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...

Lao Responsible Business Awards 2023 Celebrates Workforce Well-being

Angsana Maison Souvannaphoum and Animal Doctors International were two of the leading businesses to be recognized at the 2023 Lao Responsible Business Awards for...

China General Nuclear Signs Agreement for Renewable Energy Project in Laos

The Chinese state-owned energy corporation inked a deal with the Lao Government last week to build a renewable energy base in Laos. According to Reuters,...

Laos Records a Trade Deficit of USD 88 Million in August

Laos' imports and exports totaled over USD 980 million in August, with exports valued approximately at USD 446 million and imports at USD 534...

Luang Prabang Families Displaced by Laos-China Railway Project Get Relocated to New Village

The Laos-China Railway Company has relocated the residents of Buam-Or village, Xiengngeun district, Luang Prabang province, to a new village with access to recently-built...

Lao Govt Debunks News of Fuel Shortage, Affirms Fuel Distribution Still Strong

The Lao Fuel and Gas Association (LFGA) and the Ministry of Industry and Commerce (MOIC) have assured residents that the country's fuel distribution situation...

Delivery Hero Confirms Talks on Partial Sale of Foodpanda’s Asian Business

Delivery Hero, a Berlin-based multinational online food ordering and delivery company confirmed it is in talks to sell part of its Asia business on...