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...

Lao Small Businesspeople Invest In Foreign Countries

While still small in number, the number of Lao businesses investing in other countries of Asean is increasing. Meanwhile, many more businesses from Asean nations...

SilkAir Adds New Connections From Singapore to Laos

SINGAPORE Airlines subsidiary SilkAir will be launching thrice-weekly flights from Singapore to Laos come October 31. It will operate a circular route between Singapore, Vientiane...

World Bank – Scaling Up Rural Sanitation in Lao PDR: Latrines Makes Good Business

A scaling up rural sanitation program in Champasak and Sekong provinces was the first government-led Community-Led Total Sanitation (CLTS) and sanitation marketing pilot in...

Macau Legend Signs Definitive Sale Documents With Lao Government for Savan Vegas

Macau Legend Development Limited (Macau Legend) today has signed the definitive sale documents, including the Project Development Agreement ("PDA"), the Asset Purchase Agreement ("APA"),...

RHB Lao Junior Football Cup Kicked Off to Develop Youth’s Football Skills

The RHB Banking Group has organised the football competition - the RHB Lao Junior Football Cup – as an inaugural football tournament to empower...

Government Enforcing Revenue Collection Measures

The Ministry of Finance is committed to carrying out stronger measures to increase revenue collection for the rest of the fiscal year to offset...