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...

Indonesia Eyes Further Cooperation with Laos

Hydropower, tourism, potassium, and medical treatment are among the sectors Indonesia has its eye on for prospective cooperation with Laos, based on the Lao...

Thousands of Cubic Metres Veneer Legitimate for Export

More than 12,456 cubic metres of veneer exports have been permitted despite the government prohibiting the export of all types of unfinished wooden products. The...

Seno Grilled Chicken Area Plans to Become Rest Stop for Region

The Seno area of Savannakhet province, known for its famous grilled chicken or pingkai Seno (Seno grilled chicken), has plans to be moved as...

Laos Casino Savan Vegas Gets $400m Counter-offer From Europe-Asia Consortium

A Europe-Asia consortium has made a cash counter-offer of $400 million for the assets and 50-year gaming concession of Savan Vegas Casino & Hotel...

Ministry Reduces Fuel Prices

Petrol stations across the country lowered the retail prices of petrol and diesel yesterday after the Ministry of Industry and Commerce issued an announcement...

Economist: Kip Strong, Not Overvalued

Even though the Lao kip is strong the currency is not overvalued, according to a leading local economist. Senior Economist of the National Economic Research...