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...

Govt Acquires Beeline for 22 Million USD

In a USD $22 million deal purchased from a Russian investor last week, the government has acquired full ownership  of the telecom operator VimpelCom Lao...

Lao Government Buys Beeline

VimpelCom Lao Co., trading as Beeline, has officially entered an agreement to sell its 78% stake to the Government of Laos for gross proceeds of USD...

First Holiday Inn to Enter Laos 2019

With construction slated to be completed by 2019, the first Holiday Inn will be opening up its doors in Laos for the very first...

Entertainment Venues Ordered to Stay 500-Meters Clear of Schools

Entertainment venues will soon be prohibited from conducting business within 500 meters of schools and educational institutions. With the National University of Laos (NUoL)...

Daiso Japan Enters Lao Market

Everyone’s favorite budget-friendly chain has just made landfall in Laos, opening its doors for the very first time to the Lao public at the...

Laos Prints Largest and Longest Sovereign Bond Issue

Laos has successfully completed its largest and lengthiest bond issue, with a 14 billion baht ($419 million) six-tranche offering in the Thai debt capital...