Business

Laos Signs Deal for 330MW Coal Power Plant in Xieng Khouang

A new 330-megawatt (MW) coal-fired power plant planned for Xieng Khouang Province is expected to significantly improve domestic electricity reliability for northern Laos, especially during the dry season (March to August) when river levels plummet. On 26 August, private developer B Rich Namphan Power Sole Co., Ltd. signed a contract for...

Laos Tightens Foreign Borrowing Rules as Debt Risks Persist

Laos has tightened controls on foreign borrowing as the government seeks to limit debt...

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...

SIBUR develops proprietary special component for production of rubbers and SBS polymers

MOSCOW, RUSSIA - Media OutReach - 30 January 2023 - SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing...

Ready to Rock? Hard Rock Cafe Officially Reopens in Vientiane

Classic rock ’n’ roll-themed restaurant, Hard Rock Cafe, has announced its reopening in Vientiane Capital this month. While Vientiane is bubbling with excellent restaurants, bars,...

Young Professionals in Laos Adopt LinkedIn for Serious Social Media

With LinkedIn reporting rapid growth around the world, the social media platform has also seen increased adoption among professionals in Laos. LinkedIn, founded in 2002,...

Brunei to Increase Long-term LNG Sales to Japan

Brunei LNG will begin supplying liquified natural gas to Japan Petroleum Exploration Co. (JAPEX) in April, as the business aims to stabilize its finances...

Laos Launches New Website to Provide Information for Business Registration

A new website outlining the steps required to register a business in Laos was launched on Wednesday, expected to assist investors by simplifying the...

A Turning Point In Vietnam’s HealthTech: VinBrain Announces Collaboration with Microsoft To Expand AI-Powered Healthcare to Patients Worldwide

VinBrain will collaborate with Microsoft in data sharing, product cross-validation, and product research & development. ...