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...

SilkAir Starts Two New Routes to Laos

SilkAir has added Laos to its regional route network with the launch on 31 October of a thrice-weekly (Mondays, Thursdays and Saturdays) service from...

Akaryn to Expand With Three New Hotels in Thailand and Laos

The Akaryn Hotel Group has announced plans to launch three new hotels in Thailand and Laos. The new properties include the Akyra Beach Club Phuket;...

That Luang Marsh Developer to Build Theme Park

A Chinese developer plans to invest US$80 million to construct a water theme park next year at the That Luang Marsh Specific Economic Zone...

Agents Can Book SilkAir Lao Flights

Sabre Corporation and SilkAir, the regional wing of Singapore Airlines, have announced new flights between Singapore, Vientiane and Luang Prabang are now available for...

Singapore’s DBS Pounces on ANZ Assets to Extend Asia Private Banking Push

DBS Group (DBSM.SI) plans to buy Australia and New Zealand Banking Group's (ANZ.AX) wealth and retail businesses in five Asian markets - part of...

BCEL-KT: Trade Summary (Nov 1, 2016)

Trade Summary On Tuesday, LSX reached 1,006.44 points, as BCEL closed higher at 5,700 kip. The market posted 19,600 traded shares today, worth about 96...