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...

Vientiane Petroleum State Enterprise Starts Importing Fuel From China

The first shipments arrived in Laos this week after an MoU was signed between the Vientiane Petroleum State Enterprise, SINOPEC Hong Kong, and SINOLAO...

National Assembly Member Proposes Adjusting Lao Workers’ Wages to Current Forex Rates

During the ongoing 5th Ordinary Session of the 9th National Assembly Legislature, Mr. Xayadeth Phouiyavong, a constituent of Savannakhet’s District 13, urged the government...

Saysana Group, Lao Government Collaborate on Big Data Management Feasibility Study

Saysana Group has signed a Memorandum of Understanding (MOU) with the Lao Government to conduct a feasibility study for the development of a national...

Enish and GeekOut, two brands engaged in game app development and operation, announce the launch of their original Verse on Oasys and the release...

SINGAPORE - Media OutReach - 28 June 2023 - Oasys, a gaming-optimised blockchain, is excited to announce that two major developers and operators...

Navigator and Fullerton Fund Management Launch Collaboration to Expand Range of Investment Solutions

SINGAPORE - Media OutReach - 28 June 2023 - Navigator Investment Services Ltd ("Navigator"), an integrated investment company by Singlife, today...

ROSEN, A LEADING LAW FIRM, Encourages Viatris Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – VTRS

New York, New York - Newsfile Corp. - June 27, 2023 - WHY: Rosen Law Firm, a global investor rights law firm,...