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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...
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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...
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Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...
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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...
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Magic Lao Carpets

Carpets with a positive impact woven right in In a bustling workshop in the backstreets of inner-city Vientiane, agile fingers are hard at work and...

Japanese Firm to Import Lao-Lao Alcohol to Okinawa

Japan’s Okinawa-based Co-Op Okinawa is to import and sell Lao-Lao (Lao rice whisky) brand “Chura Lao” in Okinawa from as early as the beginning...

Japan’s Air Water Eyes Lao LPG Market via New Vietnam Unit

Japanese energy and chemical firm Air Water is to launch a Ho Chi Minh City-based unit through acquisition of major shares in a domestic...

Lao Securities Exchange to Close on Dec 27-Jan 1, 2020

The Lao Securities Exchange (LSX) has announced that it will be closed from December 27 to January 1, 2020, for last three business days...

Lao Stock Exchange Resumes Trading of PCD

Lao Securities Exchange (LSX) has announced that it resumed the stock trading of Phousy Construction and Development Public Company (PCD) as of November 29....

Ridesharing Service LOCA Now Available in Luang Prabang

Lao ridesharing service LOCA has begun its trial service in the city of Luang Prabang, aiming to provide 24-hour service in the northern tourist...
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