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...

A.S. Watson and Amorepacific Signed Agreement to Bring More K-Beauty to Customers in Asia

SEOUL, KOREA & HONG KONG SAR - Media OutReach - 27 June 2023 - Korean beauty, also known as K-Beauty, has left an...

Solution to provide safe water to communities in need wins at 2023 SAFE STEPS D-Tech Awards

Singapore based Wateroam’s winning pitch showcased portable water filters to provide safe drinking water to communities in rural and disaster-hit regionsHONG KONG SAR -...

Kerry Logistics Network Named Excellence in Third-Party Logistics at the Hong Kong Economic Times Excellence Awards 2023

HONG KONG SAR - Media OutReach - 27 June 2023 - Kerry Logistics Network Limited ('Kerry Logistics Network', 'KLN'; Stock Code 0636.HK) was...

VHIS101 is Committed to Address VHIS’s Lack of Understanding

HONG KONG SAR - Media OutReach - 27 June 2023 - Voluntary Health Insurance Scheme (VHIS) is an important policy measure introduced by...