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...

Amazon Singapore Celebrates Prime Day with Prime Day Carnival

Happening at Capitol Singapore from 8 - 9 July, Amazon Singapore’s free public event will showcase a preview of the deals and exclusive new...

HDBank sets up Korea Desk for corporate clients

HO CHI MINH CITY, VIETNAM - Media OutReach - 26 June 2023 - To mark the visit to Vietnam by Korean President Yoon...

Bags: Inside Out Inaugural Asian Tour Marks Grand Finale at Pacific Place Presented by Swire Properties and the Victoria & Albert Museum, London

Celebrate all things bags with an extraordinary showcase of 240 unique objects and singer Kelly Chen’s personal collectionHONG KONG SAR - Media OutReach...

SIBUR Executive Speaks at International Conference on Sustainable Plastics

SHANGHAI, CHINA - Media OutReach - 26 June 2023 - The head of sustainable development at SIBUR was among a group of executives...

New coalition formed to fight heart disease across Asia

Patients, allied health professionals, academia, global health think-tank and corporate partners launch the Asia-Pacific Cardiovascular Disease Alliance (APAC CVD Alliance) to tackle heart disease...

Rakuten Wallet Joins Oasys Blockchain as Validator, Alongside Softbank, KDDI, Nexon and MIXI

SINGAPORE - Media OutReach - 26 June 2023 - Oasys, a gaming-optimised blockchain, today announced a partnership with Rakuten Wallet Inc., a...