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...

Oliver Healthcare Packaging to set-up 122,000 square foot manufacturing facility in Malaysia to meet growing demand for pharmaceutical and medical device products in Asia-Pacific

Company breaks ground on its largest regional facility SINGAPORE - Media OutReach - 20 February 2023 - Oliver Healthcare Packaging (Oliver), a leading...

Starbucks Amplifies its Expansion Efforts in Asia-Pacific Region

Intending to leverage from Asia’s reopening after the Covid-19 pandemic, Starbucks has launched its biggest expansion drive in five years. The multinational company plans to...

Jebsen & Jessen Acquires Industrial Products Business from Konecranes

The acquisition will see MHE-Demag’s Industrial Products (IPD) Business, a member of Konecranes Group, transfer to Jebsen & Jessen Group to form the Group’s...

Okta Appoints Neville Vincent as Vice President, Asia

SINGAPORE - Media OutReach - 20 February 2023 - Okta, the leading independent identity provider, today announced that it has appointed...

Multiple content creators including Singaporean DJ Wukong have released their digital passes on Metabay to further their connections with fans

SINGAPORE - Media OutReach - 20 February 2023 - Metabay, the social platform that brings fans closer to their favorite creators, announced its...

Laos Biospring and Singapore Zen Science Announce New Joint Venture BioZEN Health

The new company, BioZen Health, will be engaged in the manufacture and sale of high value-added medical beauty products and health food. Laos Biospring.LTD and...