The government is planning to purchase foreign currencies from various sectors as part of measures to boost foreign reserves, according to a government leader.Read more
The Lao inflation rate continued to increase above 3 percent in September despite the government introducing a number of measures to control the price of goods in local markets.Read more
Authorities have directed all media outlets to stop carrying advertisements for KIWI Co Ltd’s QR Code payments and services via the Alipay system in Laos as they do not have the required permission from the Bank of the Lao PDR (BOL).Read more
The removal of barriers to bank lending and borrower withdrawals foreign currencies are set to benefit enterprise in Laos after the Bank of the Lao PDR removed restrictions in this regard, according to an announcement from the central bank.Read more
The International Finance Corporation (IFC), a member of the World Bank Group, is working with the Bank of the Lao PDR (BOL) to reform its credit-reporting framework.
This is part of a wider effort to improve the country’s financial infrastructure, facilitate lending for smaller businesses, and boost economic ….