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...

Monitchem Holdco 2 S.A.: Thomas H. Ahrens will become new CEO of CABB Group

SULZBACH, GERMANY / PRATTELN, SWITZERLAND - EQS Newswire - 24 March 2023 - CABB Group today announced that Thomas H. Ahrens (61) will become...

Oasys and SBI VC Trade Partner to Introduce Innovative Wallet Solution for Blockchain Gaming in Japan

SINGAPORE / TOKYO, JAPAN - Media OutReach - 24 March 2023 - Oasys, the gaming-optimised blockchain, today announces its new partnership with...

Authorities Order Closure of Vientiane’s Sihom Night Market

Authorities in Vientiane Capital ordered the immediate closure of the Sihom Night Market, also referred to as “Hengboun Food and Culture Street,” yesterday evening. Authorities...

Greenbriar Becomes the First Public ESG Company to Sponsor the Miami PC of The Pro Padel League

Ground-Breaking Collaboration with the Miami Pro Padel Club - Miami PCNewport Beach, California - Newsfile Corp. - 23 March 2023 - Greenbriar Capital...

Dachser sees another leap in growth

Between economic boom and normalization: Dachser generates an additional billion EUR in revenue and plans investments of over EUR 300 millionKEMPTEN/MUNICH - Media...

Shopee Consumer Trends report reveals key digital habits among Singapore shoppers

80% of Singaporean users attest to the usefulness and convenience that e-commerce platforms like Shopee offer as a one-stop shopping platformSINGAPORE - Media...