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...

Ultimaker transforms into a platform business driving innovation and growth globally

New platform strategy and software plans, launched at Ultimaker Transformation Summit, leverage unique Ecosystem SINGAPORE - Media OutReach - 23 April 2021 - Increasing volatility...

S&P and Moody’s Assign First-time “B” and “B2” Ratings respectively to Datang

HONG KONG SAR - Media OutReach - 22 April 2021 - Chinese property developer ─ Datang Group Holdings Limited ("Datang" or the "Company"; together...

CPP Investments and ESR upsize joint investment in Korea Income JV to US$1 billion

New capital will fund further opportunities in Korean logistics real estate SEOUL, SOUTH KOREA / HONG KONG SAR - Media OutReach - 22 April 2021...

Oyen Launches Digital-First Pet Insurance Platform

KUALA LUMPUR, MALAYSIA - Media OutReach - 22 April 2021 - Malaysians love their furry friends and are increasingly investing in a burgeoning range...

Media Outreach Named A Top Press Release Distribution Service Provider In Asia

HONG KONG SAR - Media OutReach - 21 April 2021 - Media OutReach, the first global newswire founded in Hong Kong in...

Tsim Sha Tsui Ranked #1 as the Most Expensive Shopping Street in Asia Pacific Despite Biggest Rent Drop in Hong Kong’s History

Rent Declined by 43% for Causeway BayHong Kong, Tokyo, Sydney ranked Top 3 in Asia PacificHONG KONG SAR - Media OutReach - 22...