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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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Education Platform MPOWER Financing Raises $100 Million in Equity to Support Studying Abroad

The funding will fuel the company’s mission to make a North American education accessible to high-promise students from around the worldWASHINGTON, DC - Media...

Lin’s Family increases shareholding in CIFI again, Reflecting strong confidence in CIFI’s long-term development

Successfully issued the second tranche of domestic corporate bonds Strengthen the debt structure and lower the financing costs ...

Envision Digital Partners with Microsoft to Implement Net Zero Technology Solutions

Envision Digital’s AIoT operating system with Microsoft’s technology enables clean energy transition and helps organisations take action towards achieving Net ZeroSINGAPORE - Media OutReach...

Data reconciliation company, Duco, hires new APAC Head of Sales to reach new frontiers in tech

Tat Wee Koh brings his impressive depth of knowledge in sales and technology to Duco.SINGAPORE - Media OutReach - 21 July 2021 - Tat...

Alibaba-backed SaaS SleekFlow picked Malaysia and Singapore as their first step in the SEA expansion plan

KUALA LUMPUR, MALAYSIA - Media OutReach - 21 July 2021 - SleekFlow has recently raised a 7-figure MYR Pre-A round investment...

NTT and Fujitsu Hong Kong announce partnership to drive Mobile Digital Workplaces

Plans to accelerate successful digital workplace transformations seamlessly and securely HONG KONG SAR - Media OutReach - 21 July 2021 - NTT Ltd., a...
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