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...

Gojek Pledges to Achieve Zero Emissions, Zero Waste & Zero Barriers by 2030 in First Annual Sustainability Report

Report is the first to be compiled by a Southeast Asian Internet company in alignment with international standards (GRI and SASB) JAKARTA, INDONESIA -...

Microsoft APAC Enabler Program helps 110 PwDs in six countries match to roles within the first seven months of launch

SINGAPORE - Media OutReach - 30 April 2021 - Since the launch of the Microsoft APAC Enabler program seven months ago, sixteen PwDs have...

TRILUX strengthens partnership with Sonepar in Singapore

Supplier of high-quality and individual lighting solutions and global market leader in B-to-B distribution of electrical products, solutions and related services create a partnership...

Users in China Gain Greater Access and Functionality with The Updated ONLYOFFICE “Documents” App Available on Xiaomi Marketplace

ONLYOFFICE offers new Documents versions for Android- and iOS-based mobile devices  RIGA, LATVIA - Media OutReach - 30 April 2021 - ONLYOFFICE "Documents" is...

Insolvency Administrator Dr Michael Jaffé: Wirecard subsidiary in Vietnam sold – Further Successful Sale in Asia

MUNICH/ASCHHEIM/SEOUL - EQS Newswire - 29 April 2021 - In the insolvency proceeding concerning the assets of Wirecard Sales International Holding GmbH a further...

More than 90 Local Enterprises Recognised by GS1 Hong Kong’s Consumer Caring Scheme 2020

70% Consumers Feel More Confident in Consumer Caring Companies HONG KONG SAR - Media OutReach - 29 April 2021 - GS1 Hong Kong (GS1 HK)...