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 Banana Exports No Longer Pick of the Bunch

China has slapped inspection measures upon banana exports from Laos, hindering what was a booming trade. While Laos is still the second largest exporter of...

Top Thai Brands 2018 Event Launches in Laos

The Top Thai Brands 2018 Exhibition event has kicked off with a bang yesterday at ITECC in Vientiane Capital. Attending the event was Vice Minister...

Lao Cement Becomes 7th Company to be Listed on Lao Stock Market

Lao Cement Public Company became the seventh company to be listed on the Lao Securities Exchange, under the financial advisement of Lao-China Securities Company, and with the former's shares being...

PLAOSME.com: Laos’ New E-Commerce Platform

On the 2nd of March, the Ministry of Commerce and Industry (MOIC) together with the Asian Development Bank (ADB) organized an event in Paksé,...

Milk and More

It was an innocent question about buffalo curd that started four expats on a life-changing journey to rural Luang Prabang. Australians Susie Martin and Steven...

Vietnamese Citizen Behind Fraudulent Laokham Company

The director of Laokham Consultant Investment Sole Co Ltd, which defrauded the public into making investments, has been named as Vietnamese national Vu Manh...