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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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New Research Signals The Rise Of A Growing Aspirational Consumer Class In Hong Kong, Increasingly Dominated By Millennials, According To New Research By IAB...

HONG KONG SAR - Media OutReach - 13 July 2021 - According to a new report published by Carousell Media Group (CMG) and...

Mr. Kok-Chye Ong Appointed as Managing Director, Head of IDC (ex-China) at Gaw Capital Partners

HONG KONG SAR - Media OutReach - 13 July 2021 - Gaw Capital Partners today announced the appointment of Mr. Kok-Chye Ong as Managing...

Microsoft and NEC Expand Strategic Partnership to Boost Business Resiliency and Growth

TOKYO, JAPAN and REDMOND, WASH. - Media OutReach - 13 July 2021 - Microsoft Corp. (Microsoft) and NEC Corporation (NEC;...

AXA introduces “LoveAssure Critical Illness Protection” Series

Market-exclusive Dementia Multi-care Benefits Continuous Cancer Payout Benefit up to 100 months Up-to-date comprehensive protectionHONG KONG SAR -...

Disposal of Wirecard Subsidiaries in Asia well advanced – Further sale in Indonesia – Transactions completed in Hong Kong and Malaysia

Rechtsanwalt Dr. Michael JafféInsolvency Administrator of Wirecard Sales International Holding GmbH Disposal of Subsidiaries in Asia well advanced: ...

Tanoto Foundation Donates 500 Tons of Oxygen for Covid-19 Patients

JAKARTA, INDONESIA - Media OutReach - 12 July 2021 - To support Indonesia's efforts in the urgent fight against the COVID-19 pandemic,...
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