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 Faces USD 154 Million Trade Deficit in July, Seventh Consecutive Month of Imbalance

Laos recorded a USD 154 million trade deficit in July, marking its seventh consecutive month of trade imbalances. According to the Trade Information Center...

New Phase Boosts Laos-China Clean Energy Project

To advance regional clean energy collaboration, Laos and CGI Energy Technology Co., Ltd. have signed an agreement to launch Phase II of the Northern...

First Lao Nationals Certified as Train Drivers by Lao-China Railway

On 5 August, the Lao-China Railway awarded driver certificates to 14 Lao nationals who successfully completed a self-driven test. This certification ceremony marks the...

Laos Unveils Electronic Certificate of Origin Issuing System to Boost Trade

The Ministry of Industry and Commerce (MOIC) of Laos, with support from the United States Agency for International Development (USAID), has launched an enhanced...

Laos to Introduce Advanced Digital Business Licensing with E-Filing System

The Lao Ministry of Technology and Communications (MOTC) has teamed up with a private company to develop an advanced digital business licensing system, also...

Thailand Welcomes Lao Tourists on New Vientiane-Bangkok Train Service

The Tourism Authority of Thailand (TAT) and the State Railway of Thailand (SRT) welcomed Lao tourists who arrived at Krung Thep Aphiwat Central Station...