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...

Installation of Turbines Begins in Laos for SE Asia’s Largest Wind Power Project

The Monsoon Wind Power Project in Laos has begun installing wind power turbines after the turbines and blades were delivered from Thailand on Saturday....

Laos, Philippines Discuss Direct Flights to Boost Trade, Investment, Tourism

Foreign Ministers of Laos and the Philippines discussed the possibility of starting direct flights between the two countries to boost trade, investment, and tourism...

Amata City Lao Receives THB 150 Million Loan to Develop Smart City in Northern Laos

Amata City Lao Company, a subsidiary of the Thai Real Estate company AMATA Group in Laos, secured THB 150 million (about USD 4.2 million)...

Laos to Receive THB 1.8 Billion Loan From Thailand to Develop Khamsavath Station in Vientiane Capital

Laos is likely to receive a loan worth THB 1.8 billion (around USD 51 million) from Thailand to develop the Khamsavath Station in Vientiane...

Thai Airways to Restart Direct Flights Between Vientiane and Bangkok This Month

Thailand's flag carrier has announced that it will resume direct flights between Wattay International Airport in Vientiane Capital, Laos, and Suvarnabhumi Airport in Bangkok,...

Laos Sees Highest Trade Deficit of 2023 in July at USD 166 Million

Laos’ imports and exports totaled over USD 1 billion in July; exports were valued at USD 429 million, while imports were approximately USD 595...