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...

City Energy and Senoko Energy embark on collaborative effort to support Singapore’s Green agenda; starting with the exploration of hydrogen opportunities

SINGAPORE - Media OutReach - 6 June 2023 - City Energy, Singapore's sole provider and retailer of piped town gas for 160 years,...

TradeMonday Secures Investment from SenseTime To Expand AI Low-code Modularized Platform And ChatGPT B2B Retail Solution

HONG KONG SAR - Media OutReach - 6 June 2023 - TradeMonday, a Hong Kong based startup that specializes in AI-powered retail analytics,...

Ha Long Bay Tourism Hit by Power Shortages During Peak Season in Vietnam

Hospitality businesses in Vietnam's popular northern town of Ha Long report mass cancellations of hotel bookings during this peak season due to power outages. Hotels...

WIN NFT HERO V2.1 Open Beta Launches with a Million-Dollar Prize Pool for S1

SINGAPORE - Media OutReach - 6 June 2023 - WIN NFT HERO is a TRON-based strategy game that combines GameFi and NFTs, providing...

Nurturing Naturally Launches Free Sample Website For Top Baby Brands

SINGAPORE - Media OutReach - 6 June 2023 - Local online baby shop Nurturing Naturally has recently announced the launch of their...

Malaysian Govt. Demands Formal Trade Routes to Protect Musang King Durian from Thai Sellers

The Malaysian Agriculture and Food Security Ministry have asked for formal trade routes to protect the Musan King durian brand from Thai sellers who...