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...

Central Bank Approves Only 3 QR Payment Services in Laos

The Bank of Laos (BOL) has issued a statement to the general public regarding the use of QR code payment services being offered by financial institutions that...

Laos Making Efforts to Improve Ease of Doing Business

The government of Laos is making efforts to improve the ease of doing business in the country by streamlining the process for business registrations. According...

Wonderful Indonesia Center to Open in Vientiane, Promote Business and Tourism

Indonesia will begin promoting its potential as a business and travel destination to the people of Laos through the establishment of its Wonderful Indonesia...

Lao Government Warns Public About Dangers of Financial.org

The Lao government has issued a notice warning members of the public against investing in bogus investment broker, financial.org, and calling on those who...

Vientiane Bus Company Announces Fare Increases

The Vientiane State Bus Enterprise has raised the price of bus tickets for bus routes within the capital city due to constant hikes in fuel prices...

Dao Heuang Coffee to Penetrate Chinese Market

The Dao Heuang Group, one of the biggest producers of coffee in Laos, is expanding its overseas sales network to China, where coffee consumption...