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...

Lao Securities Exchange Calls Out Firm for Failing Discloser

The Lao Securities Exchange (LSX) has designated Phousy Construction and Development Public Company (PCD) as an “Unfaithful Disclosure” Corporation, after PDC failed to disclose...

Can Laos Benefit from Farming Duckweed?

Duckweed, locally known as “Phuck Nae” is not new to many people in Laos where it is consumed as a food supplement. What people...

Laos to Join Regional Electric Vehicle Boom

Laos has launched a new electric vehicle project, joining its neighbors in Southeast Asia where the growth of the EV market is set to...

Laos Wins Case Against Foreign Investors in Casino Arbitration

Laos has won over foreign investors in the latest arbitration of an international court case involving the casino industry. The International Centre for the Settlement...

Laos, Thailand To Build Another Friendship Bridge

Laos and Thailand are considering the construction of one more friendship bridge to connect the two countries in a move that would link Vientiane...

Toong: a Hub for Progressive Entrepreneurs in Vientiane

For daring businesses and audacious go-getters based in Vientiane, it is always a headache to look for a flexible and innovative workspace, given the...