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...

Korea Eyes Laos and Cambodia for E-commerce Opportunities

A Capacity Building Workshop for expanding business opportunities in e-commerce has been organized by the ASEAN-Korea Center in Vientiane for Wednesday, July 5, 2017. Organized...

Lao Airlines Searches for Overseas Shareholders

Government officials have announced that they are in the process of pursuing a strategic partner for the state-owned enterprise, Lao Airlines, in an effort...

Coffee Giant Dao-Heuang Owes 27 Billion kip to Lao Farmers

After falling several months behind in payments for raw beans, one of the largest firms in Laos, Dao-Heuang Group, has racked up  an estimated...

Frustrated Road Users Insist Government Take Over Tolls

Frequent commuters and traders on Road 16 in Champassak province, are voicing their discontentment on the high toll fares collected on the road that...

POS Launch Party at Naked Espresso Khamkhong

Owner of popular Naked Espresso cafe franchise, Mr Ariya Khamvongsa, emphasized the importance of cooperation and camaraderie among cafe and restaurant owners, at a...

Riding the Globalization Wave

Driving through the capital city of Vientiane, its apparent that in the past five years, the country has stepped up its globalization game. With...