire – 14 March 2023 - Independent power producer Red Rocket has placed a 373 MW order for the...

Prince Foundation Sponsors AmCham Charity Gala to Repatriate Cambodia’s National Treasures

PHNOM PENH, CAMBODIA - Media OutReach - 14 March 2023 - Prince Foundation, the philanthropic arm of Prince Holding Group, is proud...

Rihanna, Ariana Debose and Halle Bailey Shine in De Beers Jewellers at The 95th Academy Awards

LOS ANGELES, US - Media OutReach - 14 March 2023 - De Beers natural and responsibly sourced diamonds shined on Rihanna, Ariana DeBose...

VinFast rolls out the “Non-stop service network”

HANOI, VIETNAM - Media OutReach - 13 March 2023 - VinFast Trading & Service Co., Ltd. announced the deployment of...

Hong Leong Bank’s New Data Center Receives Highest Green Certification in Malaysia from GCI

The Data Centre is the first in Malaysia to be certified as a Titanium+ Tier facility by Green Climate Initiative (GCI), a testament to...