Economy

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 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

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...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Vientiane Residents Struggle with Fuel Shortage

  Motorists in Vientiane have taken to social media citing a chronic fuel shortage among petrol stations in the capital. Petrol stations have found themselves intermittently...

Prime Minister of Laos Orders Full-Scale Preparations for National Reopening

The Prime Minister of Laos has ordered full-scale preparations for reopening the country amid the launch of the Laos-China Railway. Lao Prime Minister, Dr. Phankham...

Thailand Seeks Connection with Laos-China Railway

The Thai government has said it is seeking a way to link Thailand's Thai-Chinese high-speed railway line with the Laos-China Railway. A senior Thai official...

Lao State Inspection Authorities Uncover Trillions Lost to Corruption

The State Audit Organization and the State Inspection Authority of Laos have uncovered massive losses of over LAK 1.5 trillion and USD 147,387 this...

Fuel Prices Rise Again in Laos Amid Covid-19 Pandemic

The government of Laos has announced an increase in fuel prices for the sixteenth time this year, bringing the price of regular gasoline to...

Laos to Purchase New Fleet of Electric Vehicles for Senior Officials

The government of Laos is considering replacing gasoline cars with electric cars for Party and government leaders. According to a report from the Ministry of...