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...

Mini Big C to Distribute Larger Volume of Products Made in Laos

Mini Big C in Laos is preparing to stock a greater variety of products made in Laos for distribution in their branches around the...

Lao Brewery Company Pays 2 Trillion in Taxes

Lao Brewery Company is one of the top taxpayers in Laos, making annual tax payments of over LAK 2 trillion each year. According to a...

Vientiane Markets and Malls Move to Reduce Plastic

Seven shopping centers and two markets in Vientiane Capital have agreed to reduce their reliance on single-use plastic under a plan expected to commence...

Lao Derm Group Opens Souphattra Serviced Apartments Vientiane

Lao Derm Group is pleased to announce the opening of the Souphattra Serviced Apartments Vientiane. This is the third property to be launched under...

RHB Bank Lao Appoints New CEO

RHB Banking Group has appointed Frankie Choong Seang Heng as new chief executive officer of RHB Bank Lao. Frankie has more than 30 years’ experience...

LOCA adding “Ride First, Pay later” to LOCA for Business Accounts

It has been three years since LOCA was first introduced in Laos. LOCA now has more than 400 drivers with the service available 24hrs....