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...

Thai Kasikornbank Eyes Regional Expansion; Plans 2nd Branch in Laos

Thailand's Kasikornbank Pcl said on Tuesday it plans to open a second branch in Laos and upgrade the status of its local bank in...

China Is Transforming Southeast Asia Faster Than Ever

China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports. That’s driving...

Japan Tech Firms Start Lao PDR Data Center Project

Toyota Tsusho, Internet Initiative Japan, and Mitsubishi UFJ Morgan Stanley Securities announced the start of a joint demonstration project in the Lao PDR. The firms...

Indochina Aviation Centre Introducing Bizav to Mekong Region

First-time MEBAA exhibitor Indochina Aviation Centre (Stand 936) is here to introduce potential customers to travel opportunities in the Mekong region and to meet...

BCEL-KT: Trade Summary (Dec 8, 2016)

Trade Summary Lao Securities Exchange trade mixed on Thursday. The index ended lower by 1.4 percent or 14.43 points to 1,014.05 points, weighed sharply by...

LG CNS Sells Electronic Tax System to Lao Government

LG CNS, the IT solutions arm of LG Group and one of the Korea’s leading IT service providers in the e-Government sector, is accelerating...