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...

Google’s Artificially Intelligent ‘Bard’ Set For Next Stage

Google announced Tuesday it's allowing more people to interact with "Bard," the artificially intelligent chatbot the company is building to counter Microsoft's early lead...

Vietnam Expo introduces domestic products to world

HANOI, VIETNAM - Media OutReach - 22 March 2023 - The Vietnam International Trade Fair - VIETNAM EXPO is an annual event held...

Research Highlights Cyber Security’s Underestimated Role as a Business and Revenue-enabler

Global study reveals boards still undervalue cyber’s role HONG KONG SAR - Media OutReach - 22 March 2023 - Trend Micro...

Pakse to Build Walking Streets, Night Markets to Attract Visitors

The city of Pakse will construct new walking streets and night markets in the town center by mid-2023 to attract more domestic and international...

OneHypernet extends wholesale FX rates to SMEs

SINGAPORE - Media OutReach - 22 March 2023 - OneHypernet, a money transfer network that connects financial institutions for foreign exchange (FX) payments,...

Graphisoft’s Archicad Collaborate makes leading BIM technology more accessible through new subscription offering

With Archicad Collaborate, architects now have easy, affordable access to powerful BIM technology for design and cloud collaboration.BUDAPEST, HUNGARY - Media OutReach -...