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Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new non-bank financial institutions in Vientiane Capital. Effective from the announcement date onwards, the suspension applies to both domestic and foreign investors seeking to establish deposit-taking microfinance institutions, non-deposit-taking microfinance institutions, and pawnshops in the capital. BoL said...

Lao Authorities, Lao Bank Seek Legal Action Against Thai Media Over Money Laundering Claims

On 31 July, Lao authorities and Lao Development Bank (LDB) met with Thailand's Central...
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Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check...
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Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...
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Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...
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7-Eleven pledges to give 1,000 7-SELECT chicken legs every week for 40 consecutive weeks to help those in need in Hong Kong

HONG KONG SAR - Media OutReach - 29 July 2021 - 7-Eleven has played an integral part in the daily lives of Hongkongers for 40...

RGE and Bank of Communications Jiangsu Branch Sign Agreement on First Foreign-owned Carbon Asset Custody in China

NANJING, CHINA - Media OutReach - 29 July 2021 - Royal Golden Eagle (RGE) and Bank of Communications (BCM) Jiangsu Branch have entered into...

Arlo Announces All New Unlimited Camera Plans, Simplifying Monitoring and Providing Added Value

Simplified Plans Include Enhancements to AI-Powered Notifications, And Ability to Add Additional Cameras at No Extra CostSINGAPORE - Media OutReach - 29 July 2021 - Arlo Technologies, Inc....

Prime Minister Pledges Greater Support for Business

Prime Minister Phankham Viphavanh spoke at the 13th Lao Business Forum, saying that the government is determined to engage with the private sector to...

UK-based FinTech Darwinex Secures €3 Million In Growth Funding

Juan Colón, Darwinex co-founder, announces a key milestone for the asset management FintechLONDON, UK - Media OutReach - 29 July 2021 - The Fintech, broker and asset management...

62% of Organisations in Malaysia Include Contracting Roles in their Headcount: Page Contracting Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach - 29 July 2021 - Professional contracting recruitment services firm Page Contracting Malaysia launched the Talent On-Demand report, highlighting the employment of...
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