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Category Archives: Business

Thai Kasikornbank Eyes Regional Expansion; Plans 2nd Branch in Laos

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Thailand’s Kasikornbank Pcl said on Tuesday it plans to open a second branch in Laos and upgrade the status of its local bank in China in 2017 as part of a regional expansion.

With assets of $68 billion, Thailand’s fourth-largest lender by assets is looking to open branches in Vietnam, …

China Is Transforming Southeast Asia Faster Than Ever

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China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports.

That’s driving some of the world’s fastest economic growth rates and providing Chinese companies with low-cost alternatives as they seek to move capacity out of …

Japan Tech Firms Start Lao PDR Data Center Project

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Toyota Tsusho, Internet Initiative Japan, and Mitsubishi UFJ Morgan Stanley Securities announced the start of a joint demonstration project in the Lao PDR.

The firms said the project is aimed at evaluating the effectiveness of greenhouse gas emission reduction effect and energy efficiency using advanced container-type data center technology.

Lao …

Indochina Aviation Centre Introducing Bizav to Mekong Region

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First-time MEBAA exhibitor Indochina Aviation Centre (Stand 936) is here to introduce potential customers to travel opportunities in the Mekong region and to meet with current partners and clients. “We want to tell people that the region is open,” said Indochina Aviation director and founder Christian Mosebach. “People might not …

BCEL-KT: Trade Summary (Dec 8, 2016)

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Trade Summary

Lao Securities Exchange trade mixed on Thursday. The index ended lower by 1.4 percent or 14.43 points to 1,014.05 points, weighed sharply by loss of the hydro-power stock by 100 kip to close at 5,000 kip. Even though. EDL-Gen lost 150 kip to 4,950 kip at mid morning, …

LG CNS Sells Electronic Tax System to Lao Government

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LG CNS, the IT solutions arm of LG Group and one of the Korea’s leading IT service providers in the e-Government sector, is accelerating its inroads into the overseas market along with visible results.  

LG CNS said on Dec. 6 that it has won a project worth 26 billion …

Nayoby Bank to Increase Loan Amounts, Expand Branches

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Nayoby bank will increase the maximum loan amount it releases to a customer from the current 30 million kip to 50 million kip next year and expand its service coverage in a move to enable more farmers to access finances for their production needs, a bank governor has said.

Governor …

BCEL-KT: Trade Summary (Dec 7, 2016)

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Trade Summary

On Wednesday, Lao Securities Exchange, the index stayed unchanged at 1,028.48 points, posting a small trading volume of just 1,100 shares, making around 5,550,000 kip. As the banking stock played an important role today with 700 shares exchanged at the unchanged price, 5,100 kip. In addition, EDL-Gen had …

Trade Surplus Predicted for 2016

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Phousy Construction and Development Public Company (PCD) will continue its public share offering roadshow in Hong Kong and Singapore next week in an effort to raise funds for the operational needs of the company.

Chairman of the PCD’s Board of Directors Mr Sithong Phommachith made the statement during the public …

Central Bank Permits Importers to Borrow in Foreign Currency

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The Bank of the Lao PDR has permitted commercial banks to release loans in foreign currency to importers, including those who currently have no income in foreign currency.

The central bank issued a decision recently to relax borrowing restrictions, which previously allowed only those having income in foreign currency to …

BCEL-KT: Trade Summary (Dec 5, 2016)

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Trade Summary

Lao stock exchange resumed trading after a long weekend with no change in the index. But the trading volume failed to match the pre-holiday volume, with only 300 shares in total. EDL-Gen, BCEL and SVN had 100 shares traded each, with the closing prices of 5,100 kip, 5,100 …

Intercontinental Set for 2021 Laos Debut

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Intercontinental Hotels Group (IHG) is set to open its first Intercontinental-brand property in Laos in 2021, as part of the new mixed-use World Trade Centre development. The more than 400-room Intercontinental Vientiane will join a retail mall, medical centre, conference centre, office tower and residential towers when it opens.

The …

BCEL-KT: Trade Summary (Dec 1, 2016)

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Trade summary

Lao stock market marked was quiet day on the final day of the week, index closed up by 0.13 percent or 1.33 points to stay at 1,028.48 points because of rising from BCEL’s price, making 400 shares traded and worth about 2,040,000 kip. EDL-Gen had the small trading …