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 16, 2016)

Trade Summary LSX lost 2.00 points or 0.19 percent, at 1,029.74 points as BCEL decreased 150 kip in price. BCEL today closed at 5,050 kip...

BCEL-KT: Trade Summary (Dec 15, 2016)

Trade Summary LSX moved up 27.20 points on Thursday to finish higher at 1,031.74 points. The trading volume, however, did not seem to have any...

Laos Utilises Cooperatives to Support Agricultural Growth

Laos need to create the national committee for development of cooperation aiming to support and helping the agriculture sector in its expansion efforts. For several...

BCEL-KT: Trade Summary (Dec 14, 2016)

Trade Summary LSX index hovered over 1,004.54 points with 23,400 shares traded, translating to about 116,990,000 kip contributed mainly by foreign investors and securities. EDL-Gen...

Pak Beng Project Awaits MRC Review, Comments

The company preparing to build the Pak Beng hydropower project is standing ready to respond to comments from Mekong River Commission countries and development...

Lao Freight Forwarders Suffering from Competition

Transport service providers and freight forwarders in Laos are suffering from increased competition with the number of companies operating in the sector having increased. Despite...