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...

French Ambassador Visits Holiday Inn Vientiane to Explore Schneider Electric’s Energy Solutions

French Ambassador to Laos, Siv Leng Chhuor, visited the Holiday Inn & Suites Vientiane, an InterContinental Hotels Group (IHG) property, on 28 November to...

Laos Earns Over 200 ASEAN Tourism Awards, Global Acclaim

Laos continues to shine on the global tourism stage, earning 219 ASEAN Tourism Standards Awards for its dedication to sustainability and exceptional travel experiences.  On...

Thai Court Issues Warrant for Healthcare Mogul Over Fraud Linked to Laos, Vietnam

Thailand’s Criminal Court issued arrest warrants on 22 November for Boon Vanasin, a Thai national founder of Thonburi Hospital and chairman of Thonburi Healthcare...

ASEAN Defense Ministers Unite in Laos for Peace and Security Talks

The 18th ASEAN Defense Ministers’ Meeting (ADMM) and the 11th ADMM-Plus successfully concluded in Vientiane, Laos, from 19 to 22 November. Held under the...

Lao Coffee: A Journey Through Flavor, Heritage

In Laos' Bolaven Plateau, Champasack Province, the air is often filled with the scent of freshly roasted coffee beans.  There, each cup of coffee reflects...

Laos Welcomes Over Five Million Tourists in 2024, Generating Over USD 1 Billion

Laos has recorded over five million tourists this year, exceeding expectations and generating more than USD 1 billion in revenue, Prime Minister Sonexay Siphandone...