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...

Luang Prabang Authorities to Manage Market Vendors Ahead of Lao New Year

Authorities in the province of Luang Prabang have announced that vendors will be allowed to set up shops without permission at the Traditional Market...

First Hydrogen Unveils Next Generation Zero Emission Vehicle

Vancouver, British Columbia - Newsfile Corp. - April 3, 2023 - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN"...

South China Vocational Education Announces its 2022 Annual Results Revenue Grows Steadily to RMB516.3 million

Actively Supports and Serves Country’s Development Strategies Upholds "Empowering Industry-education Interaction and Creating Value” PhilosophyHONG KONG SAR - Media OutReach - 3...

Array’s Next-Gen Algorithmic Stablecoin System: Built on Self-Developed AI Algorithms

VICTORIA, MAHE, SEYCHELLES - Media OutReach - 3 April 2023 - Recently, the AI+Stablecoin project Array has attracted attention in the industry by...

Sgcarmart Introduces New Financing Initiative for Used Cars

A new fully-digital 'Smart Loan' service for used car buyers SINGAPORE - Media OutReach - 3 April...

Cinese International Announces 2022 Annual Results

Gross profit up by 35.5% year-on-year Endeavors to sustain travel-related business and explore new opportunities with strategic deployment HONG KONG SAR...