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...

Glints Forecasts Increased Demand from Hong Kong Employers for Skilled Southeast Asia Tech Talent

With a talent shortage, Hong Kong-based employers are becoming flexible and adaptable in building high-performing teams in markets like Indonesia, Vietnam, and the PhilippinesHONG...

HDBank outstanding loans to property sector, corporate bond holdings among industry lowest

HO CHI MINH CITY, VIETNAM - Media OutReach - 4 April 2023 - The Ho Chi Minh City Development Joint Stock Commercial...

Alcatel-Lucent Enterprise launches new Partner Programme for worldwide network of 3,400 partners

SINGAPORE - Media OutReach - 4 April 2023 - Alcatel-Lucent Enterprise, a leading provider of communications, cloud and networking solutions...

GEODIS honored by Arkema China at its Annual Carrier Conference

Partnerships underscore the collaboration between industry and supply chain provider as trade flows stabilise SHANGHAI, CHINA - Media OutReach - 4 April 2023...

New Philips Monitor is Released with SuperWide Docking Monitor with Noise-Canceling 5MP Webcam

SINGAPORE - Media OutReach - 4 April 2023 - This monitor combines two desktops and a webcam in one setup. ...

Malaysia Global Business Forum identified critical considerations for Malaysia in ASEAN’s digital economy

KUALA LUMPUR, MALAYSIA - Media OutReach - 4 April 2023 - The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed...