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...

NEXEA Partners Up with Allianz General, Exitra, and Spritzer to Empower Startups with Innovative Startup-Corporate Matching Programme

KUALA LUMPUR, MALAYSIA - Media OutReach - 19 June 2023 - NEXEA, a leading startup accelerator in Malaysia, has established a game-changing partnership...

The 15th Straits Forum kicked off in Xiamen, Fujian province

XIAMEN, CHINA - Media OutReach - 19 June 2023 - The 15th Straits Forum kicked off in Xiamen, Fujian province on June 16,...

Hang Lung 66 Brand Campaign Curates Spaces with Art and Fashion in Seamless Harmony

SHANGHAI, CHINA - Media OutReach - 19 June 2023 - Hang Lung Properties (SEHK stock code: 00101) ("Hang Lung" or "the Company"), guided...

Dr. Martens Boots “Made in Laos” Set Social Media Abuzz

Dr. Martens has been trending on social media in Laos after one person made the surprise discovery that the German-founded British brand of boots...

EcoFlow Steps Up to Address Vietnam’s Power Outages with Innovative Portable Solutions

HANOI, VIETNAM - Media OutReach - 19 June 2023 - Facing an escalating power crisis due to extreme heat and heightened demand,...

Every Purchase Makes a Difference: OTHERISM Pledges S$1 to NSCHF with Each Transaction

SINGAPORE - Media OutReach - 19 June 2023 - Taking a groundbreaking step in the skincare industry, OTHERISM Singapore is...