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...

Govt Mulls to Solve Business Issues for Development

Business operations in Laos remain challenging because of widespread failure to understand and comply with complex laws as well as lax oversight on the...

Follow Party Policy, VP Advises Business Operators

Business operators should understand Party policies and direction in depth and conduct their operations honestly to enable strong growth in the government and business sectors,...

Phongsaly Brewing Up Coffee Opportunities

Phongsaly, long renowned for its green tea, is set to be the nation's first coffee producer in the north after around 3,000 hectares of...

Laos, Singapore Vow to Enhance Cooperation

Laos and Singapore are pledging to work together to promote trade and investment between the two countries after their trade volume climbed to US$72.5...

SilkAir to Codeshare With Lao Airlines

SilkAir, the regional wing of Singapore Airlines, has signed a codeshare agreement with Lao Airlines for its flights to Vientiane and Luang Prabang, providing...

Canada Opens Diplomatic Office in Vientiane Capital

Canada has opened a diplomatic office in Vientiane in an effort to boost economic and political ties with Laos. Canada's Minister of Foreign Affairs Stéphane...