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...

Laos Introduces Fast-track Registration for S Korean Patents

Laos and South Korea have agreed to allow South Korean companies to register their patent in Laos without going through a separate review process. The...

Bank of Laos Tightens Regulations on Currency Exchange Business

The Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao...

Heathfield International School Selected for Oxford Curriculum

Heathfield International School last week announced its selection by Oxford Education to join a Pilot School Program commencing this year, which will allow the...

Choosing the Right School for Your Child in Laos

There is an awful lot involved in choosing the right school for your child. And, there is much advice available about what to do...

Maruhan Japan Bank Lao and Loca Laos Ink E-Commerce Deal

Japanese commercial bank Maruhan Japan Bank Lao and local ride-hailing service Loca Laos have inked a deal on an e-commerce automated settlement solution to...

Canadian Medical Equipment Manufacturer PRI·MED Opens Facility in Laos

Candian medical equipment manufacturer PRI·MED has announced it will develop a new manufacturing facility in Vientiane, Laos. Edmonton-based PRI·MED Medical Products (PRI·MED), a manufacturer of single-use...