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...

Thai Credit Rating Agency Demotes Lao Sovereign Rating to Below Investment Grade

The Lao government has issued the first-ever Thai Baht bond in the Lao domestic market, as a Thai credit agency downgraded the country’s credit...

Laos, Russia Discuss New Moscow-Vientiane Flight Route to Boost Tourism

The Lao head of the Party Central Committee for External Relations, Thongsavanh Phomvihane, met with a Russian delegation led by an MP and Secretary...

Laos Government Encourages Use of Electric Vehicles as Fuel Imports Decline

The government spent less on fuel imports in August than in the previous month, but officials say there is enough fuel to meet the...

Celebrating Lao Coffee and Promoting a Safe Work Environment in the Supply Chain

International Coffee Day is back and bigger than ever. The day is an opportunity to celebrate our love for coffee while also recognizing the...

Lao Government Lowers Prices for Essential Goods in Vientiane Capital

The Ministry of Industry and Commerce collaborated with local companies to start selling commonly used consumer goods at lower prices in Vientiane Capital to...

Laos Sees Launch of New Program to Boost Skills in Tourism, Agriculture and Forestry

The Government of Laos and Team Europe partners, Luxembourg, Switzerland, and the European Union, gathered today in Vientiane Capital to launch the “Skills for...