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 Enhances Business Infrastructure With Streamlined Approval Process

In a move to foster a more conducive business investment environment, the Lao government has approved a new regulation set to slash the registration...

Laos Partners with Chinese Firm for Tech Advancement in Mineral Exploration, Environmental Management

The Lao government has joined forces with a Chinese firm to revolutionize mineral exploration, natural resource mapping, urban planning, and environmental management across Laos. On...

Tallest Building in Laos to Open in March, Marking 75th Army Anniversary

The upcoming 75th anniversary of the Lao People’s Army will be marked with the grand opening of the towering 33-story Latsavong Plaza in central...

Laos’ SEZs Surge with Major Investments, Fueling Economic Growth Amid Lingering Concerns for Worker Safety

Laos experienced a slight economic upswing in 2023 as approximately 178 companies funneled investments into Special Economic Zones (SEZs) across the country, generating over...

3P Media, Official Media Sales Representative of Google in Laos

3P Media is now the Official Media Sales Representative of Google in Laos and Brunei, marking our entry into Southeast Asia as a go-to-market...

Landmark Partnership Propels Laos Towards Greener Future

The Central Bank of Laos (BOL) and the International Finance Corporation (IFC) inked an agreement on 12 December to boost their partnership in promoting...