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...

Bybit Launches Optimized ETH Staking Ahead of Ethereum’s Shanghai Upgrade

DUBAI, United Arab Emirates - Media OutReach - 31 March 2023 - Bybit, the world's third most visited crypto exchange, launched its new...

Vientiane’s Khua Din Market to Temporarily Close for New Development

The iconic Khua Din market, located in Vientiane Capital, will close temporarily next month to undergo major development. Lieng Heng Enterprise Commercial Management, the market's...

KBTG Wins MongoDB APAC Innovation Awards 2023

BANGKOK, THAILAND - Media OutReach - 31 March 2023 - On March 30, 2023, KASIKORN Business-Technology Group (KBTG) was named the winner of...

Swang Chai Chuan Limited Announces FY2022 Annual Results

Revenue and adjusted profit increased by 25.0% and 18.4% YoY respectivelyPerformance Highlights Revenue...

BExcellent Group acquires for 30.0% equity of a local overseas education consultant company

Cooperation with industry expert to deepen oversea education businessHONG KONG SAR - Media OutReach - 31 March 2023 - "Glocal Education Services Centre"...

Yonghe Medical Announces 2022 Annual Results

Steady growth of stores and layout; Revolutionary academic achievements promote industry progressFinancial Highlight: Revenue...