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...

EDL Issues Measures Against Electricity Theft

Electricite du Laos has announced new measures against electricity theft and meter tampering, including tripling fines for infringements. The power company says that those who...

Laos Records USD 54 Million Trade Deficit in May

According to the newest information from the Lao Trade Portal website, Laos posted a trade deficit of USD 54 million in May of this...

Laos Joins Monthly Railway Meetings with Thailand and China.

Laos is to join a monthly meeting previously held between Thailand and China that will review updates on the progress of a plan to...

Lumpy Skin Disease Infects Over 2,000 Cattle in Vientiane

Some 2,330 cows and buffalo have been infected with lumpy skin disease across 128 villages in Vientiane Capital. According to a report by Lao National...

EDL Opens Complaint Center Amid Overwhelming Public Outcry

Electricite du Laos has held an emergency meeting to discuss public complaints about high electricity bills and the disciplinary steps to be taken against...

Farmers in Huaphan Province Change their Life with Coffee Plantation

Vanmai Coffee Cooperative is a community of families in Huaphan Province in northern Laos, growing coffee to leave behind a troublesome past. Vanmai means...