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...

Prudential expands distribution network with official launch of Prudential Financial Advisers

Industry veteran Bernard Chai is CEO of new financial advisory firm which offers life insurance, general insurance and wealth management solutions ...

Arrow Electronics Showcases EV and AIoT Tech Solutions for Advancing eMobility and Smart City Transformation in Vietnamese Market

HANOI, VIETNAM - Media OutReach - 20 April 2023 - Global technology-solutions provider Arrow Electronics today hosted an EvTech and AIoT of the...

Hyperchain Technology Debuts at InnoEX, Starting Its Blockchain Expansion Tour Overseas

HANGZHOU, CHINA - Media OutReach - 20 April 2023 - From April 12 to 15, InnoEX was held at the Hong Kong Convention...

Julius Baer Launches Asia’s First Family Wealth Planning Certificate Programme for its clients

The Bank aims to equip its clients and their Next Generation with the necessary skills to navigate cross-generational transitions and preserve their family legacy,...

MaivenPoint Announces Leadership Team to Drive Business Growth and Launches New Training Management System for the Singapore Market

• MaivenPoint appoints new leadership team to accelerate its mission to enhance lifelong learning through technology. New training management system, Vitae, launched to automate...

OxPay and CIMB Bank to Collaborate to Enhance Digital Payment Solutions

OxPay is expected to benefit from lower processing cost through CIMB Bank’s collaboration with Visa and Mastercard ...