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...

District Governments Begin Salary Payments via u-Money

The u-money service from Star Fintech is able to provide payment and funds transfer services and can be used for payment of wages and...

Thai Firm Keen to Construct ASEAN’s Largest Wind Farm in Laos

Thai energy giant BCPG Public Company has announced plans to develop ASEAN's largest wind farm in Laos, capitalizing on rising demand for energy in...

Foreign Businesses Encouraged to Apply for Friend of Laos Business Award

Foreign-owned businesses are encouraged to apply for the Friend of Laos award as part of the ASEAN Business Awards Laos 2020. Applications are now open...

ASEAN Business Awards Laos 2020 Open for Applications

Applications are now open for the ASEAN Business Awards Laos 2020, with awards to be presented at a gala event held in Vientiane on...

Star Fintech Signs Deal with BCEL for Mobile Banking Interconnectivity

Star Fintech has signed a Memorandum of Understanding with BCEL on cooperation and interconnectivity between the two mobile banking systems. A signing ceremony was held...

Star Fintech Signs Payment Link Deal with ACLEDA Bank

Star Fintech has signed a Memorandum of Understanding with ACLEDA Bank Lao on cooperation in e-commerce. A signing ceremony was held at the Star Telecom...