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Laos to host ASEAN business, investment summit to boost regional economic integration  Laos will host the annual ASEAN Business and Investment Summit (ABIS) 2024 while chairing the Association of Southeast Asian Nations (ASEAN) in order to boost regional business and investment integration and networking with dialogue partners.  Representatives from the member states of the ASEAN and dialogue partners will participate in this summit, scheduled to take place in Lao capital Vientiane from October 8 to 11, Xinhua news agency said quoting a report in the local Pasaxon...
Laos to host ASEAN business, investment summit to boost regional economic integration
Laos to host ASEAN business, investment summit to boost regional economic integration
Source: IANS
2024-09-24 01:59:01 pm
Laos to raise interest rates to ease inflation pressures The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy.  The bank's Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 per cent to 10.5 per cent per year. The interest rate on foreign currency deposits will also be increased, rising from 10 per cent to 11 per cent per year, according to a report issued by the BOL on Wednesday, report...
Laos to raise interest rates to ease inflation pressures
Laos to raise interest rates to ease inflation pressures
Source: IANS
2024-08-28 05:12:24 pm
18th ASEAN ministerial meet begins in Laos with focus on connectivity, resilience Secretary-General of ASEAN, Kao Kim Hourn, and the ASEAN Ministers responsible for combating transnational crime on Wednesday participated in the 18th ASEAN Ministerial Meeting on Transnational Crime in Vientiane, Laos, along with Timor-Leste as an Observer.  The meeting themed ‘ASEAN: Enhancing Connectivity and Resilience’ chaired by Lao PDR, involved discussions on recent and emerging trends in transnational crime, as well as the implementation of the ASEAN Plan of Actio...
18th ASEAN ministerial meet begins in Laos with focus on connectivity, resilience
18th ASEAN ministerial meet begins in Laos with focus on connectivity, resilience
Source: IANS
2024-08-28 12:35:27 pm
Laos to establish bullion bank  Laos plans to establish the Lao Bullion Bank to build gold reserves, enhance financial stability, and strengthen the Lao Kip.  The establishment of the bullion bank will contribute to the implementation of the vision of the Party and government in terms of maintaining and creating financial and economic stability that will unlock the potential of the national finance system and the treasury, strengthen the value of the Lao kip, and boost fundraising and national liquidity, Lao n...
Laos to establish bullion bank
Laos to establish bullion bank
Source: IANS
2024-08-10 03:14:04 pm
Laos strengthens IP protection efforts Laos launched its updated Intellectual Property (IP) Portal website that empowers businesses to protect their innovations and creativity, fostering a more dynamic and competitive economy.  The website aims to streamline application processes for entrepreneurs, providing clear guidance on IP rights, according to Lao Economic Daily report on Thursday. The launch of the IP Portal is a major step forward for Laos' intellectual property ecosystem, by fostering an environment that su...
Laos strengthens IP protection efforts
Laos strengthens IP protection efforts
Source: IANS
2024-08-08 03:17:41 pm