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...

Lanexang Assurance Launches Exclusive ASIA CARE PLUS Health Insurance Product

Asia Care Plus Laos is the most high-end healthcare insurance in the Laos market, with maximum coverage of  USD 1,600,000. For the first time...

Starbucks Officially Announces Entry into Laos

Starbucks has announced that it plans to open outlets in Laos as it expands its network of over 10,000 stores in Asian countries. The Seattle-based...

EDL, Geely and Krittaphong Group Sign Electric Vehicle Deal

Electricite du Laos and GEELY Technology Company in collaboration with Krittaphong Group have signed an agreement on cooperation for the development of the electric...

Khamphay Sana, Hytera to Collaborate on Lao Vehicle Registration System

The government of Laos has authorized Khamphay Sana Group and Hytera to undertake a feasibility study for an integrated vehicle registration and transportation management...

New SEZ Project in Vang Vieng Completes Feasibility Study

A new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover...

Vientiane Bus Station Project Severely Delayed

The Vientiane Capital bus station construction project, which began in 2015, remains incomplete despite plans to be ready for use in 2018. Chitchareun Construction was...