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...

Bybit Goes Live With ARB Token and a $400K Prize Pool

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 23 March 2023 - Bybit, the world's third most visited crypto exchange, is proud to...

Tanoto Foundation and Tsinghua University Launch First-Ever Bilateral Medical Scholarship

The bilateral medical scholarship between the National University of Singapore and Tsinghua University will be launched with a S$320,000 contribution from Tanoto FoundationSINGAPORE -...

Google Officially Partners with Respond.io, Bringing Google Business Messages to More than 10,000 Businesses Globally

KUALA LUMPUR, MALAYSIA - Media OutReach - 23 March 2023 - Respond.io, a leading customer conversation management software, announced today that they are...

Association’s newly elected management committee to focus on building a resilient society and a progressive life insurance industry

Key priorities for the year include bridging Singapore’s protection needs and financial gaps amidst rising inflation, enhancing the digitalisation journey for consumers and the...

Healthy Seas joins hands with Ghost Diving Hong Kong to remove gill nets in Hong Kong

HONG KONG SAR - Media OutReach - 23 March 2023 - In conjunction with World Water Day, Healthy Seas is proud to announce...

Dynamic US and Australian CEOs Tour Prince Horology, Asia’s Premier Swiss Watchmaking School

PHNOM PENH, CAMBODIA - Media OutReach - 23 March 2023 - Prince Holding Group (PHG) recently welcomed...