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 Mining Sector Attracts Over USD 2.4 Billion in 2024 Investments

Laos' mining industry attracted nearly USD 2.5 billion in investments in 2024, surpassing annual targets and showcasing the sector’s critical role in driving economic...

Lao Brewery Company Emerges as Laos’ Top Taxpayer in 2024

The Lao Brewery Company Ltd. (LBC) cemented its position as Laos’ largest taxpayer in 2024, contributing over LAK 5.1 trillion (USD 240 million) in...

Xam Tai District’s Silk Tapestries Set to Achieve ODOP Status

Traditional silk tapestries from Xam Tai district in Houaphanh Province will soon be recognized as official One District One Product (ODOP), aiming to preserve...

Xayaboury Produces 1.56 Million Tons of Cassava in 2024, Boosts Exports to Thailand

In 2024, farmers in four southern districts of Xayaboury Province cultivated nearly 54,000 hectares of cassava, producing approximately 1.56 million tons. With Thailand as...

Laos, China Launch QR Payment System for Cashless Tourism

Traveling between Laos and China is now easier with a QR payment system that enables tourists to make cashless transactions. Chinese visitors can already...

Seno Grilled Chicken Earns Official Recognition as Savannakhet’s New Symbol

On 12 December, Seno Grilled Chicken was officially recognized by Savannakhet authorities, becoming a new symbol of the central Lao province. It all started in...