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...

Lao National Assembly Opens 8th Ordinary Session to Address Key National Challenges

The 9th-tenure National Assembly (NA) opened its 8th Ordinary Session on 18 November in Vientiane. Under the leadership of Xaysomphone Phomvihane, the assembly convened...

Lao Government Encourages Diaspora to Reconnect, Invest in Homeland

On 12 November, the Lao government hosted a meeting in Vientiane aimed at encouraging Lao nationals and those of Lao descent living abroad to...

Laos to Enforce Ban on Unregistered, Unlabeled Food Products in 2025

The Lao Ministry of Industry and Commerce has announced new regulations, requiring all food products to carry proper registration, Food and Drug Department (FDD)...

Xieng Khouang to Celebrate Khao Kai Noi Festival, Showcasing Laos’ Premium Rice

Xieng Khouang Province is set to host the Khao Kai Noi Festival from 25 to 30 November, celebrating Laos’s prized Khao Kai Noi rice...

That Luang Festival to Feature Over 1,600 Booths Showcasing Lao Crafts, Culture

The 2024 That Luang Festival, running from November 11 to 15, is set to draw thousands of visitors with over 1,600 booths featuring Lao...

Laos, Singapore Partner to Launch Singapore International Institute for Enhanced Vocational Training

Laos has recently advanced vocational training and education by partnering with Singapore to create the Singapore International Institute. This new institute aims to expand...