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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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Asia’s Leading Crypto Financial Services Platform Matrixport Valued at Over $1 Billion — Two Years After its Founding

Series C funding round led by partners of DST Global, C Ventures and K3 Ventures with Jihan Wu’s crypto firm raising $129 Million to...

Allianz: Shipping losses stay at historic lows, but Asia remains largest global loss hotspot

Safety & Shipping Review 2021: 49 large ships lost worldwide last year. Total losses down 50% over 10 years. Number of shipping...

Headline Asia Announces the Close of Fund 4 at Over $100 Million

TOKYO, JAPAN - Media OutReach - 3 August 2021 - On July 31, 2021, early-stage venture capital firm Headline Asia (formerly known as...

OctaFX partners with Pertubuhan Tindakan Wanita Islam (PERTIWI) to distribute charity dinners during Eid al-Adha

KUALA LUMPUR, MALAYSIA - Media OutReach - 3 Aug 2021 - On 20 July, OctaFX supported charitable organisation Pertubuhan Tindakan Wanita Islam (PERTIWI) in the distribution of meals...

PMI Asia Pacific partners with CBRE to train & upskill high performers to achieve PMP® certification

SINGAPORE - Media OutReach - 3 August 2021 - Project Management Institute (PMI), the world's leading association for project professionals and CBRE,...

GEODIS in New Zealand gears up for major expansion with new facility at Auckland Airport

Twice the size of the current facility, the new site will provide best-in-class logistical offerings to GEODIS’ customer baseAUCKLAND, NEW ZEALAND - Media OutReach - 3...
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