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...

Laos Receives More Funding for Business and Trade to Assist in Covid-19 Recovery

The World Bank and the Government of Laos have agreed to scale up a Competitiveness and Trade Project that will assist businesses in Covid-19...

Railway Traffic Control Center Opens at Vientiane Station

Authorities in Laos have officially opened a railway traffic control center to manage traffic along the Laos-China Railway. According to a report by CRI, the...

Laos Records Trade Surplus in September

Laos recorded a trade surplus in September, with exports topping imports for the first time in recent months. According to data from the Lao Trade...

Man Electrocuted Cutting Cables Along Laos-China Railway

A man has died after being electrocuted while cutting cables at a Naxaythong section of the Laos-China Railway in Vientiane Capital. It is believed the...

Historic Moment as First Passenger Train Along Laos-China Railway Arrives in Laos

In a historic moment, the first passenger train to travel along the Laos-China Railway has arrived in Laos. The Electric Multiple Unit (EMU) passenger train,...

Laos to Receive First Passenger Train Along Laos-China Railway on Friday

The first passenger train to travel along the Laos-China Railway is expected to arrive in Laos from China on Friday. The Electric Multiple Unit (EMU)...