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...

Luang Prabang Celebrates Laos-Vietnam Friendship with Culture-Tourism Week

On the evening of 25 October, Luang Prabang, Laos, came alive with the sounds of music and laughter. The city's historic That Luang area...

Luang Prabang Takes Stand Against Non-Compliant Signs to Improve City’s Appearance

In recent months, the Information, Culture, and Tourism Office in Luang Prabang has been actively taking steps to remove illegal advertising signs from the...

France-Laos Economic Forum Celebrates 70 Years of Diplomatic, Business Ties

VIENTIANE, LAOS — As the longstanding diplomatic bond between Laos and France nears its 70th milestone, the international business arena sets its sights on...

Lao Ministry of Industry and Commerce Works to Address Land Port Issues

The Lao Ministry of Industry and Commerce (MOIC) is taking steps to improve the import-export process at land ports across the country. In a meeting...

Driving Sustainability: LOCA’s Inspiring Journey in Laos

Since its establishment as a Laos-born startup back in 2018, LOCA has been on an extraordinary journey, reshaping the way people in Laos perceive...

Thai Retail Giant Sets Sights on Lao Visitors with New Investment Plans in Border Provinces

Thailand's largest shopping mall operator, Central Pattana Plc (CPN), plans to invest THB 3 billion (approximately USD 83 million) in the northeastern provinces of...