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...

Laos Sees Trade Deficit of USD 126 Million in June

Laos' imports and exports totaled over USD 1 billion in June; exports were valued at USD 458 million, while imports were approximately USD 584...

Lao PM Calls for ‘De-dollarization’ and Further Regulation of Foreign Currencies

Prime Minister Sonexay Siphandone signed a seven-page order on 14 July to ensure that foreign exchange earned through exports and foreign investments, enters the...

Laos Co-chairs Mekong-Ganga Cooperation Ministerial Meeting in Bangkok

Laos secured funding of USD 500,000 for a series of poverty reduction projects through the Mekong-Ganga scheme during the 12th Mekong-Ganga River Cooperation Framework...

Bokeo SEZ Aims to Achieve International Recognition as Top Tourist Destination

Officials at the Golden Triangle's Special Economic Zone (SEZ) in Bokeo Province have set their sights on developing the region as a globally renowned...

Laos Attracts Foreign Investment of Over USD 800 Million in Khammouane

The Asia-Potash International Intelligent Industrial Park in Khammouane province has been a significant investment for the country, with an investment cooperation memorandum worth USD...

Laos to Issue THB 3.61 Billion “Baht Bonds” for National Development

The Ministry of Finance in Laos is gearing up to issue THB 3.61 billion in bonds to fund the country's national development initiatives, according...