Business

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new non-bank financial institutions in Vientiane Capital. Effective from the announcement date onwards, the suspension applies to both domestic and foreign investors seeking to establish deposit-taking microfinance institutions, non-deposit-taking microfinance institutions, and pawnshops in the capital. BoL said...

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...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...

DHL Supply Chain makes strategic leadership appointments in Asia

Noel Singgih and Michael Lai are appointed as Chief Information Officer and Chief Operating Officer respectively Strategic moves come at an opportune time...

CPA Australia: Mainland Chinese businesses lead the way in technology usage in Asia Pacific

Survey reveals Mainland Chinese businesses lead technology usage in region.91 per cent of survey respondents expect to increase technology investment.Cybersecurity concerns identified as...

Foresight Begins Proof of Concept Project with a Leading Chinese Vehicle Manufacturer

The POC project in China follows the recently announced MOU with CheryNESS ZIONA, ISRAEL - News Direct - 27 August 2021 - Foresight Autonomous...

Chinese Investors Propose Laos-China-Vietnam Triangle Development

Authorities in Phongsaly Province have approved a feasibility study for the development and construction of a new Special Economic Zone at the borders of...

A New Paradigm: AptameX, A Synthetic, Saliva-Based Rapid Covid-19 Diagnostic Test with Sensitivity at CT Scores >25

PT Achiko Medika Indonesia and PT Indofarma Tbk are delighted to announce the product and registration emergency use approval of its revolutionary diagnostic test...

SunMirror AG Agrees to Acquire Latitude 66 Cobalt Oy with its advanced battery metals portfolio to strengthen its position as Europe’s ‘Green Metals’ company

SunMirror expands business activities to Finland, one of the most attractive mining areas in the worldAgrees to acquire the largest exploration tenement holding in...