Business

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

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...

Vietnamese EV Car Company Issues Recall on Cars Sent to US

VinFast, a Vietnamese electric car company, recalled its first batch of cars sent to the US due to safety risk posed by a faulty...

Laos-China Railway Opens Ticket Office at Khamsavath Station

The Laos-China Railway launched its new ticket reservation office last week at the soon-to-be operational Khamsavath station in the capital city of Vientiane. After the...

New Music Online Learning System: Sheung’s Studio Brings the Beauty of Pop Music to All ASIAN

HONG KONG - Media OutReach - 29 May 2023 - The pop music scene in Hong Kong has recently experienced an unprecedented boom...

The Little Flower Shop Singapore Doubles Down on Customised Event Floral Installations

SINGAPORE - Media OutReach - 29 May 2023 - In response to the revived event industry, The Little Flower Shop is excited...

Bank Negara Malaysia (BNM) raises interest rate after a long pause: implications for the ringgit

KUALA LUMPUR, MALAYSIA - Media OutReach - 26 May 2023 - BNM's decision to raise the interest rate was an attempt to stabilise...

O&P Quality Trade Co., Ltd. Partners with Mahidol University to Innovate and Enhance Consumer Well-being in Health and Beauty

BANGKOK, THAILAND - Media OutReach - 26 May 2023 - O&P Quality Trade Co., Ltd. (O&P QUALITY TRADE CO., LTD.), a renowned...