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...

Radium Medical Aesthetics Implements Virtual Consultation Amidst Phase 2 (Heightened Alert)

SINGAPORE - Media OutReach - 2 June 2021 - Radium Medical Aesthetics announced last week that it has rolled out its virtual consultation service...

Qualtrics Announces Significant Expansion Plans to Support Customer Growth Across Asia Pacific and Japan

Company to hire 1,200 employees across the region by 2024 5x expansion of APJ...

Samsung Introduces 4-Door Flex Refrigerator Series and Jet Bot+ with Clean Station™ for Smarter, Enhanced Living Experiences

New lifestyle appliances provide personalised and connected home experiences underpinned by Samsung’s innovative technologies SINGAPORE - Media OutReach - 1 June 2021 - ...

AXA becomes the first insurer to offer VHIS product on HKTVmall

Customers can enjoy protection anytime, anywhere with premium discount up to 14.5% HONG KONG SAR - Media OutReach - 1 June 2021 -...

Asian Productivity Organization: Reaffirming the Centrality of Productivity

TOKYO, JAPAN - Media OutReach - 1 June 2021 - Productivity came to prominence early, in 1776, when Adam Smith put it at center...

Jardine Engineering Corporation: Notice of Change in Chief Executive

HONG KONG SAR - Media OutReach - 1 June 2021 - The Jardine Engineering Corporation Limited ("JEC") today announces the following management...