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...

NetDragon Websoft Inc. Was Invited To Participate In The 18th United Nations Vesak Day and Developed The “UN Vesak Day Metaverse”

BANGKOK, THAILAND - Media OutReach - 2 June 2023 - On 1st and 2nd June, the 18th United Nations Vesak Day was held...

Oi Wah and PACM Group entered into MOU

To cooperate in developing mortgage loan businesses including overseas marketHONG KONG SAR - Media OutReach - 2 June 2023 - The board of...

New Report Finds Enterprises are Accelerating Edge Adoption to Get Ahead of the Competition with Nearly 70% Leveraging Edge to Solve Critical Business Challenges

NTT’s Edge Advantage report surveyed 600 enterprises leveraging edge to enable data-driven decision making; uncovered concerns around infrastructure capabilities. ...

Udokan Copper helps restore Siberian sturgeon population as part of its ESG program

MOSCOW, RUSSIA - Media OutReach - 2 June 2023 - Udokan Copper, one of the largest industrial companies operating in Russia's Far East,...

Prince Holding Group and CanCham Explore Synergies for Future Partnerships in Cambodia

PHNOM PENH, CAMBODIA - Media OutReach - 1 June 2023 - Prince Holding Group (PHG) recently hosted...