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...

Australia, Germany, Switzerland to Fund Improvement of Mekong River Basin’s Overall State

Australia, Germany, and Switzerland today committed nearly USD13 million in funding to the Mekong River Commission (MRC) to assist Cambodia, Lao PDR, Thailand, and...

Vientiane Rezones Over 20 Villages into New District

Some 24 villages in Vientiane's Xaythany District are being rezoned under the administration of Vientiane Capital's newly created Danxangmixay District. According to a notice issued...

New Houaphan Airport 92% Complete

The construction project of the Nong Khang Airport in Houaphan Province is 92% complete but has suffered delays due to the Covid-19 pandemic. A meeting...

Mitsubishi to Invest in Wind Power Project in Laos

Japan’s Mitsubishi Corp is to invest in a 600 MW wind farm project in Laos that will export power to Vietnam. The company announced yesterday...

Luang Prabang Roads Expanded To Facilitate Traffic

Authorities have upgraded and expanded several major roads in central Luang Prabang City to facilitate traffic within the municipality. According to a report by KPL,...

Authorities Discuss Security of Laos-China Railway

Authorities have discussed the security preparedness of the Laos-China Railway construction project, which is scheduled to be complete by December this year. According to a...