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...

Asia’s Largest Independent Communications Network Looking to Expand in 2018

Siem Reap (Cambodia) - The GO Group, Asia’s largest independent public relations, marketing and strategic communications network held a leadership summit for its associates from...

Officials say Visit Laos-China Year 2019 Likely to Happen

With Visit Laos Year 2018 officially launched, talks of possibly introducing a Visit Laos-China Year 2019 have arose. A minister has confirmed that Lao officials have...

Laos Eliminates Minimum Registered Capital Requirement for Foreign Investment

Last week, the Ministry of Industry and Commerce issued a notification, No.2633/cabinet/MOIC to all Industry and Commerce offices in Vientiane Municipality, provinces and districts...

Analysts Concerned with Laos’ Rising Debt

For the first time in twenty years, analysts have drawn their concerns back to potentially unsustainable debt that has been accruing in the region....

Thai Firm to Run Bokeo Mekong River Port

In an effort to manage regional traffic the upcoming year, Laos has put forth a plan to launch a new port checkpoint located in...

Foxpress Service Delivers 2017 Road Tax Stickers to Your Door

Thanks to a local delivery company named Foxpress, obtaining 2017’s road tax stickers has just gotten easier. For a small fee of only 15,000...