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...

Maybank Expands Women Eco-Weavers Programme to Laos

Maybank Group through its Corporate Responsibility arm, Maybank Foundation, has expanded its “Maybank Women Eco Weavers” programme to Laos making it the third country...

You’re Speaking with ACC – ASEAN Contact Center

By now, most people are used to the idea that when we ring a large company, the call could be answered by one of...

Lucky Winners Take Home Special Prizes thanks to The Pizza Company

A lucky draw was held at The Pizza Company, Vientiane Center branch yesterday, in celebration of the new year, attended by the media and...

Digital Classifieds Group Receives AUD $2.25 million Investment From Strategic Private Equity Firm

Australian-based Digital Classifieds Group (DCG), a rapidly growing online classifieds business with operations in Cambodia, Laos, Papua New Guinea and Fiji, recently received a...

Fuel Prices Rise Starting 16 January

The Ministry of Industry and Commerce (MOIC) has issued a notice to all fuel providers across the country of a price hike in fuel...

Big Blue Wins Billboard Contract for Visit Laos Year 2018

The Ministry of Information, Culture and Tourism (MOICT) has recently signed an agreement with Big Blue Advertising Agency awarding them the preferred rights to setup all billboards...