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 Government Allocates LAK 4.5 Trillion to Boost Domestic Production and Stimulate Economic Growth

In a move to increase domestic production and counter ongoing economic challenges, the Bank of Lao PDR (BOL) has allocated LAK 4.5 trillion toward...

Authorities Destroy LAK 76 Million Worth of Illegally Imported Pork, Buffalo Skin in Vientiane

Vientiane officials destroyed 4,405 kg of illegally imported buffalo skin and pork products worth nearly LAK 76 million at a disposal site on 11...

Lao Ministry Urges Phone Users to Register their Numbers by December 16 or Face Fines

The Ministry of Technology and Communications (MOTC) office in Laos issued a notice on Thursday, stating that all phone numbers across the country must...

Lao-American Restaurant Owner Ready to Start Over After Racist Allegations Forced Shutdown

After false allegations against David Rasavong and his Fresno, California-based restaurant Tasty Thai caused the business to shut down in May, the owner is...

First 7-Eleven Store in Laos is Now Open for Service in Vientiane Capital

The first 7-Eleven store in Laos officially opened its doors to customers on Thursday, 7 September. The convenience store is located at Souphanouvong Road,...

BOL to Issue Third Phase of Government Bonds Worth LAK 3 Trillion

The Bank of Lao PDR (BOL) announced on Tuesday that it will issue the third phase of its government bonds, worth LAK 3 trillion...