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...

Fuel Prices Rise…Yet Again

The Ministry of Industry and Commerce has announced that fuel prices have increased across the country as of yesterday (December 15) in line with...

SIBS Magical Christmas 2016 Showcases Students’ Talents

Sengdara International Bilingual School (SIBS) staged its "SIBS Magical Christmas 2016" last Friday at the school to promote the ability of its talented students. The...

Ministry of Post and Telecommunications and Microsoft Hosts Government Solution Day

  VIENTIANE, LAOS – Ministry of Post and Telecommunications (MPT) in collaboration with Microsoft hosting Government Solution day event under the theme Empowering Government. The...

PM Thongloun Visits Huawei in Beijing, Discusses Partnership for ICT Development

VIENTIANE - The Prime Minister and the company’s representatives held in-depth discussions on how Huawei can expand its partnership with Laos in the Information...

Valmet to Supply Key Technology for Sun Paper’s New Dissolving Pulp Mill in Laos

Valmet will deliver key technology for a new green field dissolving pulp mill to Sun Paper's new investment in Laos. The mill site, Muang...

Viettel (Unitel in Laos) Pioneers Free Roaming in Cambodia, Laos, Vietnam

Vietnam's giant telecom levels call and data charges between three ASEAN neighbors. HO CHI MINH CITY -- Vietnam's state-owned telecom Viettel will eliminate overseas roaming...