Business

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...

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...

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,...

Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...

Framo on A Clear Course: New Investments of 15 Million Euros, Market Presence Strengthened

Top meeting of Framo GmbH, Löbichau: Investor and main shareholder Majed Al-Askar announces high investmentsWith 5 million euros in the current fiscal year 2021...

Imply Closes $70 Million Series C at $700M Valuation to Extend Leadership as Foundational Platform for Analytics-in-Motion

Significant customer momentum underscores movement away from expensive, slow and static analytics solutions towards highly-scalable, cost-effective, and interactive analytics solutions BURLINGAME, CA - Media...

How the Federal Republic of Germany shaped its image anew at documenta

‘documenta. Politics and Art’, opens on 18 June 2021 at the Deutsches Historisches Museum BERLIN, GERMANY - Newsaktuell - 16 June 2021 - Documenta's rise...

BitDAO Raises $230M to Launch One of the World’s Largest DAOs

BitDAO has completed a private sale, with over $230M from leads (Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital) and other partnersBybit has...

DHL adds Sustainable Marine Fuel option for Full-Container Load shipments

DHL Global Forwarding is offering to reduce its main haul carbon emissions with the use of Sustainable Marine Fuels for ocean freightCustomers...

Trend Micro Offers Industry’s Broadest Zero Trust Solution with the Unique Risk Insights Organizations Need

Security leader expands vision to support and secure the post-pandemic workforce HONG KONG SAR - Media OutReach - 16 June 2021 - Trend Micro ...