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...

Infrastructure Development To Keep Laos Economy Growing Despite Headwinds, World Bank Says

Global economic headwinds are impacting on the East Asia Pacific, yet large infrastructure projects are still expected to accelerate economic growth in Laos, according to...

25 Year Span: Lao-Thai Friendship Bridge Quarter Century Anniversary Arrives Via Australian Aid

Hundreds of thousands of cross-border passenger and vehicle trips each year are made possible by the first friendship bridge that crosses the Mekong from Laos' capital...

Max Mara vs Laos’ Oma Ethnic Group: Fashion Chain Facing Claims of Textile Plagiarism, Design Theft

The Laotian Times looks at the plagiarism accusations lodged against fashion chain Max Mara by the Traditional Arts and Ethnology Centre. In doing so, we...

Future Electric: EV Destiny Driving Rapidly Towards Laos

Promising prospects for electric vehicles (EV) in Laos as an agreement signed between power producer ລັດວິສາຫະກິດໄຟຟ້າລາວ EDL and electric-powered vehicle proponents EVLao, The Laotian Times reports. Looking to...

Flying In: Singapore’s Scoot Swoops Into Laos’ Vientiane, World Heritage Listed Luang Prabang

Flying from Singapore to Laos and beyond just got easier after Scoot launched its inaugural flights from the city-state to the jewel of the Mekong. The...

$US10Mil in Deals, Referrals As Laos’ First Real Estate Expo Results Reviewed

Time flies! So do real estate investment, advertising, financing and development opportunities... That's clearly a philosophy what many folks ascribe to in Laos as some $US10...