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...

Huawei Technologies Launches GR5 2017 in Laos

VIENTIANE - Annita, brand ambassador of Huawei Technologies (Laos), sings at the launch event of Huawei GR5 2017, in Vientiane, capital of Laos, Dec....

BCEL-KT: Trade Summary (Dec 19, 2016)

Trade Summary EDL-Gen opened decline 100 kip to 5,000 kip, then rebounded to close at the unchanged price at 5,100 kip, by the way there...

No More Roaming Fees for Unitel Subscribers

Mobile phone users in Cambodia, Laos and Vietnam – the so-called CLV countries – will not have to pay roaming charges if they make...

Construction of Petroleum Refinery to Resume This Month

A petroleum refinery project located in the energy and chemical precinct of Saysettha Development Zone, Vientiane is expected to resume this month after construction...

Auto Lao Receives Mercedes Benz Star Award

Known as the first company to import the Mercedes-Benz brand name from Germany to sell in Laos in 1957, Auto Lao was honoured to...

KOWEPO-LAO Launches in Laos

Known as one of the top power generating companies in the Republic of Korea, KOWEPO-LAO International Company Limited will continue to provide its best...