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...

VietinBank Opens Laos Headquarters in Vientiane

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has inaugurated the headquarters in the Lao capital Vientiane, a move that comes amid...

Morning Market Mall Complex Slated for Redevelopment

A press conference was held last Friday at Vientiane’s Talat Sao (Morning Market) Mall to inform the public of the future of the market...

EDL-Gen Decides No Dividend Payout for First Six Months of 2019

The board of directors of EDL Generation Public Company (EDL-Gen) has decided no dividend payout after the firm reported a loss of LAK 147.15...

Laos to Offer Free Wi-Fi at Landmarks in Vientiane

Laos has launched a project to offer free Wi-Fi at landmarks in its capital Vientiane in a move to cater to not only the...

Laos to Develop Gold Mine in Xaysomboun

Laos, home to one of the largest gold mines in the world, is set to see a new gold mine operation commence in Xaysomboun...

Laos to Tighten Management of Exchange Rates

The Lao government has stressed the need to tighten the management of currency exchange rates amid the widening gap between the official and market...