Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Bank of Laos Vows to Resolve Foreign Exchange Problems

The Bank of the Lao PDR held a press conference today to announce solutions it has proposed for the ongoing foreign currency problem faced...

Public Left to Speculate as Fuel Shortages Continue in Laos

Despite continued fuel shortages that have been described as a crisis for Laos, little guidance has been provided to the public as gaps in...

Myanmar Central Bank Bans Payments in Foreign Currency

The Central Bank of Myanmar (CBM) on Wednesday banned foreign currency for local payments to stabilize the foreign exchange rate in the country. The bank...

Laos-China Railway to Link with Thanaleng Dry Port 

Authorities have begun preparations to link the Laos-China Railway to the Thanaleng Dry Port to better facilitate freight transportation. While goods are currently transported by...

US President Biden Forms Economic Bloc for Indo-Pacific

US President Joe Biden has formed an economic framework with 12 Indo-Pacific nations officially named the Indo-Pacific Economic Framework. Five years after his predecessor pulled...

New Cryptocurrency Mining Operation Opens in Laos 

Laos has officially launched a cryptocurrency mining operation in Bachiang Chaleunsouk District, Champasack Province. A ceremony to launch the project was held by Lao...