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...

MJBL Officially Launches MJ Sabai, Agency Banking Services

MARUHAN Japan Bank Lao Co. Ltd (MJBL) officially launched its MJ Sabai agency banking service on Tuesday. Aligned with its principles of being a trustworthy...

Enviro-Hub Expands Global Healthcare with FDA 510(k) certified medical-grade nitrile gloves

Environmental company recently acquired healthcare supply company Pastel Gloves as part of enhanced healthcare emphasis. FDA 510(k) Clearance for its Nitrile Medical Grade Gloves;...

An Osteoporotic Fragility Fracture Every 3 Seconds, Worldwide Department of Orthopaedics and Traumatology, HKUMed in collaboration with The Hong Kong Medical Association and St....

HONG KONG SAR - Media OutReach - 7 June 2021 - Osteoporosis is a common disease with no obvious clinical symptoms in the early...

China Concrete’s permanent cure of plant relocation proposal ignored by the government Resorts to temporary solution of Yau Tong plant improvement for licence renewal

HONG KONG SAR - Media OutReach - 7 June 2021 - China Concrete Company Limited (the "Company") filed an appeal with the...

Axion Global joins vibrant community at HKSTP’s FinTech Centre to accelerate Fintech Innovations

HONG KONG SAR - Media OutReach - 7 June 2021 - Axion Global Digits (" Company") is pleased to announce that its subsidiary,...

That Luang Lake Market Becomes Shopping Hotspot

The recently opened That Luang Lake Market, also known as Beung That Luang Market, has become a shopping hotspot overnight after the closure of...