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...

EDL Expands Electricity Lines to Power Consumption Increase

Electricité du Laos (EDL) continues to expand power availability and raise access rates for consumers in Laos with its installment of 115 kWh of...

J&C Services Moves to Better Service the Needs of Expatriates in Laos

Since its foundation in 2008, the expatriate community in the Lao PDR has increasingly depended on J&C Services for its suite of award-winning services...

New Study: Laos At Development Crossroads

A new study by the Economic Research Institute for Asean and East Asia has highlighted 2 serious challenges for the nation's industrial development while...

AirAsia Celebrates Asean Day With Low Fares Across Region

AirAsia is offering promotional fares to Asean destinations in conjunction with Asean Day on Monday. Asean Day celebrates the founding of the Association of...

Lao Airlines Becomes Full Member of IATA

Lao Airlines, the flag carrier of the Lao PDR, has joined as a full member of International Air Transport Association (IATA) that helps to...

Lao Holdings Revenue Growth Continues

The Lao Holdings State Enterprise (LHSE) expected that revenues from the next six months of operations are set to increase with the government's bottom...