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...

The Largest International Student Design Competition Goes Global With 21 Design Association on Board

Total Prize Money of US$120,000 and Free Entry for AllTAIPEI, TAIWAN - Media OutReach - 21 April 2023 - Established in 2008, the...

China Dongxiang Announces Operational Results for Q4 and Twelve Months of FY2022/23

Overall Retail Performance and Same-store-sales, Recovered Steadily in Q4 Both Recorded Mid-to-low Teens GrowthHONG KONG SAR - Media OutReach - 21 April 2023...

Siem Reap International Airport to Start Test Flights by Mid-May

The steering committee for the construction of Siem Reap Angkor International Airport held a meeting on 20 April to confirm that flight trials will...

WelPet Biotech Debuts at the World Veterinary Association Congress as Taiwan’s Only SQF-Certified Pet Health Food Factory

TAIPEI, TAIWAN - Media OutReach - 21 April 2023 - The quality of pet health foods available on the market varies, and consumers...

Laos Records 40.8 Percent Inflation Rate in First Quarter of 2023

Inflation in Laos has been rising steadily, with an average rate of 40.8 percent reported in the first quarter of 2023. According to Lao Youth...