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...

Star Telecom Wins Bid to Develop Population Management for Laos

On June 9th, the Ministry of Home Affairs signed a contract allowing Star Telecom (widely known as Unitel) to move forward in developing the Population...

Private Businesses Struggle to Find Financing

Business banking in Laos has taken a severe hit in the past few years as government officials have started limiting funds that have been...

ITECC Mall Hosts Top Thai Brands 2017 Trade Fair June 7-11

For the first time in Laos, ITECC Mall will host the Top Thai Brands 2017 trade fair, with over 300 booths stocked and displayed...

Popular Lao Enterprise Still Involved in Illicit Activity With Public Funds

PS Lao Enterprise, a company that produces food items such as meat, fish, rice, drinking water and imports various grocery and consumer products in...

Linfox Expands Operations into Laos

Lao Logistics Group has officially signed a Joint Venture agreement with Linfox, a Melbourne-based transport company, making it the first foreign logistics company to...

Café Amazon PTT Franchise Seeks to Dominate Lao Market

By now, PTT and Café Amazon have become a recognizable brand to the people of Laos. With already 25 Café Amazon outlets operated by...