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 Households Struggle to Make Ends Meet Amid Economic Woes

Lao families are struggling to cope with increasing financial pressures as living costs continue to rise due to the depreciation of the local currency,...

Viral Job Ad Highlights Employment Discrimination in Laos

A job advert that went viral on social media this week highlights gaps in laws on employment discrimination in Laos, after an employer posted...

Families Affected by Construction Near Nam Ngum Hydropower Dam 1 Receive Compensation

A ceremony was held at the Keoudom district’s main club in Vientiane Province to provide compensation to families affected by the construction work around...

Two Cement Plants in Vang Vieng to be Transformed into Tourism Sites

Two Cement factories in Vang Vieng will be transformed into tourism sites and developers are currently applying for an investment permit for the project,...

Plain of Jars Sites to Be Offered Under Concession to Private Company

Authorities in Xieng Khouang Province have announced that management of part of the Plain of Jars may be offered as a concession to a...

Lao Govt Generates New Revenue Streams from Bitcoin and Cryptocurrency

Since the start of cryptocurrency mining in Laos last year, the government has generated nearly USD 27 million in revenue.  This was revealed by Prime...