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...

ANZ Appoints CEO for Laos

Australian bank ANZ has announced the appointment of a new CEO Laos. The bank focuses on Trade Facilitation, Global Markets and offers Priority services to...

Pick-ups Increase share of Lao Vehicle Market

The market for pickup trucks in Laos is growing in line with people's lifestyles and their links to agriculture, according to an auto company...

Aussie Helps Laos Hill Tribes Grow Coffee

A former Australian teacher managing a coffee company and cafe in central Laos sees the scheme as key to alleviating poverty among hill tribes. Derek...