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 21, 2016)

Trade summary Lao stock index went down 2.38% or 24.54 points to 1,050.20 points on Wednesday, after closing unchanged for 2-day. As EDL-Gen decreased by...

Cooperation Project to Update Lao Land Management

Land management across the country will become faster and more transparent after the Lao Land Management System and Modernisation Project Cooperation between Laos and...

Phu Bia Mining Celebrates Long-Serving Employees

Phu Bia Mining (PBM) has announced that 52 of its employees have achieved a Long Service Award for 10 years continuous service to the...

Rombouts Secures UK Listing For New Single-Origin Coffee Range From Laos and Cuba

Coffee roaster Rombouts has secured a listing in the UK with the Co-operative for its brand new single-origin ground coffee. The range is sourced from Laos...

Printing Association Plans Upgrade of Operations

The Lao Printing Association plans to use modern technology to develop its printing and publishing services in line with public demand. Members of the association...

BCEL-KT: Trade Summary (Dec 20, 2016)

Trade summary LSX index remained stable at 1,029.74 points for a second day. Even though BCEL had a minor gain of 50 kip to...