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...

Looking North: Opportunity has Laos’ Young Entrepreneurs Eyeing China

Partners from China willing to invest in business opportunities in Laos to supply outsized demands in their giant home market are in the sights...

AccorHotels Supports Attapeu Disaster Relief Efforts

In response to the devastation caused by the dam collapse in Attapeu, AccorHotels donated US$10,000 to the Lao Red Cross to support immediate disaster...

Celebs & Famous Faces Among Line-up to Test Drive Jaguar in Lao Capital

High-speed celebrity spotting went into overdrive at ITECC at the weekend as performers like Jo Jo Miracle, singer Aluna Thavansouk & model and actor Tot Lina joined...

Ecotourism Investment in Savannakhet Promotes Sustainable Development and Poverty Reduction

Lao PDR’s development has been rapid during the last decade, largely funded by income from natural resources driving the bulk of economic growth. The...

Laos’ PM Thongloun Confirms Hydropower Policy at WEF on ASEAN

International experts continue investigative efforts alongside Lao regulators looking into the causes of the fatal Xe Pian Xe Nam Noy dam collapse in Attapeu...

ANZ Laos Holds Food, Beverage and Agriculture Forum

Improved domestic cross-border transport and logistics, coupled with widening and deepening demand for clean, green vegetables and fruit both in neighboring China and across...