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 Minister of Finance Proposes New Draft Law on Land Tax

The Minister of Finance, Santiphap Phomvihane, proposed a new draft law on land tax during the ongoing 5th Ordinary Session of the 9th National...

Company in Bokeo Collects Garbage Fees in Baht as Kip Continues Depreciating

A company in Bokeo, which holds a garbage collection concession from the government, was recently found to be collecting fees in Thai Baht. This...

Kakao Pay Launches Overseas ATM Withdrawal Service in Laos, Vietnam, and Japan

Kakao Pay Corp., a mobile payment and digital wallet service in South Korea has launched an overseas ATM withdrawal service in partnership with Global...

HKU Partnership for Sustainability Leadership in Business Hosts Knowledge Primer 5 cum Sustainable Value Chains Commitment and SMEs Sustainability Leadership Recognition Awards Ceremony

Industry leaders gather together to share insights on scaling up circularity through business model reinvention and innovative technologies. The industry urges government to keep...

Hang Lung Supports the Strive and Rise Programme

Engaging Mentees in Job Shadowing at Peak Galleria and Community Services with a Social EnterpriseHONG KONG SAR - Media OutReach - 5 July...