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...

LVMC (Kolao) Acquires GMS Trading in Laos, Eyes New Business

LVMC Holdings, formerly known as Kolao Holdings, has announced that it acquired 100 percent shares in GMS Trading Sole in Laos for USD 357,623. The...

Thailand Hopes to Attract Affluent Lao Tourists

Thailand will push health and wellness tourism and shopping to attract high-income tourists from Laos. The Tourism Authority of Thailand (TAT) plans to team up...

Thai E-Sports Firm Raises Funds to Expand in Southeast Asia, Laos

Bangkok-based startup Infofed has received JPY 5 million ($45,700) from Japanese gaming media company GameWith, with a plan to expand in several Southeast Asian...

Lao Stock Exchange Sees Steady Growth

Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which...

Meet Your Amazing New Office in Vientiane

An average 21st-century person spends most of their waking hours in the office instead of with their families or at their homes. That’s why...

Chinese Firms Sign USD 184m Deals to Buy Goods from Laos

Chinese firms have signed contracts worth CNY 1.3 billion (around USD 184 million) for the purchase of goods from Laos, mainly agricultural products. The agreements were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, the capital...