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...

Launch of ixCrypto Stable Coin Index

HONG KONG SAR - Media OutReach - 6 April 2023 - Today, IX Asia Indexes Company Limited ("IX Asia Indexes") announced the launch...

Celebrate Pi Mai Lao At Pullman Luang Prabang

Celebrate the Lao New Year at Pullman Luang Prabang, the largest resort in Luang Prabang offering a wide range of facilities. Prices start from...

The OctaFX retrospective—last year’s Ramadan

KUALA LUMPUR, MALAYSIA - Media OutReach - 6 April 2023 - Year in, year out—the month of Ramadan remains a special period for...

Influential Brands Celebrates Champions Of Business Excellence In Asia With Events In Singapore And Thailand As Part Of The Celebration

SINGAPORE - Media OutReach - 5 April 2023 - Amidst much uncertainty in the global environment, the tenth edition of Influential Brands®...

HDBank, 부동산 부문 미상환대출 및 회사채 보유 비율 업계 최저 수준

베트남 호치민시 - Media OutReach - 2023년 4월 5일 - 호치민시개발은행(Ho Chi Minh City Development Joint Stock Commercial Bank)이 PwC 회계 감사를...

Laos Sees Marginal Relief From High Inflation, With 0.29% Decrease in March

According to the Lao Statistics Bureau (LSB), the total inflation rate for March decreased slightly to 40.97% compared to February's figures of 41.3%. However, the...