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...

Thomas Karst appointed as CEO of Skyborn Renewables

Thomas Karst, Skyborn Renewables Executive, appointed CEO as of 28 March 2023 ...

Kerry Logistics Network Maintains Growth in Revenue and Core Net Profit

HONG KONG SAR - Media OutReach - 28 March 2023 - Kerry Logistics Network Limited ('Kerry Logistics Network' or together with its subsidiaries,...

Maserati Optimistic About Sales Potential in Asia Pacific Region

Maserati, the Italian luxury sports car manufacturer, is targeting the LGBTQ community in Thailand and the Asia Pacific as a key demographic for their...

Woodfibre LNG accelerates Canada’s pathway to net zero

West coast project will be the first LNG export facility in the world to achieve net zero emissionsSQUAMISH, CANADA - Media OutReach -...

Boan Biotech Announces 2022 Financial Results, Showing Accelerated Innovation and Strong 225% Revenue Growth

YANTAI, CHINA - Media OutReach - 28 March 2023 - Boan Biotech (6955.HK) announced its 2022 financial results and recent business developments on...

SSY announces 2022 annual results

Net profit up approx. 43% to HK$1,123 million; Final dividend HK$0.08/share Revenue sets record high; Seize new development opportunitiesResult summary: ...