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...

foodpanda Launches in Laos with Over 300 Restaurants on Board

foodpanda, the on-demand international food delivery service, has officially launched in Laos with over 300 restaurants on board. Heading to the capital first to open...

Laos Engages International Rating Agencies for International Dollar Bond Debut

The Lao Government has engaged Standard Chartered, JP Morgan, and Credit Suisse for its planned international US dollar bond debut. In December of 2015, Laos...

Lao Telecom Launches Country’s First electronic SIM card Service

Lao Telecom has launched the country’s first eSIM activation service by teaming up with 10T Tech, an eSIM Solutions Company based in Hong Kong. The...

Kualao Unveils New Function Halls In Honor of 25th Anniversary

Kualao Restaurant, recognized as one of the country’s most popular authentic Lao food restaurants, celebrates its 25th anniversary in business by launching two fully...

SureStay Hotel opens in the Heart of Vientiane, Laos

Best WesternHotels & Resorts continues to introduce its innovative SureStay Hotel Group to exciting new destinations across Asia with the opening of a new...

Unitel Wins Speedtest Award for Fastest Mobile Network in Laos

Unitel has won the Speedtest Awards for mobile network speed during the second and third quarter of 2019. Ookla, the owner of the speedtest.net website,...