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...

Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2023 Q1)

HONG KONG SAR - Media OutReach - 21 April 2023 - Today, IX Asia Indexes Company Limited ("IX Asia Indexes") announced the 2023...

Recent GEODIS investments and new certification underlines its growth in the Chinese market

Certification of regional headquarters in Shanghai coincides with redevelopment of GEODIS’ Center of Excellence in Shenzhen and an award for performance at Zhengzhou Airport.SHANGHAI,...

RUSAL confirms its leadership status in the world sustainable suppliers rating EcoVadis

MOSCOW, RUSSIA - Media OutReach - 21 April 2023 - RUSAL, a leading global aluminium producer, confirmed its high positions in EcoVadis,...

OctaFX is named the broker with the fastest withdrawals and most secure trading platform in Singapore

International Business Magazine and World Business Outlook awarded OctaFX with two industry awards, ‘Broker with the Fastest Withdrawal Singapore 2023’ and ‘Most Secure Trading...

CPA Australia: Mainland China small businesses predicted to recover steadily

New survey shows over half of small businesses expect to grow this year. ...