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...

China Tower (788.HK) Announces 2022 Annual Results

China Tower Steadily Implements "One Core and Two Wings" Strategy, Net Profit Maintains Rapid Growth; Dividend Payout Ratio Rises Further to 72.0%.HONG KONG SAR...

Backbase again named leader in Omdia Digital Banking Platform Report

Backbase achieved highest overall ratings for solution capability and customer experience SINGAPORE - Media OutReach - 2 March 2023 - ...

DHL Global Forwarding opens facility in Brisbane to meet surging demand for perishable goods export

DHL Global Forwarding is investing 17 million AUD (11 million EUR) over ten years for the...

Young people demand healthier food environments in East Asia and the Pacific

Young people co-create and launch a campaign to support UNICEF’s ‘Fix My Food’ initiative for healthier food environments for children in the region ...

Swiss Food Conglomerate Nestle Halts Operations In Myanmar

The Swiss food company Nestle has decided to halt all production in Myanmar’s commercial capital, Yangon, a spokesperson from the company said. Citing that “to...

Uni-Asia Group More than Doubles Dividend Per Share on Record FY2022 Profit

SINGAPORE - Media OutReach - 2 March 2023 - Uni-Asia Group Ltd. (SGX:CHJ) an investment management group specialising in alternative assets, including...