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...

MDRT Global Services Announces 2023 Culture of Excellence Award Winners

These exclusive awards evaluate applicants through rigorous criteria for professional and personal growth to recognize top achievement in financial services field leadership. 46 of...

First Hydrogen’s Hydrogen-Powered LCV Praised by Rivus

Vancouver, British Columbia - Newsfile Corp. - May 24, 2023 - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN"...

IMF Sees Laos Return to Steady Growth, Warns of Debt Risk

This year's conversation with Laos saw the IMF focused on how to support steady economic growth in 2023, considering the high public debt that...

XSGD expands multichain ecosystem with support on Hedera

XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative networkSINGAPORE - Media OutReach - 24 May 2023 -...

DHL Global Forwarding announces leadership change in Asia Pacific

After more than two decades with the company, Kelvin Leung, CEO, DHL Global Forwarding, Asia Pacific,...

Vantage Data Centers Opens New Expanded Asia Pacific Headquarters in Singapore

New local HQ to propel Vantage’s strategic growth across APAC DENVER, USA and SINGAPORE - Media OutReach - 24 May 2023 - Vantage...