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...

Hang Lung Deepens Collaboration with the Hang Lung Center for Real Estate at Tsinghua University in Support of Sustainable Development and the Cultivation of...

SHANGHAI, CHINA - Media OutReach - 13 April 2023 - Hang Lung Properties (SEHK stock code: 00101) (the "Company" or "Hang Lung") and...

Sokxay Group, Dao Coffee Collaborate to Launch New Coffee Brand

The wide-ranging business operation that has branches and cooperation across the country, Sokxay Group, has joined hands with Dao Coffee to increase the coffee...

Southco Introduces H3 Electronic Locking Swinghandle Latch With Modular Security Options

HONG KONG SAR - Media OutReach - 13 April 2023 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider...

Crypto exchange Coinut selects Coinbase Custody to securely, store and insure users’ digital assets

SINGAPORE - Media OutReach - 13 April 2023 - Security is one of the main fortes of Coinut as a cryptocurrency...

VinES and Li-Cycle announce strategic, long-term battery recycling agreement

Li-Cycle assessing opportunity to develop a dedicated Spoke recycling plant in Vietnam near VinES' lithium-ion battery manufacturing facilities, underpinned by customer demand ...

Mainland Visitors Return to Hong Kong as High Street Rents Bottom Out

Border Opening Boosts Office Leasing Activities, Although Net Absorption Yet to See Immediate Rebound Retail sales rose...