Business

Laos Tightens Foreign Borrowing Rules as Debt Risks Persist

Laos has tightened controls on foreign borrowing as the government seeks to limit debt risks and reduce pressure on foreign-currency reserves and the Lao kip. Under a new Bank of Laos decision issued in August, individuals and companies must obtain central bank approval before taking certain loans, guarantees, trade credits...

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

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...

Kingdom Consultancy Celebrating 15 Years of Excellence

HONG KONG SAR - Media OutReach - 25 February 2021 - In spite of the political turmoil and the epidemic that has hit...

Spotify to Launch in Laos and Cambodia

Spotify has announced plans to expand into over 80 new locations worldwide, including Laos and Cambodia. The streaming service made the announcement during its Stream...

Best of the Best: Over 100 Singapore’s elite brands were awarded at the inaugural Reader’s Digest Trusted Brands Awards

Virtual celebration acknowledges Singapore’s most trusted brands SINGAPORE - Media OutReach - 25 February 2021 - More than 100 Singaporean brands are among...

Microsoft to establish first datacenter region in Indonesia as part of Berdayakan Ekonomi Digital Indonesia initiative

Microsoft increases its investment in Indonesia’s digital economy, with plans to establish a new datacenter region and a commitment to skill over 24 million...

DHL Global Forwarding Partners Longhorn Vaccines & Diagnostics to Assure Safety and Efficacy of Lab Testing in Africa and Asia

DHL has transported nearly 26,000 Covid -19 testing vials for Longhorn, who is donating one million vials to the International Organization for MigrationVials were...

CUHK Business School Research Examines the Pivotal Role of Entrepreneurial Experience for Entrepreneurs Launching New Start-ups

HONG KONG SAR - Media OutReach - 25 February 2021 - How important is experience in entrepreneurial success? If you take a look at...