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...

FIFA 2018 Fans Must Legally Watch Games Only Through Exclusive Media Right Owner TVLAO

Restaurants, beer gardens and other entertainment venues that have the intention of publicly broadcasting the FIFA 2018 matches to their guests and customers are required...

Essential ingredients

Keeping it real is the name of the game for Les Artisans Lao High above an art gallery, in a small room in a narrow...

The Best of Laos

A country could tell its whole story through food, if only it knew how.  When Latsamy Vetsaphong first heard a western friend wondering aloud where...

Government Declares One-Dish Menu Items to Be Priced No More Than 15,000 Kip

The Ministry of Industry and Commerce has just announced that it will be implementing a new price control policy, in Vientiane Capital, on the following popular...

Dao Coffee Releases “Companion For Your Journey” Visit Laos Year Video

Dao Coffee has just released a tourism-themed video that invites all Lao people to visit tourism destinations in their own country. Filled with vibrant and colorful scenes of...

FPT University and Sengsavanh Group to Offer First International Tertiary Education in Laos

The Sengsavanh Education Group, one of the largest education firms in Laos, has made preparations to become the first college in Laos to offer international tertiary...