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...

Legal Action Against SP Financing Company Underway

Authorities have advised those who have previously purchased  vehicles from the  SP Sipathoumphone company to officially  declare their losses and file a case against...

Tax Collectors to Audit 200 Businesses to Boost Revenue

In an attempt to collect additional taxes before the end of the year, the Deputy Minister of Finance has announced that finance authorities are...

China Southern Airlines Offers Vientiane-Guangzhou Flight

As of September 27, China Southern Airlines is offering Vientiane passengers a direct flight to and from Guangzhou three times a week. The world’s fourth...

Hundreds Storm PS Lao Enterprise’s Offices

On Tuesday, September 12th, two senior executives of PS Lao Enterprise were taken into police custody following a heated dispute between the company’s co-presidents,...

Seven Shades of Indigo: The Laha Story

In spiritual terms, indigo is the colour of intuition and perception. In fashion terms, it’s synonymous with denim – deep of hue and naturally...

Coffee, bagels and a loving push (the true Joma story)

Words: Francis Savanhkham Photos: Phoonsab Thevongsa Way back in 1994, a Canadian living in Vientiane opened a bakery. Much and More, as it was then called,...