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...

The United Kingdom: 10th Largest Investor in Laos

While Laos' geographic neighbors China, Vietnam and Thailand dominate its top ten list of foreign investors, an unlikely contender claims the 10th spot, and it is not...

Lao Magazines Still Relevant, Despite Digital Onslaught

Almost a decade ago, Lao magazines were the hottest thing and a preferred medium for educated and savvy, urban professionals and public servants. Filled with intriguing content, titles like Mahason and...

Phongsavanh Group to Hold Share in Khonkaen Airlines

Khonkaen Airlines could become a reality if a three-way joint venture between Phongsavanh Group of Laos, Mekong Group from Singapore, and the Khon Kaen...

OnePay Kicks Cash to the Curb in Laos

Cash is king in Laos, but the crown might soon be toppled as OnePay sparks a revolution. Walking the streets of Laos with a pocket...

Laos-China Ties Flourish

With 70 percent of Beerlao’s exports going to China, it is evident that Laos and China have bolstered ties all across the board. In 2011,...

Nam Ou 3 Dam Eliminates River Cruises

On Monday, November 20, a river cruise option popular amongst tourists and locals on the Nam Ou River in Laos, was officially cancelled  as...