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...

Samsung Galaxy S23 Series Begins Pre-orders Nationwide

Samsung has just launched the New Galaxy S23 series worldwide, featuring the latest camera technology and Snapdragon® 8 processors. The New Galaxy S23 showcases a...

Carousell Group integrates Laku6 team, AI-first diagnostics technology to drive mobile recommerce expansion across Greater Southeast Asia

SINGAPORE - Media OutReach - 2 February 2023 - Harnessing the scale of two million listings listed in the electronics category every quarter,...

ShopUp secures USD 30 million debt financing to fuel expansion and strengthen supply chain operations

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The $30 million...

Asian Stationery & Office Products Online Exhibition 2023 Grand Opening

TAIPEI, TAIWAN - Media OutReach - 2 February 2023 - Asian Stationery & Office Products Online Exhibition (ASOP 2023) is a virtual and...

Pow.re Announces Successful Closing of US$9.2 Million Series A, US$18 Million Strategic Partnership in Paraguay and Advisory Board Appointments

MONTREAL (QC), CANADA - Media OutReach - 2 February 2023 - Pow.re Holdings Limited ("Pow.re" or the "Company"), a high-density computing ("HDC")...

HSBC Reiterates “Buy” Rating on Fosun and Raises Target Price to HK$11.50

HONG KONG SAR - Media OutReach - 2 February 2023 - On 30 January 2023, HSBC Global Research ("HSBC") published a report pointing...