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...

PM Thongloun Pushes Laos-made at China International lmport Expo in Shanghai

Laos' Prime Minister Thongloun Sisoulith was in China's major economic city Shanghai pushing the Made-in-Laos message as the country's policymakers and entrepreneurs seek to leverage increased...

Beer Drinkers Post-Halloween Hangover Risk Reduced as Prices Rise in Laos

Beer drinkers beware this Halloween! Lao Brewery Company announced wholesale price increases to retailers of its flagship beverage Beerlao on Monday, October 29. Suppliers and retailers were notified of...

Simple, Natural, Innovative As BambooLao Straws Slurp Up Tourism Award

Luang Prabang's very own BambooLao has captured the top prize and a US$10,000 Innovation Grant in the 2018 Mekong Innovative Startups in Tourism (MIST) challenge,...

Maybank Foundation Expands Silk Weaving Centre in Laos

Maybank Foundation has expanded its Maybank Women Eco-Weavers centre in Laos with the addition of a hostel for the women who are being trained...

Mouvement at the Cutting Edge of Men’s Fashion in Laos

Take a stroll through the markets of Laos and you will surely see the sinh, the long wraparound skirt which is the national dress...

Laos’ economic growth rate revised to 6.6%, floods dampen prospects

Anyone who has been flicking on screens to news of floods in Laos, extreme weather-related disasters in the region and trade frictions beyond will...