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...

Full Steam Ahead for Laos-China Railway Construction

Construction of the Laos-China Railway has resumed in full capacity following the return of foreign workers from China. According to a report in Xinhua, Laos-China...

Lao Airlines Appoints New President

National flag carrier Lao Airlines has appointed Mr. Khamla Phommavanh as its new president under the supervision of the Ministry of Public Works and...

Jack Ma Foundation and Alibaba Foundation Donate Medical Supplies to 10 More Asian Nations

The Jack Ma Foundation and Alibaba Foundation today announced plans to donate much-needed medical supplies to 10 more countries in Asia to help the...

S Korea to Help Laos Build Local Business Technoparks

South Korea is gearing up to launch a project to help Laos build hubs called "technoparks" that will nurture local businesses. South Korea's Ministry of...

LVMC (Kolao) to Sell Vehicles via Online Channel

LVMC Holdings, formerly known as Kolao Holdings, has announced that it plans to sell vehicles online via an online sales platform that it will...

Xayaburi Dam Dispels Rumors of Role in Dry Mekong River

Amid an ongoing drought and low water levels, the state of the Mekong River is a topic that is animating discussion along the watercourse,...