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...

Former President’s Centenary Spurs Transformation of Historic Residence

Champasack Provincial authorities are gearing up to transform the old residence of former President Khamtai Siphandone into a multifaceted tourist destination and educational hub....

Thai Princess Praises Lao-China Railway for Enhancing Regional Cooperation

In an interview with Chinese State Media, China Media Group, Princess Maha Chakri Sirindhorn of Thailand praised the Lao-China Railway for boosting regional trade,...

Laos to Develop E-Commerce Policies, Strategies for Local Enterprises

Recognizing the surging trend of online sales in Laos, the government has designated the strengthening of e-commerce as a key strategic development goal for...

Sugar Prices Are Rising Worldwide After Bad Weather Tied to El Nino Damaged Crops in Asia

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to...

Laos Records Seventh Consecutive Month of Trade Deficit

Despite all the effort the Lao government is putting forth, the country continues to record a trade deficit for the seventh month in a...

Laos Plans Crackdown on Non-Compliant Crypto Firms

The Lao government has announced plans to take stern action against companies that fail to make progress or comply with agreements related to cryptocurrency...