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...

VERTU Unveils Global Duty-Free Store Strategy with new opening in SANYA

SANYA, CHINA - Media OutReach - 4 July 2023 - VERTU, the world's premier luxury mobile phone brand, has unveiled its strategic...

Thai Airways to Double Fleet, Focus on More Flights to India

Thailand’s biggest airline, Thai Airways International, has laid out plans to expand its fleet after seeking bankruptcy protection in 2020 due to inefficient management...

Laos to Promote Domestic Production, Reduce Imports

The Ministry of Industry and Commerce (MTC) announced a number of measures to promote domestic production and reduce imports during the 5th Ordinary Session...

LOCA Introduces “Climate Dashboard” Feature, Enabling Users to Track Their Environmental Impact in Real Time

LOCA, the leading ride-hailing app renowned for its commitment to sustainable transportation solutions, proudly announces the launch of its latest feature: the revolutionary "Climate...

Vietnam Sees Launch of Cheapest EV Cars

Chinese car manufacturer Wuling rolled out the country's cheapest electric vehicle models last Thursday. The Wuling Hongguang Mini EV was launched for a starting price...

Lao Government Pursues Increased Investment to Tackle Financial Challenges

The Lao government has expressed an interest to attract more domestic and international investments to relieve the country's financial woes during the ongoing 5th...