News
Banks, financial institutes ordered to defer principal and interest payments
The Bank of the Lao PDR has issued a decision ordering commercial banks and micro-financial institutes to postpone for three months – from May – deadlines for principal and interest payments for those who have borrowed loans for living expenses. The decision, dated May 13, 2021, ...
KPL
Central bank imposes measures to stabilise kip
The Bank of the Lao PDR has imposed measures to help prevent the further depreciation of the kip against international currencies.According to a newsletter published by the central bank earlier this week, to prevent the kip sliding further against the US dollar and Thai baht, ...
Ekaphone Phouthonesy