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...

Xapo Bank expands global footprint in South Asia, ushering in a new era of hybrid banking

With high-interest USD and BTC accounts now accessible to more regions in Asia, Xapo Bank opens the doors to untapped financial opportunities for the...

K-Melon Summer Chill: 5 Korean Melons in Season

HONG KONG SAR - Media OutReach - 22 June 2023 - It's the beginning of June, the season of Korean watermelon, honeydew melon...

ST Telemedia Global Data Centres and Firmus Technologies Forge Partnership to Build a Global Network of Sustainable AI Factories

Collaborative venture aims to provide cost-effective, large-scale and sustainable GPU and AI cloud services for the AI & visual computing era SINGAPORE -...

Winners of Thailand FX Awards 2023

BANGKOK, THAILAND - Media OutReach - 22 June 2023 - The winners of the Thailand FX Awards 2023 have been announced, celebrating...

KPMG in Singapore Unveils Leadership Transition and Reinforces Commitments to Advancing Financial Services, ESG, and Transformation

Deputy Managing Partner Lee Sze Yeng to succeed Managing Partner Ong Pang Thye on 1 October...

Oasys Special Event Unveils Lineup of Speakers and Participating Companies

Featuring the participation of Ubisoft and other Leading Gaming Developers, and a Keynote Address by Masaaki Taira, Member of the House of RepresentativesSINGAPORE &...