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...

Government Approves Sale of Land Along Vientiane’s 450 Years Road

The government of Laos has approved the sale of land along either side of the 450 Years Road in Vientiane Capital. The Vientiane Capital Department...

Treasury, Star Fintech Ink Deal On Salary Payments Using U-money

On Wednesday, Ms Vanphone Phommasone, Director General of the National Treasury Department, Ministry of Finance, and Mr Luu Manh Ha, General Director of Star...

Lao Airlines Undertakes First C4 Check of Airbus A320

Lao Airlines has undertaken crucial maintenance work on an Airbus A320 for the first time without relying on assistance from foreign entities. Lao Airlines...

Star Fintech Celebrates Two Years of U-Money Service

On December 9, 2020, at the Hall of Star Telecom Co., Ltd, a ceremony was held to celebrate the 2 Years Anniversary of the...

MARUHAN Japan Bank Lao Leads in Customer-Centric Digitalization & Enables Small Businesses

Forging ahead to become a leading digital, innovative and trustworthy bank in Laos’ competitive banking landscape, MARUHAN Japan Bank Lao Co. Ltd (MJBL), the...

Sanakham Dam Impact Assessment Should be Broadened with Up-To-Date Information

The Sanakham hydropower project developer and the Lao government should widen the project’s impact assessment and propose additional measures to mitigate potential adverse impacts...