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...

Laos Records Trade Deficit of USD 17 Million in April

The country's trade deficit for April clocked in at USD 17 million, which was the lowest figure since January. The overall value of trade in...

Construction Begins in Laos on Largest Wind Power Plant in South East Asia

Construction work has begun on a major wind power plant project in Laos following the signing of a loan agreement of close to USD...

Phillip Bank Forms Strategic Partnership with Cambodian Developer Sarita Waterside to Boost Foreign Real Estate Investments

SINGAPORE - Media OutReach - 10 May 2023 - Phillip Bank, the only Singaporean owned Commercial Bank operating in Cambodia, and its associate...

Tishman Speyer and Raffles Family Office Announce Blue Chip Collaboration to Launch APAC Real Estate Fund

SINGAPORE - Media OutReach - 10 May 2023 - Tishman Speyer, a leading global developer, owner, operator, and investment manager of premier real...

SkyFest 2023: Cambodia’s First International Kite Festival Attracts Over 10 Thousand at Bay of Lights, Sihanoukville

SIHANOUKVILLE, CAMBODIA - Media OutReach - 8 May 2023 - Over the first weekend of May, more than 10 thousand people gathered at...

Avnet Showcases Trailblazing Technology Solutions for Electric Vehicles at Future Mobility Asia 2023

BANGKOK, THAILAND - Media OutReach - 10 May 2023 - Leading global technology distributor and solutions provider Avnet Asia will take part in...