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...

Daohueang Market Reopens For Business

Daoheuang Market in Pakxe district, Champassak province, has reopened after it was damge by fire three months ago, the Socio-Economic Daily reported yesterday. Around 400...

Vientiane’s First Organic Store

Consumers concerned about their health won’t have to travel far to buy organic products with the opening of the new Organic Home shop in...

Vice President Lauds EU Support For Lao Development

Vice President Phankham Viphavanh has highly valued the substantial contribution made by the European Union (EU) to boost development and assist poverty reduction efforts...

Trade Declines, Investment Rises With Plus Three Countries

The value of ASEAN trade with the plus three countries;China, Japan and South Korea, decreased last year while Foreign Direct Investment (FDI) increased from...

Govt Announces a Halt On Fuel Tariff Exemptions

The government made an official announcement in Vientiane on Thursday to completely halt fuel tariff exemptions in a move to close loopholes in illegal...

Borikhamxay Ceases Wood Processing Plants

Borikhamxay provincial authorities have cancelled the business operations of 13 wood processing plants after finding that they had permanently ceased their processing operations for...