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, China Collaborate to Advance Traditional Medicine

Traditional medicines in Laos are poised for broader recognition as a state-run pharmaceutical enterprise partnered with three Chinese agencies to enhance the therapeutic potential...

Electricity Exports Propel Laos to Trade Surplus, Marking Record Growth

Laos has recorded a significant surge in its annual trade, reaching a total value of over USD 15.5 billion in 2023.  The figures, released by...

Laos Proposes Selling Over 4,000 MW of Wind Power to Vietnam

Vietnam Electricity (EVN) has received proposals from seven wind farm investors in Laos aiming to sell electricity to Vietnam, totaling nearly 4,150 megawatts (MW). According...

Laos Inflation Hits 25.35 Percent in February

Laos continues to face economic challenges as inflation rates reached 25.35 percent in February, up from 24.44 percent the previous month, according to a...

Delivery Hero Ends Talks to Sell Foodpanda in Southeast Asia 

Following months of negotiations, Berlin-based multinational online food ordering and delivery company Delivery Hero has ended talks of the potential sale of its Southeast...

BOL Policy Mandates Foreign Investors to Open FDI Account

Updated on 23 January at 4:40 pm The Bank of Laos (BOL) has implemented a new regulation mandating foreign investors to open a Foreign Direct...