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...

DFA Design for Asia Awards 2023 – Call for Entry

Showcase the Power of Asian Design on the Global StageOpen for International Submission on 1 April, Limited-Time 50% off Entry HONG KONG...

Shanghai Tang x Fine Artist Gao Ludi Limited Edition Fashion & Art Collaboration Series “Fresh SHEEN”

HONG KONG SAR - Media OutReach - 31 March 2023 - For Spring 2023, Shanghai Tang and Chinese artist Gao Ludi jointly launched...

China SCE Group Stayed Resilient in 2022 with Robust Financial Performance

Profit Attributable to Owners of the Parent Amounted to RMB24.5 MillionHONG KONG SAR - Media OutReach - 31 March 2023 - China...

Metalloinvest invests RUB 52 billion in eco-efficient tailings storage facility at Lebedinsky GOK

MOSCOW, RUSSIA - Media OutReach - 31 March 2023 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one...

Nexon Joins Oasys Blockchain As a Validator

SINGAPORE - Media OutReach - 31 March 2023 - Oasys, a gaming-optimised blockchain, today announces that renowned global video game giant, Nexon, has...

HIMA Expands its Asia Pacific Operations with Presence through New Taiwan Office

Opening of branch office reaffirms HIMA’s commitment to customers and partners in Taiwan TAIWAN, TAIPEI - Media OutReach - 31 March 2023 -...