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 (Nov 8, 2016)

Trade Summary Lao Stock Market traded with minor volume of just 9,300 shares matched on Tuesday. However, the index was unchanged at 999.79 points as...

Thailand Encourages a Dangerous Addiction to Debt in Laos

Laos is back in the Thai baht debt markets again, with issuance from the Republic coming just two months after the country’s government-owned utility...

BCEL-KT: Trade Summary (Nov 7, 2016)

Trade Summary LSX was mixed on the first trading day of the week, the index growth 8.85 points to 999.79 points from the matching of...

Laos Set to Launch Fifth Bond Issue in Neighbouring Thailand

The Lao People's Democratic Republic will launch an offering of baht-denominated bonds in the Thai market this week to raise up to 11 billion...

BCEL-KT: Trade Summary (Nov 4, 2016)

Trade Summary LSX kept losing on Friday, down slightly by 0.67 points to close at 990.94 points with 54,300 shares traded. EDL-Gen closed unchanged at...

SilkAir and Sabre Join Forces to Help Laos Grow Its Tourism Market

SilkAir and Sabre Corporation are backing Laos in the expansion of its tourism industry by making the airline’s new flights to the emerging destination available...