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...

Laos, China Want Better Synergy In Development

Laos and China are aiming to achieve better synergy in development with the relevant sectors from both countries to work together to merge Laos'...

Handicraft Association Looking To Expand Line of Pottery Products

The Lao Handicraft Association is planning to support new Lao pottery products being made in Vientiane this year which it hopes will attract both...

PM Proposes Seven Point Agenda to Pursue ASEAN Economic Goals

Prime Minister Thongloun Sisoulith has raised a seven-point agenda calling for ASEAN economic ministers to place discussion focus on pursuing the 2025 ASEAN economic...

Vientiane Inks Feasibility Study For Biogas Project

The Vientiane Office of Management and Service and Luangpaseuth Construction Co., Ltd. are teaming up to launch a feasibility study for a biogas project...

AEM 48 Opened

The 48th ASEAN Economic Ministers' Meeting (AEM 48)  was opened this morning by Prime Minister Thongloun Sisoulith in the presence of ASEAN Secretary General...

CLMV Nations to Partner In Tourism, Banking

Cambodia, Laos, Myanmar and Vietnam (CLMV) have reaffirmed their commitment to strengthen their cooperation in promoting their countries as a single tourism destination. The countries'...