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...

Financial PR (HK) Reaches a Strategic Alliance Agreement with Kerl & Cie To Jointly Expand Cross-board Financial PR Services

HONG KONG SAR - Media Outreach - 4 April 2023 - Financial PR (Hong Kong) Limited ("Financial PR (HK)") is pleased to...

LOFTER Group partnered with “The Hub Hong Kong”, a non-profit children’s charity

to hold a Easter fun day to celebrate with the grass-root childrenHONG KONG SAR - Media Outreach - 4 April 2023 - ...

LOCA Celebrates Electrifying Milestone: 115 EV Taxis, 440,000 KM Served

LOCA, a leading provider of eco-friendly transportation, proudly announces the expansion of its electric taxi fleet to 115 vehicles. Since the pilot program launch...

Technical Consultation Held for Lao 5th Population and Housing Census 2025

On Sunday, the Lao Statistics Bureau (LSB), Ministry of Planning and Investment, and United Nations Population Fund (UNFPA), in collaboration with the United States...

EcoFlow Launches the DELTA 2 and RIVER 2 Series in the Philippines

Four new portable power stations make grab-and-go power easy with industry-leading charging speeds in a compact form.MANILA, PHILIPPINES - Media OutReach - 4...