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...

Shopee Launches Brand Protection Partnership (BPP) Initiative, Strengthening IP Protection in Collaboration with Leading Brands and Rights Holders

SINGAPORE - Media OutReach - 19 May 2023 - Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, launched its Brand...

Energy Company in Thailand Eyes EV Ecosystem Business in Laos

A Thailand-based renewable energy company is keen on starting an electric vehicle business in Laos once the country has technology in place to help...

Apple Storage Group – The First Wine Storage Store to Grandly Open in June

HONG KONG SAR - Media OutReach - 19 May 2023 - Apple Storage Group has been committed to providing customers with diversified...

Mahsuri Food Holds Ground Breaking Ceremony for a New Sauce and Condiment Plant in Malaysia

Providing high-quality Halal-certified sauce products to ASEAN region and beyond SEREMBAN, MALAYSIA - ...

Singapore-founded development powerhouse Proteus-DT Pioneers No-Code Strategies that Transforms App, Web & System Development for Businesses

SINGAPORE - Media OutReach - 19 May 2023 - Proteus-DT is changing how businesses approach app, web and system development with innovative...

Telefield Medical Imaging Completed the Pre-A Round Financing Totalling Nearly 40 Million HK Dollars to Drive China’s Original Technological Innovations for Medical Imaging

HONG KONG SAR - Media OutReach - 19 May 2023 - Telefield Medical Imaging (TMI) Limited is the world's leading provider of AI...