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 PM Attends 43rd ASEAN Summit, Calls for Business-Friendly Environment in Region

Lao Prime Minister Sonexay Siphandone along with other high-ranking delegates arrived on Monday in Jakarta, Indonesia, to attend the 43rd ASEAN Summit and related...

Houaphanh Authorities Rescind Bamboo Shoots Harvesting Ban

The Aed District Governor in Houaphanh Province has rescinded the ban on the harvesting of bamboo shoots within the district, which was issued by...

New Range Rover SV 23MY Sees Grand Launch in Laos

In a highly-anticipated event that exuded opulence and innovation, Lao Land Rover unveiled the new Range Rover SV 2023 on Wednesday, 30 August. The...

Lao Govt Launches State-Owned Company to Boost Liquidity of Financial Institutions

The Lao government is bolstering the financial stability of commercial banks and financial institutions by creating a state-owned entity, the Debt and Asset Administration...

Houaphanh Authorities Halt Unregulated Production of Bamboo Shoots

The Office of Agriculture and Ministry in Aed District, Houaphanh Province, issued a notice on 23 August to curb the unregulated production of bamboo...

Sekong Province to Improve Facilities Near Tad Fai Mai Waterfall for Visit Laos Year 2024

Sekong provincial authorities are planning to upgrade the tourism infrastructure and provide better facilities at Tad Fai Mai waterfall to welcome more tourists next...