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...

Laos May Not Graduate from Least Developed Country in 2024

The United Nations is reevaluating the likelihood that Laos will graduate from Least Developed Country (LDC) status in 2024 amid the effects of the...

Many Lao Workers Returning from Thailand Prefer to Stay in Laos

A new report by the International Organization for Migration says that over 200,000 Lao migrant workers have returned from Thailand since the Covid-19 pandemic...

Vientiane’s Tanmixay to Sikeuth Road 97 percent Complete

The road construction project connecting Tanmixay Village with Sikeuth Village in Vientiane Capital is now 97 percent complete. The road surface has now been...

Vientiane Street Lighting Upgrade 40 Percent Complete

New street lighting has been installed along seven major roads in Vientiane Capital, with the project now 40 percent complete. The new streetlights along main...

Authorities: No Need to Panic About African Swine Fever

An outbreak of African Swine Fever has swept through seven provinces in northern Laos, while authorities have urged the public not to panic. According to...

New Railway Proposed for Southern Laos

A Thai company has signed a Memorandum of Understanding with the government of Laos for a feasibility study on a new railway line in...