Mega First: No impact from Laos dam disaster


Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: Mega First Corp Bhd, the developer of the Don Sahong hydroelectric plant (DSHP) in Laos, has said that its project is unaffected by the dam breach incident at a nearby development.

The company said in a filing with Bursa Malaysia that this was confirmed after making enquiries with the management of Don Sahong Power Company (DSPC) and its consultants.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Mega First , dam , hydroelectric , Laos

   

Next In Business News

Sabah awards LSS projects with 199MW capacity to 15 bidders
Fire outbreak at Homeritz unit's factory in Muar
AmanahRaya REIT completes acquisition of private education property for RM31.4mil
Bermaz Auto posts weaker 2Q as competition grows in local market
Bursa Malaysia bucks regional trend to end slightly lower, CI stays above 1,600
GDB bags RM298mil logistics warehouse contract in Klang
Gamuda records higher 1Q net profit of RM205.39mi, orderbook hits record-high of RM30bil
YTL AI Labs releases Malaysian LLM
Paramount unit inks RM145mil acquisition of KL land for new high-end residential project
Sapura Energy's 3Q bottomline hit by forex losses

Others Also Read