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 to Build World’s Largest Floating Solar Power Project at Nam Ngum 1

A signing ceremony was held yesterday for the development of a floating solar power plant on the surface of the Nam Ngum 1 dam...

Lao Official Urges Clarity in Hiring of Lao Workers for China Railway Project

A senior Lao government official has urged better management of the recruitment process of Lao workers and information about the jobs available for the...

Luang Namtha to Become New Regional Transport Hub

Laos's northern province of Luang Namtha is poised to become a regional transport hub with investment in a dry port, leveraging its strategic location. The...

Major Real Estate Expo in Vientiane Postponed amid Coronavirus Concerns

Digital Classifieds Lao, organizer of the Banlao.la Homes, Loans and Lifestyle Expo 2020, officially announced the postponement of the event until the end of...

Laos to Introduce New Income Tax Rates for Businesses and Employees

Laos will implement new income tax rates for businesses and employees on February 17, in a move to improve tax compliance as well as...

Malaysia’s Kumpulan Powernet To Build Hydropower Plant in Nam Samoy

Malaysia's Kumpulan Powernet Bhd has secured an MYR 66 million (USD15.9 million) contract from Zhenghong Building Road & Bridge Construction to build a hydropower...