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...

Graphisoft, Otsuka Information Technology, and National Yunlin University of Science & Technology Sign MOU to Boost Taiwan’s Construction Industry through BIM Adoption

TAIPEI, TAIWAN - Media OutReach - 19 June 2023 - Graphisoft, the leading Building Information Modeling (BIM) software solutions developer for...

DHL Express to lead sustainable logistics in Indonesia with 24 additional electric vans

The electric vans will serve Jakarta and Bandung and will reduce carbon emissions by 177 tons...

NEXIF RATCH Energy achieves financial close and commences construction of its Calabanga solar power project in the Philippines, expected to be completed by...

SINGAPORE - Media OutReach - 19 June 2023 - NEXIF RATCH Energy (NEXIF RATCH Energy Investments Pte. Ltd.) is pleased to announce the...

GLP C-REIT makes history with $260 million follow-on offering on Shanghai Stock Exchange

Offering was supported by 16 domestic institutional investors and represents an important step towards greater securitization of the China real estate sectorSHANGHAI, CHINA &...

OPPO Announces Last Call for Proposals to the 2023 Inspiration Challenge at VivaTech 2023

OPPO joins a number of technology start-ups at VivaTech to show how innovation can create a better future for allPARIS, FRANCE - Media...