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Thai cash-and-carry chain Siam Makro plans to invest up to 9 billion baht ($258 million) in opening stores this year in Thailand and overseas. Its parent company, CP All, which through its ownership of 7-Eleven Thailand is the country’s largest convenience…
Telekom Malaysia has arranged to establish a new point of presence in Laos in collaboration with the Lao National Internet Centre (LANIC). Under the agreement, LANIC will host and provide infrastructure for the POP via its international data center in…
Malayan Banking Bhd (Maybank) has expanded its network in Laos with a second branch in the capital Vientiane, thus establishing a greater presence in one of the fastest expanding economies in Asean. The branch, located in the commercial district of Nongduang,…
On 8 March 2016 in Hanoi, FC Barcelona unveiled a sponsorship agreement with Saigon – Hanoi Commercial Joint Stock Bank (known as SHB), the top 5 Private Commercial Banks in Vietnam. This agreement will make SHB the first and only banking partner of FC…
Laos is bracing for another potentially devastating cold snap following one in January that brought a rare snowfall to the tropical nation and was blamed for the deaths of thousands of livestock and fish, government meteorologists said on Thursday. The Lao…
As well as electronics and mobile phones, its usual products, Vietnamese chain Mobile World is planning to distribute groceries in its first stores in Cambodia, Laos and Myanmar. CEO Tran Kinh Doanh says the stores will open early next year. Meanwhile, he has…
Two companies from Malaysia are on the lookout for investors to set up a big agarwood tree plantation in Laos to produce Oud oil and other agarwood products for markets in Asia, the Middle East and Europe. Agricultural contractor Aseagate on January 6 signed…
Two Malaysian companies plan to invest US$18 million (RM79 million) for the inoculation of agarwood in Laos that is expected to generate US$200 million in three years. Agriculture transaction company Aseagate (M) Sdn Bhd, forestry management company Richwood…
As a first step in a Southeast Asian rollout, Korean discount store E-Mart has opened its first outlet in Vietnam. It goes head-to-head with rival Korean chain, Lotte Mart, which has been in Vietnam since 2011 and now has 11 stores. The E-Mart Vietnam launch…
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the…
Thai cinema chain Major Cineplex plans to have 30 screens in Laos within three years. Major Cineplex has entered the Laos market in a 60:40 joint venture with local partner Platinum Cineplex. With a population of 7 million, a growing economy and young…
A consortium of Lao and Thai investors is building a shopping and hotel complex in Laos’ largest city, Vientiane as the two nations prepare for the new Asean Economic Community. The US$290 million project will be built on a 32 hectare site in downtown…
Both parties are also ready to jointly develop payment channels and other innovative services in a bid to assist Thai investors in Laos. Suwat Techawatanawana, KBank’s first senior vice president, said Aeon Leasing Service (Lao) had been granted…
Smartphone maker Huawei says its determination to concentrate on Southeast Asia is already bearing fruit. With the profitable Southeast Asia regional launch of the Huawei P8 and wearable units in Bangkok Thailand in late Might, Huawei is retaining the…
Banque Pour Le Commerce Exterieur Lao Public (BCEL) and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., have announced to launch BCEL-JCB Credit Card in Lao People’s Democratic Republic (Laos). BCEL-JCB Credit…
CIMB Thai Bank will open its first overseas branch in Vientiane in the third quarter of the year to service trade and other business activities between Thailand and Laos. The new branch forms part of Malaysia-owned CIMB Group’s retail banking initiatives this…
