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...

Immeasurable contribution to the development of law and order: in memory of Dr. the Hon. Sir Ti Liang Yang

HONG KONG SAR - Media OutReach - 25 June 2023 - The University of Hong Kong is deeply saddened by the passing of...

HKU to Host APRU 27th Annual Presidents’ Meeting on Innovative Solutions for a Sustainable Future

HONG KONG SAR - Media OutReach - 25 June 2023 - Hong Kong is set to welcome academic leaders from across the Asia...

Hello Kitty and MetaGaia Partner for Metaverse Experience

MetaGaia and Sanrio Hong Kong Collaborate to Launch Hello Kitty Seven Wonders with Real-World Activations at Hong Kong’s Citygate Outlets HONG KONG SAR -...

Investment in Employee Experience, Cloud and AI Drives Improved Customer Experience, New NTT Report Shows

91% (92% in APAC) of organizations agree better EX will directly affect their net profit; 92%...

AWS Announces Generative AI Innovation Center

AWS invests $100 million in a new program that connects AWS machine learning and artificial intelligence experts with customers and partners worldwide to accelerate...

Capgemini to boost its cloud and digital end to end transformation offerings in Japan with acquisition of BTC

Acquisition supports the Group’s growth ambition in the Asia-Pacific region PARIS, FRANCE - Media OutReach - 23 June 2023 - Today Capgemini...