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...

Krungsri Fosters Lao-Thai Business Network Via Business Matching

Krungsri (Bank of Ayudhya PCL) is providing full support for Thai SMEs to expand their businesses in Laos through the Krungsri Business Journey: Opportunities...

LAOSAT Reviews Progress for First Half of 2016

The Lao Asia-Pacific Satellite Co., Ltd. (LAOSAT) is urging Lao businesses that currently rent services from foreign-owned satellites to use the Lao satellite instead. This...

Laos, Vietnam Exchange Ideas on Female Progress

The Lao Women's Union and Vietnamese Women's Union met in Vientiane recently to promote women's development and to upgrade the lives of those lacking...

65 Companies Awarded Lao Business Awards 2016

Sixty-five small and large domestic and foreign companies operating business in the Lao PDR have been awarded 40 Years Excellence Awards and ASEAN Business...

Stronger Public-Private Collaboration Needed

It is necessary for the public and business community to enhance their collaboration to reform and change production structure and improve production management to ensure...

Luang Prabang focuses on Boosting cultural Tourism

The Luang Prabang tourism sector has been focusing on boosting cultural tourism and sustainable development to ensure socio-economic development in the province, according to a...