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...

Ke Huy Quan, Cara Delevingne and Angela Bassett Shine in De Beers Jewellers at The 2023 Screen Actors Guild Awards

LOS ANGELES, US - Media OutReach - 28 February 2023 - De Beers Jewellers natural and responsibly sourced diamonds dazzled on nominees and...

“It’s about your products. Not ours.” – Packaging machine specialist ROVEMA invites to “Customized Experiences” at its Hessian headquarters

The mechanical engineering company ROVEMA is planning a series of customized customer events for various sectors of the food industry in 2023. The events...

Lao Government Bonds Sell Out Like Hotcakes on First Day

Government bonds at commercial banks across Laos sold out in just a few hours after the government announced they would go on sale today. The...

Crypto Sets Higher Standards for Proof of Reserves for Traditional Finance: Bybit CEO

The new norms after 2022: crypto exchanges have set...

Pakse to Build Wastewater Treatment Facility Worth USD 2.1 Million

The Global Green Growth Institute (GGGI) held a groundbreaking ceremony last week to build four decentralized wastewater treatment plants and a city-level excrement treatment...

Cisco and NTT Collaborate to Bring Private 5G to Enterprise Customers to Accelerate Industry Transformation

HONG KONG SAR - Media OutReach - 28 February 2023 - Cisco, a worldwide leader in...