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...

ADB Lowers Laos’ 2023 Economic Growth Forecast to 3.7 Percent

According to the Asian Development Bank (ADB), economic growth in Laos will be slower than expected due to weaker growth prospects in China, adverse...

Fuel Company: Laos Could Face Renewed Fuel Shortages

Laos could face renewed fuel shortages if the current situation regarding foreign exchange is not quickly rectified, fuel companies have warned. PTT Lao Limited, the...

Laos-China Railway Purchases New Train to Boost Passenger Travel

Laos-China Railway Company has purchased a new electric multiple-unit (EMU) train, which will be delivered today, to support domestic and international tourist demand. “A new...

Lao Agriculture Ministry Proposes Ban on Imports of Certain Vegetables, Pork, Beef, and Fish

The Ministry of Agriculture and Forestry (MOAF) proposed a ban on imports of certain vegetables and other agricultural products to boost domestic production and...

PM Sonexay Urges Businesses to Increase Agricultural Production and Reduce Imports

Prime Minister Sonexay Siphandone held a meeting with the Ministry of Agriculture and Forestry and relevant businesses in Vientiane Capital on Friday, 15 September,...

Vientiane Capital Speeds Up Preparations for ASEAN Chairmanship and Visit Laos Year 2024

The Department of Information, Culture, and Tourism of Vientiane Capital is expediting its preparations to welcome a higher influx of foreign visitors during Laos'...