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...

BCEL Opens E-Banking Network to Krungsri Customers

Banque pour le Commerce Exterieur Lao (BCEL) has signed an agreement with Krungsri Leasing Services granting use of its electronic banking services to customers...

Lao Dairy Farm Milking the Market in Vientiane Capital

Lao Dairy Farm has already become the leader of the fresh milk market in Laos, saying the quality of its Crysta brand milk is...

Chinese Machine-made Lao Skirts Affecting Traditional Sales

Chinese machine-made imitations of traditional Lao skirts and ornamental dress accessories are having an effect on the sales of handmade Lao products. A recent Vientiane...

Korean Firm DGB Financial Group Establishes Leasing Business in Laos

DGB Financial Group from the Republic of Korea has expanded its financial business into Laos, after the company performed well in its home country. The...

Lao Stock Report: Jan 23

Weekly Stock Report (Jan 23rd): Lao Securities Exchange Index was stable points for the first two days, and then continued dropping respectively in the...

Laos and Thailand Must Further Promote Investment

Prime Minister Thongloun Sisoulith has called upon the business sectors in Laos and Thailand to promote further investment and cooperation. The Prime Minister attended...