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...

Gift Basket Sales Drop This Year

Many retailers in Vientiane have seen a decline in sales of gift baskets during the year-end shopping season. Gift baskets are top selling items among...

Laos Gets $850,000 Containerized Data Center

Laos' first state-run data center opened recently, funded by a Japanese program supporting environmentally sound technology. The facility marks "a big step" toward improving the...

Fewer Businesses Opening in Laos

The number of entrepreneurs opening businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the...

BCEL-KT: Trade Summary (Dec 26, 2016)

Trade summary Lao stock market edged higher on Monday, as BCEL got good start before preparing for long holiday to increase by 450 kip finished...

Indochina Bank Sees Customer Increase

The number of VIP customers holding accounts at the Indochina Bank has seen a rapid increase this year. A bank executive revealed the figure...

First Modeling Lao’s Varissara Tangsouvanh Wins First International Award

Representing the nation of Laos in Shanghai last week at the Miss Tourism Queen of the Year International 2016 Contest, Varissara “May” Tangsouvanh put...