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...

DHL delivers COVID-19 vaccines to Japan

Rigorous planning and testing to ensure supply chain supports vaccine’s stringent temperature requirements  TOKYO, JAPAN - Media OutReach - 16 February 2021 - DHL,...

Arlo Launches New Battery-Powered, Wire-Free Essential Video Doorbell In Singapore

Industry-Leading 180-Degree Field-of-View with Square 1:1 Aspect Ratio Delivers Most Complete Front-Entry Protection, With Direct-to-Mobile Video Calls for Faster Response SINGAPORE - Media OutReach -...

Laos to Register Taxpayer Identity Numbers for Individuals

Authorities have announced that Lao citizens and foreigners with income in Laos must register for a taxpayer identification number. According to a notice issued by...

Laos Opens First Industrial Explosives Factory

The first industrial explosives factory in Laos was officially opened on Monday and is expected to begin producing explosives soon. According to a report by Lao...

Centara Expands Further in Laos with Two Vang Vieng Resorts

Centara Hotels & Resorts has expanded its footprint in south-east Asia following the signing of hotel management agreements for three new properties. One resort is...

Phu Bia Mountain to be Developed as New Tourism Site

Authorities in Laos have approved the development of Phu Bia Mountain as a sustainable development tourism site. According to a report by Vientiane Times, Khamphay...