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...

National Assembly Tells Government To Tax Online Vendors

Members of the National Assembly have asked the Lao government to begin collecting taxes from those selling products and services online. According to a report...

Beerlao Raises Prices Amid Increasing Production Costs

Lao Brewery Company has issued a notice stating that amid rising operating costs, it has regretfully been forced to raise the prices of its...

Inflation Rate Increased by Nearly Four Percent in June this Year

The inflation rate in Laos increased in June this year compared to the same period last year, climbing 3.96 percent. According to the Lao Statistics...

Authorities Blame Weak Local Currency for High Egg Prices

Authorities in Laos have said that a weakened Lao Kip is to blame for the increase in egg prices. According to a report by KPL,...

Savannakhet Ready to Employ Over 50,000 Returnees

Businesses in Savannakhet have expressed interest in providing jobs for over 50,000 Lao migrant workers who have returned from Thailand. According to a report by...

China Provides Laos With 28 Electric Vehicles for Use in SEZ

China is providing Laos with a fleet of 28 electric vehicles to promote green transportation as part of the South-South Cooperation Project on climate...