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...

LianBio Announces Marketing Approval of CAMZYOS® (mavacamten) in the Macau Special Administrative Region (SAR) of China

SHANGHAI, CHINA, and PRINCETON, N. J., USA - Media OutReach - 12 May 2023 - LianBio (Nasdaq: LIAN), a biotechnology company dedicated to...

EuroCham Laos Launch Program to Promote Gender Equality in Field of Business

On Wednesday, the European Union and ECCIL EuroCham launched a joint program to contribute to gender equality and women empowerment in business and the...

Gunung Raja Paksi Initiates Sustainable Value Chain Ecosystem for Indonesia’s Steel Industry

Ramping up on their decarbonisation efforts, the steel manufacturer seeks to enhance the competitiveness of Indonesia’s steel industry on the global stage. JAKARTA,...

Fosun Participates in the 3rd BEYOND Expo to Deepen Biotechnology Innovation and Global Development

HONG KONG SAR - Media OutReach - 12 May 2023 - On 10 May, themed on "Technology Redefined", the 3rd BEYOND International Science...

USDToch Unveils On-Chain Lending Ecosystem for DeFi 2.0

NEW YORK, US - Media OutReach - 12 May 2023 - USDToch provides a lending solution for DeFi 2.0. Building on the existing...