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...

Chinese Mainland has youngest businesses and youngest CEOs among global family businesses, KPMG/ Global Consortium joint survey finds

More than half of Chinese Hong Kong family businesses show multi-generational involvement, much higher than global averageHONG KONG SAR - Media OutReach -...

YouTube Now Allows Lao Users to Monetize Content

Lao YouTubers can now monetize their content and earn money from the platform after it was recently added to the list of countries where...

Deloitte China: CFOs urged to take up a bigger role in driving enterprise digital transformation

HONG KONG SAR - Media OutReach - 16 December 2022 - Deloitte China CFO Program conducted the second issue of 2022 China CFO...

‘Paw’sitive Outlook for Premium Malaysian Pet-Hailing App JoJo Pets Taxi – Aims For Nationwide Expansion And 100% YOY Growth In 2023

KUALA LUMPUR, MALAYSIA - Media OutReach - 16 December 2022 - Premium Malaysian pet-hailing app JoJo Pets Taxi developed by Starpet Jojo Sdn...

Clinixero, A Diabetes Management Healthcare Brand, Awarded Malaysia Book Of Records For Most Patients In A Virtual Diabetic Programme

KUALA LUMPUR, MALAYSIA - Media OutReach - 16 December 2022 - Clinixero, a diabetes management healthcare brand of Sozo Management and Resources Sdn...

ADB Lowers GDP Growth for Asia in Latest Forecast

A worsening global condition and the prolonged Ukraine war are two of the most important factors for this recent economic prediction. In September, the...