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...

Unbox & Discover: Unleashing the Wow Factor with Samsung’s 2023 Lineup

2023 TVs and sound devices showcase the latest innovations in premium audio and visual performances for homes of all sizes SINGAPORE - Media...

Vientiane Authorities Alert Vendors to Not Raise Prices During Lao New Year

With the Lao New Year festival just around the corner, the Department of Industry and Commerce in Vientiane Capital has reminded shopkeepers and stall...

ABBANK accelerates banking transformation with Backbase Platform in Vietnam

Backbase’s Engagement Banking Platform powers both retail and business banking HANOI, VIETNAM - Media OutReach - 6 April 2023 - Backbase, the global...

Blue Cross Launches HomeElite

Coverage for Household Contents up to HK$1,300,000 Incorporating Green Elements and Rewarding BEAM Plus Property with Supermarket e-Cash Coupons HONG KONG SAR...

Sennheiser TeamConnect Ceiling 2 enhances hybrid learning experience at The Education University of Hong Kong

The Education University of Hong Kong chooses Sennheiser’s TCC 2 for its e-learning Pedagogy Space (ePS) to provide a flexible and premium hybrid learning...

“Love Casa Dream Casa” Casablanca hosts first-ever Bedding Design Competition in celebration of 30th anniversary

HONG KONG SAR - Media OutReach - 6 April 2023 - For the last 30 years, Casablanca has stood at the forefront of...