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...

KAUST partnerships in China to accelerate knowledge, technology exchange

Agreements signed between KAUST and Chinese partners aim to maximize joint research and development capabilities to stimulate innovation and economic growth.HONG KONG SAR -...

Shake Shack to Open First Store in Bangkok on 30 March

Shake Shack, the popular American fast casual restaurant chain, is all set to open its first store in Bangkok, Thailand. The new store will be...

New Generation of Malaysians Shop Value-Based Online

KUALA LUMPUR, MALAYSIA - Media OutReach - 29 March 2023 - New generations of Malaysians are shopping with purpose online — Shopee's marketplace...

Enjoy Up to S$500 Off at HipVan Singapore this Hari Raya 2023

SINGAPORE - Media OutReach - 29 March 2023 - From 11 March - 16 April 2023, HipVan Singapore celebrates Hari Raya Aidilfiri...

Konica Minolta is Named Market Leader for Colour Light and Mid Digital Production Printer in ASEAN 2022

SINGAPORE - Media OutReach - 29 March 2023 - Konica Minolta Digital Production Printers in the colour light and mid-category have taken...

UK Government Launches New Trade Scheme in Laos

The UK government in partnership with the Lao National Chamber of Commerce and Industry (LNCCI), held a launch event in Vientiane for their new...