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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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Alvotech Bondholders Convert More Than $100m at Pre-Money Valuation of $2.7bn

Funds provide additional resources and runway for advancing the company's biosimilar pipelineHONG KONG SAR - Media OutReach - 28 June 2021 - Alvotech Holdings...

HONMA Golf Announces FY2020/21 Annual Results

China, South Korea and Non-club categories recorded significant growth despite impact of COVID-19 pandemic Declares final dividend of JPY1.70 per shareHONG KONG SAR -...

The LU+ Business Center Opening Ceremony and Charity Event LET’S REACH FOR THE SKY

Hong Kong Rope Skipping Club performance, charity rope skipping marathon and charity bazaar, with over 300 participants. More than one hundred thousand Hong Kong...

From Creating a Zero Hunger Future, To Reimagining Health and Wellbeing with AI

Students’ Unlimited Creativity Unveiled in ‘Master Code’ Award and Kick-off CeremoniesHONG KONG SAR - Media OutReach - 28 June 2021 - Since 2016, Hong...

Proxtera joins the Ariba Network with the Vision to Help Companies Buy Smarter

SINGAPORE - Media OutReach - 28 June 2021 - SAP (NYSE: SAP) announced that Proxtera, an intelligent and open global network of B2B...

YesAsia to raise up to HK$131.7 million by offering 39,540,000 Shares at HK$3.00-HK$3.33 each

Strives to be the “go-to” E-commerce gateway for Asian products with customers worldwideHONG KONG SAR - Media OutReach - 28 June 2021...
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