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 Remains Unable to Streamline Investment Process

While Laos has been promoting a one-stop investment service for many years, lawmakers admit that the reality remains a tedious process mired in bureaucracy....

Illegal Dumping Poses Challenge for Waste Management Authorities

Illegal dumping and waste burning present a challenge to municipal solid waste management in Vientiane Capital, according to authorities. Household waste management in the nation's...

National Assembly to Address GDP Target Amid Economic Downturn

The Government is set to review the gross domestic product (GDP) growth target and present the revision to the upcoming session of the National...

Xieng Khouang Airport Handed Over to Lao Air Force

Administration and operations of Xieng Khouang Airport have been officially handed over to the Lao People's Liberation Army Air Force. An agreement of transfer was...

Electricite du Laos to Provide Discounts for Covid-19 Period

Electricity rates have sparked debate once again, with a new adjustment to be made for use between 151 - 461 kilowatt-hours (kWh) per month...

Government Appoints New EDL Director

A new director has been appointed to head Électricité du Laos, the state enterprise that owns and operates electricity transmission and distribution in Laos. A...