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...

Banks in Laos See Asset Growth Value

The value of assets in the banking sector in Laos could possibly still continue to grow this year, as foreign banks move to open...

Banpu Power Targets Bt13.6 Billion From Upcoming IPO

BANPU POWER has targeted raising up to Bt13.6 billion from its initial public offering (IPO) later this month. The company, whose shares will be...

Japanese Companies Get Big Break in Laos

TOKYO -- Laos' patent authority has decided to recognize patents on technologies that have been granted in Japan. The decision will allow Japanese companies...

InfoSat-Laos DTH Platform on Thaicom

Thaicom – one of Asia’s leading satellite operators – has signed a contract with InfoSat-Laos, DTH) satellite TV operator in Laos- for the launch...

Crowne Plaza Welcomes Booking.com Guests

Situated in Vientiane, Crowne Plaza Vientiane features a fitness centre and massage services. Boasting a business centre, the hotel also provides guests with a...

Andritz Hydro to Supply Nam Theun 1

Andritz Hydro is to supply electromechanical equipment for the Nam Theun 1 hydropower project in Lao PDR in a contract awarded by Phonesack Group...