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...

Government Approves Vang Vieng to Luang Prabang Expressway

The Government of Laos has given the green light for a planned Vang Vieng to Luang Prabang expressway, reducing travel time between the two...

Laos to Build Expressway Linking Luang Prabang and Oudomxay

The Government of Laos plans to build a new expressway linking Luang Prabang with Oudomxay, drastically reducing travel time between the two provinces. According to...

Laos to Develop Solar Power for Export in Champasack Province

The Government of Laos has signed an agreement with Muang Khong Clean Energy to build a solar power plant at Khong District, Champasack Province. According...

Finance Minister to Take Tougher Stance on Corrupt Officials

The Ministry of Finance has dismissed over 20 civil servants for involvement in fraud, including the embezzlement of state revenue, according to a statement...

Transmission Lines Connecting Laos to Cambodia Officially Launched

A ceremony was held this week to mark the opening of a new 500 kV transmission line connecting Laos and Cambodia in Champasack Province. According...

Don Sahong Hydropower Project Begins Commercial Operations

Mega First Corp Bhd announced today that its hydropower plant in Laos, the Don Sahong Hydropower Project, has begun commercial operations. The company, in a...