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-KT: Trade Summary (Dec 23, 2016)

Trade summary Lao stock market sew lower on the final trading day of the week, after banking stock hitting 5,500 kip on mid morning, then...

BCEL-KT: Trade Summary (Dec 22, 2016)

Trade summary Lao stock market mixed on Thursday, as energy stock jumped by 50 kip to close at 5,000 kip, posting trading volume of 19,000...

Conference Boosts Big Data Use

The use of core information technology, which provides results in terms of innovation, is being discussed by experts in these fields who are meeting...

Lao News Agency to Stop Print Edition of English Paper

The Lao News Agency has announced that the last issue of its English language newspaper will roll off the presses on December 31, ending...

Santiphab Sangkasi to Expand Steel Production for Growing Domestic Market

Santiphab Sangkasi Lao Co., Ltd, a leading producer and distributor of galvanized iron sheeting, plans to build a new factory to ensure the future...

Trucks Being Charged more at Napao-Chalo Border

Some goods trucks are avoiding using the Napao-Chalo international border between Laos and Vietnam in Khammuan province as the trucks are being levied higher...