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 Left in the Dark Due to Faulty Streetlights

Residents of Vientiane Capital have been left in the dark after street lights have stopped working in several districts. Patchy street lighting systems in the...

Laos-China Railway to Open for Freight Transport Before Allowing Passengers

The Laos-China Railway will open in December as scheduled but will be used primarily for freight transport, according to an announcement by the Prime...

Deputy Mayor Discusses Removal of Police Checkpoints across Vientiane Capital

The Deputy Mayor of Vientiane Capital has conceded that police checkpoints in the city were removed recently to prevent economic collapse. Despite an increase in...

Completed Vientiane Station On Track for Laos-China Railway Opening

Vientiane Capital Station along the Laos-China Railway was unveiled yesterday as it nears completion before the opening of the railway in December. Constructed over some...

Laos Shifts Gears on Electric Vehicle Promotion

The Government of Laos has issued a new policy to promote electric vehicles which it hopes will help minimize fuel imports and reduce emissions...

Laos Hopes to Develop Own Digital Currency

Laos hopes to issue its own digital currency in the near future as part of cooperation with a Japanese financial technology startup. Nikkei Asia reports...