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...

Building a Sustainable and Green Economic Corridor for Laos, Hand In Hand with FAO

Editorial (Op-Ed) by Mr. Nasar Hayat - Food and Agriculture Organization of the United Nations Representative in the Lao People's Democratic Republic, Mr. Nasar...

New Indicative Ending Date Set for Sanakham Dam Consultation

An MRC governance meeting has agreed to a new indicative date to conclude the prior consultation process of the 684-megawatt Sanakham dam. The decision by...

Vientiane Capital Signs Off On Flood Protection Project and Public Park

The second phase of a flood protection embankment along the Mekong River in Vientiane Capital is to commence next month. The eight-kilometer embankment will commence...

Bokeo-Xayaboury Bridge Over 66 Percent Complete

The Konteun-Huaykeo Bridge, which spans the Mekong River to link Bokeo and Xayaboury provinces is more than 66 percent complete. Bokeo newspaper reports that Head...

Final Rail Welded on Laos-China Railway

China Railway Group has welded the final 500-meter section of seamless rails on the Laos-China Railway line in time for the project's opening at...

Singapore to Trial Import of Electricity from Laos

Singapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos...