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...

Over 200 Businesses in Vientiane Affected by Second Wave of Covid-19

Some 245 businesses in Vientiane Capital have been severely affected by the second wave of the Covid-19 in Laos. Head of the Vientiane Capital...

Singapore’s Favourite Bakery Awfully Chocolate to Make World’s First Wizarding World Inspired Mooncake Collection

SINGAPORE - Media OutReach - 5 August 2021 - Singapore's finest Mid-Autumn flavours pair with the magic of the Wizarding World! Homegrown Awfully Chocolate is proud...

Schneider Electric and the Global Footprint Network partner on “100 Days of Possibility” initiative to promote solutions to fight climate change

HONG KONG SAR - Media OutReach - 5 August 2021 - Schneider Electric, the leader in the digital transformation of energy management and...

LBank Recruits Philippine Elites Community Ambassador to Share Crypto Growth Dividends

MANILA, PHILIPPINES - Media OutReach - 5 August 2021 - As an innovative global trading platform for various crypto assets, founded in 2015. ...

AXA launches first-in-market “SurgiCare Surgical Insurance Plan” to provide lump-sum payout for VHIS defined surgeries

Survey: One in every three people in Hong Kong have had surgeryRecovery after surgeries could cost over HKD250,000AXA fills the protection gap with...

Appier delivers strong performance in second quarter and revises upward full-year forecast

Significant gains in profitability growth fueled by AI-enabled transformation from customers across APAC and USAppier delivered the following results for second quarter of ...