Business

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 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

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...

Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check...

KLab Inc.’s Subsidiary BLOCKSMITH&Co. Announces Development of BLQS Verse and Adoption of user-contributed short vertical video quiz application “QAQA” on Oasys

TOKYO, JAPAN - Media OutReach - 28 June 2023 - KLab Inc. (Head office: Minato-ku, Tokyo, President & CEO: Hidekatsu Morita, hereinafter referred...

Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 27 June 2023 - Bybit FinTech FZE, a subsidiary of Bybit, a global leading crypto...

DYXnet’s SASE Solution Wins Bronze Stevie® Award 2023 for Innovation in Digital Transformation

HONG KONG SAR - Media OutReach - 27 June 2023 - DYXnet, the wholly-owned subsidiary of VNET Group (NASDAQ: VNET), was named the...

Smart Finance will be orchestrating the Global Web 3.0 Technology Summit in Hong Kong on July 20, 2023.

HONG KONG SAR - Media OutReach - 27 June 2023 - The impending Global Web 3.0 Technology Summit, hosted by Smart Finance in...

Nexus & SPARKD: Combining Science, Innovation And Fitness

Nexus International School (Singapore) collaborates with SPARKD to bring brain fitness to a school in Asia for the first time and pioneering a programme...

Finture introduces cross-border financial solutions to enhance convenience of Hong Kong travelers and foreign domestic workers

HONG KONG SAR - Media OutReach - 27 June 2023 - YUP, the credit payment platform created by Singaporean startup Finture, introduces a...