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...

Bank of Laos Warns Public Against Use of Cryptocurrencies

The Bank of Laos (BOL) has issued a notice warning the public against the use of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which are unregulated...

Laos Is Second Most Expensive ASEAN Country to Buy Fuel

An official from the Ministry of Energy and Mines revealed that Laos placed second in the list of the most expensive ASEAN countries in which...

LOCA: Meet Laos’ First Ride-Sharing App

Not surprisingly, to make my way over to LOCA headquarters for this story, I downloaded and installed the LOCA app. A vehicle was sent...

Thailand’s Major Cineplex Moves into ITECC Shopping Mall

In its bid to become the top regional cinema chain operator, Thailand's Major Cineplex has reached an agreement with TK Group, the parent company...

Revitalized Lao Airlines Magazine Celebrates One Year Anniversary

13 July – RDK Group, a Vientiane-based translation and marketing consulting firm, together with Lao Airlines, has recently hosted a one-year anniversary event celebrating...

Laos Receives Four Mi-17 Helicopters

Russian Helicopters, part of the Rostec State Corporation, has completed its first service contract to the Lao Ministry of Defence, transferring four repaired Mi-17...