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...

Thailand Visa Applicants Beware: Fortnight Wait As Consulate Appointment Bookings Bank Up in VTE

Foreign nationals seeking visas to ever-popular Thailand for residence or travel can expect waits of up to two weeks for appointments for visa application...

Lao Airlines Maintains International Safety Standards

A signing ceremony was held yesterday at the Lao Airlines headquarters in Wattay between Mr Bounma Chanthavongsa, President of Lao Airlines, and Captain Ritzerwan...

Cabinet Strengthens Gov Agencies Leeway To Act on Land Concessions

Land Concessions, giving development and usage rights to various individuals and corporate domestic and international investors, has long been considered one of the critical levers to...

E-Commerce Benefits Require Access, Digital Connectivity At Right Cost in Laos

Barriers such as costs and strength of connectivity, infrastructure, facilitation must be overcome so ongoing development of e-Commerce in Laos can assist more women, small firms,...

Farmers Like Her: Surpassing Opium Proves Personal As Coffee Grows in Northern Laos’ Huaphan Province

Bringing fresh hope and a hot coffee like a brand new day, Vanmai Coffee is a community of families in Northern Laos, growing coffee...

Journey From Resource Exploitation To Knowledge Economy A Long, Necessary Road in Laos

OPINION: What are you going to do when you grow up? It's a question relevant to socio-economics as well as people as policymakers discuss "Vision...