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...

Thongkhankham Market Opens in Vientiane

The new modern commercial complex known as Thongkhankham Market in Vientiane has officially opened to the public since it had begun construction in 2015. The...

BCEL Partners with Thanachart Bank for QR Code Banking in Thailand

Banque Pour Le Commerce Exterieur Lao Public (BCEL) has entered into a strategic partnership with Thanachart Bank of Thailand to bring QR Code payment...

TKI Insurance Causes a Stir in the Lao Insurance Market

Two newly formed insurance companies based in Vientiane, TKI Life Insurance and TKI General Insurance, are expecting to conquer the life and general insurance markets in Laos with packaged...

How to Tell the Difference Between Real and Fake Lao Bank Notes

The central bank of Laos (Bank of Laos) has issued public leaflets detailing how to tell if the banknotes we are using are fake. Fortunately, authentic...

Made In Laos Exhibition 2018 Showcases the Best of Laos

The Made in Laos Exhibition 2018 provides an opportunity for businesses in Laos to promote their products and services to both local and foreign exhibition goers. Organized by the Lao National...

IMF Executive Board: Lao Economy Continues to Perform Well

The Executive Board of the International Monetary Fund (IMF) recently gave a favorable analysis of the Lao economy: Lao P.D.R.’s economy continues to perform well, supported by a...