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...

Perx Technologies To Transform Customer Engagement Experience with Workato

SINGAPORE - Media OutReach - 28 March 2023 - Workato, the leading Enterprise Automation Platform platform announced today that Singapore-based Perx Technologies, a...

Media OutReach Newswire Strengthens Vietnam Distribution Network

Asia’s leading newswire adds new media partners to its distribution network in Vietnam, bringing the total number of guaranteed online posting to 20 news...

JC Movers Expands Storage Facility With New Warehouse In Tampines

SINGAPORE - Media OutReach - 28 March 2023 - Leading professional movers in Singapore for fuss-free furniture removal and disposal as...

OctaFX sponsors exam fees for ‘Ideas Academy’ students

KUALA LUMPUR, MALAYSIA - Media OutReach - 28 March 2023 - The international broker OctaFX has sponsored the Cambridge IGCSE curriculum exam fees...

Xapo Bank Becomes The First Fully Licensed Bank To Enable USDC Deposits and Withdrawals

Xapo Banks marks a watershed moment for digital asset innovation by enabling members to bypass costly and time-consuming SWIFT payments and deposit and withdraw...