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...

Fifth Lao-Thai Friendship Bridge Four Percent Complete

The 5th Lao-Thai Friendship Bridge, which links Beung Kan Province in northeastern Thailand to Paksan, Bolikhamxay Province in Laos, is now four percent complete. According...

Housing for Attapeu Flood Victims Now Over 60 Percent Complete

Some 505 new homes have been completed for flood victims in Attapeu following the dam collapse of 2018. According to a report by KPL, the...

Lumpy Skin Disease Kills More Than 100 Cattle in Laos

Over 100 cows and buffalo have died from lumpy skin disease infections across 126 villages in seven provinces as the disease spreads across Laos. Some...

Laos Bans Cattle Transport Amid Lumpy Skin Disease Outbreak

The government of Laos has placed a temporary ban on the import and export of livestock and beef products to prevent the spread of...

China Signs USD 1.5 Billion Deal to Purchase Agricultural Products from Laos

Chinese businesses have signed an agreement to purchase nine types of agricultural produce from Laos in a deal worth over USD 1.5 billion. The nine...

Telcos Discount Voice Calls and Data Rates During Lockdown Period

Telecommunications companies in Laos are to provide users with a 15 percent discount on voice calls and discounts on some data packages during the...