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...

Sino Malls support Government’s consumption voucher scheme by giving out over HK$20 million in rewards and exciting experiences

Partnership with AlipayHK on exclusive consumption voucher promotions Collaboration with livi bank from July on 210 x HK$5000 in cash rebate HONG KONG SAR...

Vivocom announces diversification into minerals and commodities

Awaiting confirmation of contracts worth up to several Billions! KUALA LUMPUR, MALAYSIA - Media OutReach - 27 May 2021 - In a filing to...

Trend Micro’s Zero Day Initiative Enhances Position as World’s Largest Vulnerability Disclosure Player

Independent Omdia study finds ZDI reported 60.5% of appraised bugs in 2020 HONG KONG SAR - Media OutReach - 27 May 2021 - Trend Micro...

Vetter Once Again Wins Axia Best Managed Companies Award

Honor confirms continuity and the pharmaceutical service provider's approach to sustainability Internationally renowned seal of quality for exemplary corporate managementPositive assessment of strategy, innovation, culture...

Rising expectation of ‘cashless’ societies worldwide: a second annual report by the Economist Intelligence Unit (EIU), shows growing acceptance of digital currencies, accelerated by...

Consumers are increasingly adopting cashless payment methods while governments are stepping up planning or piloting of central bank digital currencies (CBDCs) and companies are...

African Energy Chamber: Africa Must Fight Energy Poverty with Oil and Gas Development

JOHANNESBURG, SOUTH AFRICA - EQS Newswire - 26 May 2021 - On May 18, 2021, the International Energy Agency (IEA) released "Net Zero by...