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...

Turnbull Meets With Baristas and Students At Naked Espresso in Laos

There was a spring in Malcolm Turnbull’s step as he held talks with baristas and students rather than the world leaders he has been...

Top Leaders Discuss How Businesses Can Succeed in ASEAN Developing Economies at Channel NewsAsia Forums

Vientiane, Laos, 8 September 2016 – Regional broadcaster, Channel NewsAsia, brought together business leaders and the government sector for two forums held during the...

Premier Li Keqiang Visits Local Store In Laos

Premier Li Keqiang came back to Beijing from Laos on Sept 9 after having attended leaders’ meetings on East Asia cooperation and making an...

Asean Business Awards 2016 Promote Enterprise Strength

The Asean Business Awards (ABA) 2016 were unveiled on Monday in conjunction with the Asean Summits at a reception in Vientiane, attended by Lao...

Lotteria Opens First Laos Outlet

Lotteria will open its first outlet in Laos on Sept. 9, it announced on Sept. 4. This is the first time the South Korean...

Comba Telecom Shares Rise On Tie-up With Laotian Government

HONG KONG -- Shares of Comba Telecom Systems Holdings rose Friday on the Hong Kong bourse, hitting 1.38 Hong Kong dollars, up 1.85% from...