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...

TCL Announces 2023 Refrigerator Line Up Available in the Philippines

Extensive refrigerator range with added health and energy saving benefits to improve lives of consumers in the regionMANILA, PHILIPPINES - Media OutReach -...

Businesses in Golden Triangle SEZ to Only Accept Payment in Lao Kip

Businesses in the Golden Triangle Special Economic Zone will need to display a sign that reads "Accept Lao Kip Only" for payments starting Monday. The...

Spackman Media Group Artist Son Suk-ku Stars In Upcoming Korean Theatre Production, ARMY ON A TREE

Spackman Media Group artist Son Suk-ku is set to star in a new Korean theatrical play,...

Laos Plans to Export Rice to United States in 2024

The owner of a rice production company in Laos expressed her interest in exporting rice to the US next year after the recent success...

Kerry Logistics Network Launches Global LCL Solutions

From Asia to Multiple Destinations WorldwideHONG KONG SAR - Media OutReach - 19 June 2023 - Kerry Logistics Network Limited ('Kerry Logistics Network',...

Okta Introduces Okta Device Access to Help Organizations Mature their Zero Trust Strategy

New product extends Okta’s trusted access management capabilities to the point of device login, empowering employees to work safely from anywhere SINGAPORE - ...