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...

PTT to Expand Further in Laos Market

PTT Public Company Limited, one of Thailand's largest fuel distributors, says it has plans for further expansion in Laos. After entering the Lao market...

Public Hotline to Report Abuses at the Market: 1625

Officials from the Vientiane Department of Industry and Commerce performed a random inspection at multiple markets such as Kuadin Market, Aussie Market, Phonthong Market and...

Meet Laos’ First Private Analytical Environmental Services Firm

On the 29th of March, Phanthamit Analytical Lab Company held a launch ceremony and officially became the first private, independent environmental analytical lab company...

Theun-Hinboun: 500% Return On Investment For Lao Government

The Theun-Hinboun Power Company (THPC) organized an event to celebrate its 20th Anniversary of operations  in Vientiane last Saturday. It had been exactly twenty years since the plant...

Phishing Site Claims to be BCEL One in April Fools Prank

Online scammers have just gotten trickier and this time they were after the sensitive financial data of state bank BCEL's faithful customers, and launching it on...

The UK’s Heathfield International School Brings New Standards to Laos

The United Kingdom's Heathfield International School has recently arrived, making Vientiane the home of its second branch in Asia (the first being in Bangkok), bringing new standards to Laos. Heathfield International School Vientiane uses the...