Swissindo opens sole company in Laos
Swissindo opens sole company in Laos
Swissindo World Trust International Orbit has established a presence in Laos in the form of a sole trading company, which will serve as a coordination centre for transferring funds into the country for implementing socio-economic development projects.
The ceremony to mark the opening of the organisation's Lao company was attended by President of the United Nations Swissindo World Trust International Orbit Mr Sugiharto Notonegoro ST.
Joining him was the Director of the Swissindo World Trust International Orbit Sole Co., Limited Mr Sisamay Xayasone, diplomatic representatives, along with representatives from international organisations and ministries.
Swissindo World Trust International Orbit Sole Co., Limited is also the Representative Office of Swissindo World Trust International Orbit in Laos.
Swissindo World Trust International Orbit was originally established in 2010, in Indonesia.
Swissindo is a private and non-government organisation and is also known as the ‘Neo the United Kingdom of God Sky Earth.'
From today, Swissindo World Trust International Orbit Sole Co., Limited will perform its duties under the work plan already approved by the President of Swissindo World Trust International Orbit.
According to the organisation, its work plan includes joining with the relevant organisations of the Lao government, including implementing all programmes from this year until 2017.
“Laos is the first country to ap proach Swissindo World Trust International Orbit, through us. This organisation has been comprised of trust funds so called ‘Neo the United Kingdom of God Sky Earth.' (Global Assets), which are managed by Swissindo including authorising the use of these assets,” Mr Sisamay sai d.
In order to comply with the applicable laws of Laos, Swissindo World Trust International Orbit has made the decision to establish its organisation in Laos in the form of a Sole Co., Limited, he added.
This is in order to be a coordination centre for transferring its funds into Laos for administration, operation, and providing no-obligation assistance, no interior interference, and no negative effects to the political regime as well as the sovereign power of Laos both at the present time and into the future.
The said fund will be applicable for implementing socio-economic development projects, thus empowering the sovereign power of Laos in equivalence to other developed nations, he noted.
“Given the present situation, Laos is entering the Asean Economic Community of Asean and there is stronger demand for funds to develop in equivalence to Asean's member nations,” Mr Sisamay commented.
