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...

Blue Cross Launches Mega Sale 79% off on Travel Smart Single Trip Cover

HONG KONG SAR - Media OutReach - 6 December 2022 - With the gradual lifting and eventually removal...

Oasys Completes Strategic Funding Round From Galaxy Interactive and Nexon

The gaming blockchain also announces the conclusion of its five day public token sale, which saw its funding goal reached within 12 hours with...

Laos Inflation Rate Shoots up to 38.46 Percent in November

Laos saw an increase in inflation once again in November at 38.46 percent, according to the latest report from the Lao Statistics Bureau (LSB). November's...

HKUST and The Institute of Sustainability and Technology sign Memorandum of Understanding to empower sustainable solutions through education and technology

The Chief Secretary for Administration officiated the ceremony Industry leaders from over 100 organizations gathered at...

APO Secretary-General and Indonesian Vice Minister of Finance Exchange Ideas on Enhancing Labor Productivity

TOKYO, JAPAN - Media OutReach - 5 December 2022 - Asian Productivity Organization (APO) Secretary-General Dr. Indra Singawinata received Indonesian Vice Minister of...

One of APAC’s Largest Operators of Flexible Workspaces, The Flexi Group, To Go Public Through Merger with Tsangs Group’s TG Venture Acquisition Corp

The Flexi Group manages 45 locations in 12 cities and 9 countries in Asia and Australia under regionally-recognized brands the Hive, Common Ground and...