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...

Asia Peak Aims High in Nong Khai

Asia Peak, a mega-development tourism complex is in the plans for Nong Khai. Asia Peak will be a huge wholesale, retail, and entertainment center...

Attapeu International Airport Shuts Down

After flights between Vientiane-Attapeu ceased since October 2016, the Attapeu airport has been temporarily shut down. Passenger numbers were continually low, and flights were infrequent,...

PUM Netherlands Senior Experts Ready to Assist Businesses in Laos

Does your business have an issue that you just cannot resolve? Or do you think your business can achieve more? Do you ever wonder how...

BCEL-KT: Trade Summary (Jan 4, 2017)

Trade Summary LSX was up 54.58 points or 5.21 percent on the second trading day of 2017 as EDL-Gen rose by 300 kip to 5,500...

BCEL-KT: Trade Summary (Jan 5, 2017)

Trade Summary LSX kept its upward movement, adding 40.71 points to the market index to finish at 1,142.56 points, while BCEL touched the ceiling price...

New Mobile Banking App for Joint Development Bank

Joint Development Bank (JDB) has announced plans to offer a mobile banking app this year. The mobile banking app will provide customers with a...