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Laos to Reopen Applications for Non-Bank Financial Institutions by End of 2026

The Lao central bank plans to resume accepting applications to establish new non-bank financial institutions by the end of 2026, after suspending new applications earlier this year to review and update licensing regulations. Visone Saysongkham, head of the non-bank financial institution supervision department at the Bank of the Lao PDR...

Khammouane Targets UNESCO Geopark Status to Boost Tourism

Khammouane is preparing a UNESCO bid for the Hinboun Geopark, hoping the international designation...

Laos, China Open Joint Military Aviation Center for Lao Air Force Training

Laos and China have opened a joint military support and training center at Ban...

Vientiane’s Smart Road Cleaning, Cooling Pilot Project Nears Completion

Vientiane’s Smart Clean-Cooling Road System pilot project has reached 95 percent completion, and contractors...

Laos Inflation Rises to 7.8 Percent in September as Education, Utility Costs Climb

Laos’ inflation rate rose to 7.8 percent in September, up from 7.7 percent in...

Inflation in Laos to Remain High All Year Long, Bank of Laos Says

Inflation will remain high through the end of 2024, making it impossible to reduce the inflation rate to a single-digit figure within this year,...

‘Sheer Terror’: Passengers Describe Turbulence-Hit Flight That Put 20 in Intensive Care

BANGKOK (AP) — Passengers on the Singapore Airlines flight that descended sharply after hitting severe turbulence described the “sheer terror” of the aircraft shuddering, loose...

Laos Expands Telecommunications Network, Reaching Remote Villages

Laos has achieved a big step in its telecommunications system by adding fiber optic cable that stretches 98,524 kilometers. This means more villages across...

Over 90 Lives Lost in April to Road Accidents, Drunk Driving Remains Major Factor

A total of 96 individuals lost their lives in road accidents across Laos in April, with a significant number of these collisions attributed to...

Vietnam’s Top Security Official to Lam Confirmed as President

BANGKOK (AP) — Vietnam’s top security official To Lam was confirmed Wednesday as the nation’s new president. Lam was confirmed by Vietnam’s National Assembly after...

World Leaders Plan New Agreement on AI at Virtual Summit Co-hosted by South Korea, UK

SEOUL, South Korea (AP) — World leaders are expected to adopt a new agreement on artificial intelligence when they gather virtually on Tuesday, 21...