Economy

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt a revised Electricity Law aimed at supporting a greener, more modern and sustainable energy system. The current Electricity Law, adopted in 2017, no longer fully reflects changes in how electricity is generated, traded and managed, according...

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...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Schools Reopen Under New Covid Restrictions in Laos

  The Government of Laos has extended Covid-19 restriction measures indefinitely but has eased several measures, including allowing in-person classes at schools. The notice states that...

Phousy Group Seeks Major Stake in BCEL Bank

A notice issued by the Prime Minister's Office has revealed that construction giant Phousy Group is seeking to purchase a major stake in BCEL...

Laos Sets Priority List of Crops for Export to China

The Government of Laos has set a list of priority agricultural produce it hopes to export to China. According to a notice issued yesterday by...

Lao Front asks Government to Address Land Disputes and Compensation

  The Lao Front for National Development (LFND) has asked the National Assembly to address land disputes and land acquisition without development across the country. According...

Thailand to Increase Freight Train Services Between Nong Khai and Laos

Thailand is to increase freight train services to Laos amid the opening of the Laos-China Railway. Bangkok Post reports that the State Railway of Thailand...

Laos to Export First Shipment of Citrus Fruits to China Next Year

  Laos plans to export its first shipment of over fifty thousand tons of citrus fruits to China early next year. The citrus fruits grown in...