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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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Alipay Payment Platform Set to Enter Laos

Chinese mobile payment platform Alipay is set to make a foray into Laos after Lao Development Bank (LDB) entered into an agreement with KIWI...

BCEL, UnionPay to Launch QR Code Payment Service in Laos

Banque pour le Commerce Exterieur Lao Public (BCEL) has joined hands with Chinese payment service provider UnionPay International (UPI) to roll out new QR...

Laos to Tighten Regulations on Gas Stations

Laos will tighten regulations on the location of fuel depots and gas stations in residential areas to ensure the safety of residents. According to a...

Laos Sees Drop in Foreign Direct Investment Inflow

Foreign direct investment (FDI) inflow to Laos decreased in 2018 amid a drop in new investment from China, a recent report has shown. FDI inflow...

WhatsApp the Most Popular Mobile App in Laos

WhatsApp is the most popular mobile application in Laos, according to a report by the Korea Trade-Investment Promotion Agency (Kotra). “WhatsApp is the most popular...

Huawei to Boost Presence in Laos amid US Sanctions

Huawei has unveiled its latest solutions in Laos such as 5G, smart cities, smart government, and Huawei Cloud in a move that would help...
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