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...

Special Economic Zones See Dip in Foreign Investment

Special economic zones around Laos are currently seeing less interest by foreign investors than in previous years, as many try to come to an...

Authorities Warn Public of Organised Crime Involving ATM Fraud

Police officers are are in pursuit of two wanted criminals who are suspected to be using fake ATM cards to withdraw money from various...

Private Airline Lao Skyway Adds Airbus Helicopter to Its Fleet

Shepherd Media has announced that Lao Skyway has recently purchased a brand new H125 Helicopter from Airbus Helicopters for civil and parapublic missions, including domestic charter...

Sengdara Fitness Plans Major Makeover

One of Vientiane’s modern institutions is gearing up for a facelift, as the fitness craze takes hold of the developing capital. Established in 2003...

KB Kolao Leasing Enters Lao Local Leasing Market

Feb 13, Vientiane Capital - As a part of its regional expansion strategy, the KB Financial Group, a South Korean financial holding company, has...

Lao Telecom to Increase Investment for Improved Services and Market Growth

Lao Telecommunications Company (LTC) expects to see expansion of its network and telecommunications systems this year in an effort to improve services and gain...