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...

Big C and DHL Supply Chain Thailand deploys electric trucks to reduce carbon emissions

Both companies are striving for net zero carbon emissions by 2050 and prioritize green operations as...

Employee-Centric HR Policies Earn SABIC the Top Employer Award in APAC for a 10th Year Running

SINGAPORE - Media OutReach - 30 January 2023 - For the tenth year in a row, SABIC, a global leader in the chemicals...

Huobi Issued a Declaration in Response to Numerous Public Concerns

SINGAPORE - Media OutReach - 30 January 2023 - Recently, controversy has once again arisen surrounding Huobi and Justin Sun (Yuchen Sun). Since...

Avery Dennison wins AsiaStar 2022 award for AD CleanFlake

SINGAPORE - Media OutReach - 30 January 2023 - Avery Dennison Corporation (NYSE:AVY), a leader in global materials science and manufacturing, has...

Chinachem Group Confirms to make its Second Purchase in Prime London Office Building for £349.5m

HONG KONG SAR - Media OutReach - 30 January 2023 - Chinachem Group (the "Group") announced today that it has exchanged contracts for...

SIBUR develops proprietary special component for production of rubbers and SBS polymers

MOSCOW, RUSSIA - Media OutReach - 30 January 2023 - SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing...