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...

Bamboo Airways Directors Resign Amid FLC Delisting From Vietnam’s Main Stock Market

Following the delisting of FLC Group, the main backer of Bamboo Airways, from Vietnam's main stock market for violating disclosure requirements in February, all...

UFC Fight Night: Holloway VS. The Korean Zombie in Singapore for Asia Prime Time Showdown in August

SINGAPORE - Media OutReach - 16 June 2023 - UFC®, the world's premier Mixed Martial Arts (MMA) organization, returns to Singapore with ...

Oriental wellness expert Ananchi introduces new Japanese bust care technology, launching a new wellness center in Central Hong Kong

HONG KONG SAR - Media OutReach - 16 June 2023 - Ananchi, a wellness boutique established in 2019 with a specialization in bust...

Creative Consulting Group earns Best Video Story-Telling Bronze Award through their work with Global C-Pop artist, Tia Lee, at the PR Awards Asia-Pacific 2023

Through their outstanding performance as the PR Lead for the pre-release campaign of the latest song of Global C-Pop Artist Tia Lee (Lee Yu...

Laos May Face Foreign Debt Defaults as Economic Turbulence Continues

Following unsustainable external debt ratios and challenging future debt repayments, Credendo, a European credit insurance group, has downgraded Laos from category 6/7 to the...

Traveloka Joins UNWTO to Boost Sustainable Tourism Efforts

Traveloka is the only travel platform in Southeast Asia with UNWTO membership, charting a path for the tourism industry’s recoverySINGAPORE - Media OutReach...