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...

Lao Government Approves Singaporean Clean Thermal Project

A Singaporean-Lao joint venture has signed a memorandum of understanding with the Lao government for the development of a clean thermal fired power plant...

Railway Tracks Laid Through Tunnel in First for Laos-China Railway

Railway tracks have been laid through a tunnel along the Laos-China Railway for the first time, marking a historic achievement for the project. According to...

Souphattra Residence: A Classy Addition to Vientiane’s Rental Market

Located in Sisattanak District in Vientiane, Souphattra Residence consists of 20 beautifully designed townhouses, showcasing the rich classical style and luxury for which the...

Chifeng Jilong to Restart Gold Production at Sepon Mine in Laos

China's Chifeng Jilong Gold Mining Co has said it will begin processing gold ore from its mine in Sepon, Laos, after a six-year hiatus. According...

Meet LOCA GRO: Laos’ Newest E-Commerce Service

The creators of Laos' first ride-sharing app, LOCA, have just launched their latest online service called LOCA GRO, an on-demand grocery shopping application. LOCA GRO...

Ministry Issues Guidelines for Reopening Businesses as Lockdown Eases

The Ministry of Information, Culture, and Tourism has released guidelines for operators of restaurants, resorts, and other tourism-related businesses in line with new regulations...