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...

American Express appoints Walter Liu as Head of Asia Region

SINGAPORE/ BANGKOK, THAILAND/ TAIPEI, TAIWAN - Media OutReach - 24 March 2023 - American Express has appointed Walter Liu in the newly...

“Timeless Leslie Encounter” at Olympian City Pays Tribute to Leslie Cheung in commemoration of 20 years of his legacy with 20 Stories of Encounter,...

HONG KONG SAR - Media OutReach - 24 March 2023 - To commemorate 20 years of legacy of iconic pop star Leslie Cheung,...

LG’s Unprecedented Effort in Promoting Digital Art Through A Variety Of Collaborations

A Journey through Multiple Art Exhibitions hosted in Hong Kong, Creating The Best Digital Canvas with its No.1 OLED Screen TechnologyHONG KONG SAR -...

Solomon Systech Announces 2022 Annual Results

Maintained a Steady Growth Momentum with Revenue Up 13.5% Mobile Display and Mobile Touch ICs Delivered Outstanding PerformanceFinancial Highlights: ...

VinFast will deliver the first VF 9 batch on March 27, 2023

HANOI, VIETNAM - Media OutReach - 23 March 2023 - VinFast announced it will officially deliver the first...

The Fed raises interest rates despite the ongoing banking crisis

On Wednesday, 22 March 2023, the Federal Reserve continued its fight against inflation and once again...