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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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Cloud Comrade wins the 2021 AWS Consulting Partner of the Year Award for Singapore

- The award recognises Cloud Comrade’s performance in service delivery, growth in AWS business, and a significant contribution to Annual Recurring Revenue (ARR) in...

Lao Construction Bank Depositors to Retrieve Funds Next Month

Authorities have confirmed that funds will be repaid to Lao Construction Bank Limited (LCB) depositors in August following the bank's failure in late 2019. According...

Coface Announces Risk Barometer Q2 2021: A Two-Speed World

HONG KONG SAR - Media OutReach - 14 July 2021 - 18 months after the start of the pandemic, access to vaccination is...

Superstar Teacher Celebrates Students’ Achievements with Revamped Online Feature

SINGAPORE - Media OutReach - 14 July 2021 - Superstar Teacher has revamped their "Achievements" feature to make learning an enjoyable experience...

Impossible Marketing Wins “Local Hero” Award for Independent Agency Of The Year 2021

SINGAPORE - Media OutReach - 14 July 2021 - Impossible Marketing is delighted to announce that it has been named the winner of...

KEF Delivers First Car Audio System with Uni-Q® Driver Array in Partnership with Group Lotus

HONG KONG SAR - Media OutReach - 14 July 2021 - Gold Peak Industries (Holdings) Limited's ("Gold Peak Industries" or the "Group") (SEHK stock...
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