Economy

Laos Cabinet Approves New Draft Laws Amid 7.6% Inflation, Reviews Economic Priorities

Laos's Cabinet approved 12 draft laws and proposals during its August 24-25 meeting, as the government reported average inflation of 7.6 percent and reviewed economic, social and disaster-related challenges for the second half of 2026. The drafts cover government administration, public procurement, alcohol control, civil law, health insurance, social security,...

Laos Economy Grows 5% in Year’s First Half, Government Holds to 6% Target

Laos’ economy expanded 5 percent in the first half of 2026, helped by a...

Attapeu Looks to Job Support as School Dropouts Rise

Attapeu is expanding its employment services as the province seeks to respond to labor...

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt...

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...

Debt-Stricken Sri Lanka Signs a Free Trade Pact With Thailand

COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka signed a trade pact with Thailand on 3 January in a bid to boost trade and...

BCEL Launches New Payment App for Tourists During Visit Laos Year 2024

Banque pour le Commerce Exterieur Lao Public (BCEL) has unveiled the EZyKip application in a bid to streamline currency exchange for tourists visiting Laos...

Vehicles Queue Up at Petrol Stations as Vientiane Residents Fear Upcoming Fuel Shortage

UPDATED January 24, 11:00 am Over the weekend, Vientiane Capital started experiencing an increase in the number of vehicles lining up at petrol stations, raising worries...

Laos-China Railway Boosts Daily Trips in Preparation of Tourism Surge

The Laos-China Railway Company has announced that it will increase the daily trips of its passenger trains to 12 journeys a day from the...

‘Battery of Southeast Asia’ Plans Move Forward as Laos Enhances Trade Capacity With Cambodia

Laos and Cambodia have reiterated their commitment to enhancing energy trade between the two countries, following the establishment of a 500-kilovolt transmission line in...

ASEAN Nears 35 Percent Renewable Energy Target

Solar and wind energy capacity in the Association of Southeast Asian Nations (ASEAN) region witnessed a 20 percent increase in 2023, reaching a total...