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...

Vingroup and K-Sure sign MoU to accelerate business cooperation

HANOI, VIETNAM - Media OutReach - 5 July 2023 - Vingroup has signed a Memorandum of Understanding (MoU) with Korea...

TUMI Launches Immersive Essentially Beautiful Pop-Up in Seoul

HONG KONG SAR - Media OutReach - 5 July 2023 - TUMI is celebrating its Fall 2023 collection with a pop-up experience open...

Experience First-hand the Best in Baby & Children Products at Mothercare Singapore’s Baby & Kids Fair 2023

SINGAPORE - Media OutReach - 5 July 2023 - Mothercare Singapore sets the stage for its largest-ever Baby & Kids Fair from 28...

WRISE Group Accelerates Business Momentum with Expansion of Business Footprint and Leadership Capabilities

Launch of WeWrise and VooTech and fresh senior executive leadership appointments all part of an expansion strategy to achieve assets under management (AUM) of...

Samsung Partners International Olympic Committee to Present Inaugural Olympic Esports Week in Singapore

SINGAPORE - Media OutReach - 4 July 2023 - At the recently concluded Olympic Esports Week, Samsung Electronics was front and centre of...

Largest Job Portal Site in Laos to Conduct Second Annual Salary Survey

Wise Research, a local research firm, commissioned by www.108.jobs, the largest job portal site in the country, will be conducting the second nationwide salary...