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...

Appier exceeds first quarter projection, reports robust earnings growth

Increasing business momentum lays a solid foundation for second quarter onwards Highlights and achievements of Q1 FY23 ...

Protect Children’s Vision: Join the Movement for Universal Eye Screening

Launch of board book will enable parents and teachers to detect vision problems in children SINGAPORE - Media OutReach...

Big C Hypermarket to Open in Laos Next Year

Big C, a Bangkok-based grocery and general merchandising retailer, has commenced construction of its first hypermarket in Laos, with plans to open its doors...

Honoring Excellence: Hang Lung Properties Celebrates Elevating Customer Experience with the 2023 Emerald Award

HONG KONG SAR - Media OutReach - 15 May 2023 - Hang Lung Properties (SEHK stock code: 00101) ("Hang Lung" or "the Company")...

Laos Records Trade Surplus of USD 1.39 Billion in 2022

Laos recorded a trade surplus of USD 1.39 billion in 2022, boosted by the country's electricity exports, according to the Ministry of Industry and...