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...

Thailand May Buy More Power From Laos

Thailand may buy an additional 9,000 megawatts of electricity from Laos this year to ensure sufficient supply to meet rising demand, said a senior...

Startup Weekend Vientiane 2016 Hailed A Success

The 4th Startup Weekend Vientiane was launched last Friday under the theme “Social Entrepreneurship” to promote entrepreneurship in Laos. The Startup Weekend was held at...

Muong Thanh Group Opens Five-Star Hotel in Laos

Vietnamese Muong Thanh Group on July 29 inaugurated the five-star Muong Thanh Luxury Vientiane Hotel in Laos’s capital of Vientiane, which is its first...

Thai Airways’ Lao Ticket Sales On the Rise

Thai Airways International Public Company Limited's ticket sales in Laos during the summer period (April – October) have been on the increase, rising by...

IFC Helps Lao Banks Strengthen Risk Governance

The International Finance Corporation (IFC), a member of the World Bank Group, is helping Lao commercial banks to strengthen risk governance, improve sustainability and...

Lao Business Leaders Call For Revision of Policies and Regulations

Business operators have called on the government to revise certain policies and regulations to better facilitate business operations and boost productivity. The call was made...