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, Malaysia Boost Trade And Investment Cooperation

Laos and Malaysia will boost cooperation in trade and investment to strengthen their existing bilateral relations. The collaboration was confirmed during a bilateral meeting between...

Luang Namtha Eyes Economic Growth of Not Less 9.5 Percent

Luang Namtha province aims to grow its economy by not less than 9.5 percent a year, with revenue equating to about 12 million kip per...

Saravan’s Total Trade Value Grows By 17.76

The value of trade in Saravan province climbed to more than 1.5 trillion kip over the first nine months of this fiscal year, up...

Quality Checks On Imported Fuel Begin At Friendship Bridge

The Ministry of Science and Technology has begun checks on the quality of imported fuel at the Laos-Thai Friendship Bridge in Vientiane. A ceremony to...

Asean Economic Officials Agree to Report Laos’ Priority Deliverables

Senior economic officials from the 10 ASEAN member states and delegates have agreed on the eight priority deliverables for the ASEAN Economic Community that...

Locusts Damage 776 Hectares of Crops in Huaphan

Crops growing on 776 hectares in Huaphan province have been damaged by locusts, causing huge financial losses, local media reported on Friday. The locust invasions...