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...

Laos, Vietnam, Thailand Join Hands to Boost Tech Innovation and Creativity

Makerbox Lao, University of Science and Technology Hanoi (USTH), and Khon Kaen University (KKU) Thailand came together to discuss a possible collaboration in promoting...

Prince Foundation Congratulates Cambodia Men’s National Volleyball Team on Their Success at the 32nd SEA Games

PHNOM PENH, CAMBODIA - Media OutReach - 19 May 2023 - Prince Foundation held a congratulatory ceremony at the Volleyball Federation...

HKSTP Partners with JYCGIF: New Memorandum of Understanding Aims to Draw Female Secondary Students to I&T

Partnership Focused on Developing Female Talent Pipeline for Hong Kong’s I&T Ecosystems ...

Johnson Electric reports results for the year ended 31 March 2023

Highlights of FY2022/23 Results For the financial year ended 31 March 2023, total sales...

Secured Lending Application Selected for HKMA’s Inaugural e-HKD Pilot Programme for Retail Central Bank Digital Currency (CBDC) Assessment

The Hong Kong Monetary Authority (HKMA) has selected a secured lending application of e-HKD for the...