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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...
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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...
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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,...
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Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...
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7-Eleven x Coca-Cola Crossover Themed Store unveils all-new Hong Kong-inspired look

This one-of-a-kind store in Kowloon has been given a brand-new look with the theme Turn Up the City's Rhythm with Coca-Cola. Play a game...

Job Opportunities Up 22% in Q2 2021 from Q1: Michael Page Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach - 17 August 2021 - Global recruitment specialists Michael Page Malaysia witnessed the number of jobs rise in Q2 2021...

Alibaba-backed SaaS company SleekFlow was selected by 500 Startups for their Global Launch Program

SINGAPORE - Media OutReach - 17 August 2021 - Having recently raised a six-figure USD Pre-Series A round investment from...

China Remains the Largest Foreign Investor in Laos

China remains the largest foreign investor in Laos, undertaking a total of 813 projects worth USD 16 billion. Deputy Prime Minister and Minister of Planning...

Innovation Decisions Accelerated: TechInsights Acquires VLSI Research

OTTAWA, CANADA - News Direct - 16 August 2021 - TechInsights Inc. is pleased to announce the acquisition of VLSI Research Inc., the award-winning provider of...

Jaguar Racing finish runners-up in season seven of the ABB FIA Formula E World Championship

Jaguar Racing finish runners-up in season seven of the ABB FIA Formula E World Championship teams’ standings Jaguar Racing driver, Sam Bird, scythed...
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