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...

Khammouane Approves 71 French Colonial Buildings as Historical Heritage Sites

Khammouane Province has designated 71 French colonial buildings and houses as historical heritage sites for educational purposes and tourism. Thakek District, located in Khammouane Province,...

The rise of conflicted consumerism: Cost-of-living prompts consumers to weight up price versus principles in buying decisions

69% of global shoppers place price as top consideration in their buying journeys ...

Medtronic Wins Top Recognition as Singapore’s Best Workplace and Best Employer

SINGAPORE - Media OutReach - 15 May 2023 - Medtronic has received the top accolades recognizing the best workplace culture and people practices:...

Design Spectrum of Hong Kong Design Centre Presents ‘The Full Gamut’ Exhibition Where Fashion Synergises with Cross-disciplinary Design, Inspires a Multifaceted Fashion Scene in...

New Installation Project Reimagines the Classic Lee Kung Man Signage in NeonHONG KONG SAR - Media OutReach - 15 May 2023 - The...

RUSAL approves the 2035 Sustainability Strategy

KRASNOYARSK, RUSSIA - Media OutReach - 15 May 2023 - The Board of RUSAL, a leading global aluminium producer, approved the 2035 Sustainable...