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...

Macau Casino Operator Completes Takeover of Laos Property

Hong Kong-listed casino operator Macau Legend Development Limited has announced that it has now assumed complete management and operational responsibilities for the Savan Vegas...

Kualao Prepared to Host Delegates for ASEAN Summit

Nestled on the corner of the capital city’s landmark That Dam Intersection, Kualao Restaurant is ready to serve the over 5,000 guests and delegates...

Krungsri Customers Pay Financial Products More Conveniently Through JDB Bank Channel

Customers of Krungsri's financial services in Laos will benefit from more convenience in making payments after connecting to the Joint Development Bank's banking channel. Krungsri...

Toyota and Daehan Dominate Laos Auto Market

Laos Auto Market in first half of 2016 hit record sales and production. The market is dominated by Toyota and Daehan while the most of...

BFL Receives UN Support For Female-run Businesses

Banque Franco Lao Ltd (BFL) has been awarded a grant by UNCDF's SHIFT Challenge Fund's Second Window for Women's Financial Inclusion, funded by the...

Ministry Amends Law On Single Window Service For Investors

The Ministry of Planning and Investment is amending the law on the single window service and its management in a bid to streamline the...