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...

Laokham Executive Detained for Defrauding Investors

Economic police in Vientiane Capital are holding the founder of Laokham Consultant International Investment Company in custody after members of the public accused the...

Tilleke & Gibbins Publishes 2018 Doing Business in Laos Guide

The Laos chapter of Global Guide 2018: Doing Business In..., a guide published by Practical Law in association with Lex Mundi, presents a comprehensive Q&A-style...

ANZ Bank to Close Retail Services in Laos

ANZ has announced the closure of all retail products and services in Laos following the sale of its retail and wealth businesses across the...

Chinese Investors Urge Lao Government to Improve Visa Procedures

Chinese investors have urged the Lao government to improve visa issuance procedures, saying that the current system is unsuitable and sluggish. The concerns were raised when...

Laos Golden Triangle Casino Hit with US Sanctions

The US Treasury officially placed the Kings Romans Casino based in Laos on its organised crime sanctions blacklist on Tuesday, naming it a hub...

RHB Bank Lao Opens 3rd Branch in Dongdok

RHB Bank Lao has opened a third branch in Dongdok on the 26th of January, 2018. The official ceremony was attended by Country Head Danny Ling,...