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...

Laos Cracks Down on Illegal Foreign-owned Businesses

Laos will crack down on foreign-owned businesses operating in the country without the proper permit. The Lao government has begun to inspect foreign-owned businesses to...

Laos, Thailand Sign New Cross-border Road and Rail Deal

Laos and Thailand have signed an agreement to extend road and rail connections between the two countries worth more than THB 3 billion (USD...

Laos Swine Flu Outbreak Sees Thailand, China Ban Pig Imports

China and Thailand have both ban pork and pig product imports from Laos following the country's first outbreak of African swine fever. The first cases...

Laos Improves Trade Regulations for Foreign Companies

Foreign companies that export products to Laos will no longer require a domestic business license under new trade regulations issued by the Ministry of...

Sabaidee Japan!

Mr. Fumiyasu Sakata, from Japan, is a special advisor on Lao Airlines’ internationalization project. Recently, we were able to sit down with him to...

Passengers Plus: 2nd Terminal In Plans for Wattay International Airport in Laos’ Capital Vientiane

Increasing passenger numbers via Vientiane's Wattay Airport as Laos pushes plans for a second terminal forward in capital. The latest push comes after the completion and opening of a...