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...

Court Orders China Evergrande Property Developer to Liquidate After It Failed to Reach Debt Deal

HONG KONG (AP) — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach...

3P Media Celebrates Milestone Launch as Official Sales Representative for Google Ads in Laos

3P Media, the Official Media Sales Representative for Google in Sri Lanka, Laos, and Brunei, marked their official presence in Laos with an evening...

LOCA PAY Set to Transform Tourist Payments for Visit Laos Year 2024

As Laos prepares for the "Visit Laos Year 2024" and its prestigious ASEAN Chairmanship, LOCA, the preeminent eco-friendly ride-hailing network in the country, is...

Tour Operator Focus Asia Under Fire for Unpaid Debts to Luxury Hotels in Laos

UPDATED on 26 January at 4:36 PM (GMT+7) Luxury hotels and resorts in Laos, particularly in Luang Prabang Province, are raising concerns over tens of...

Vehicles Queue Up at Petrol Stations as Vientiane Residents Fear Upcoming Fuel Shortage

UPDATED January 24, 11:00 am Over the weekend, Vientiane Capital started experiencing an increase in the number of vehicles lining up at petrol stations, raising worries...

ASEAN Nears 35 Percent Renewable Energy Target

Solar and wind energy capacity in the Association of Southeast Asian Nations (ASEAN) region witnessed a 20 percent increase in 2023, reaching a total...