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...

First Freight Train Service Launched from Laos

The first freight train service to and from Laos was launched yesterday, with a shipment of Beerlao crossing the Thai-Lao Friendship Bridge. Cargo from a...

Six Problems the Lao Government is Trying To Solve by August

The Lao government held its two-day monthly meeting in Vientiane Capital from July 23-24 to discuss resolutions to six major problems faced by the...

Laos to Tighten Regulations on Gas Stations

Laos will tighten regulations on the location of fuel depots and gas stations in residential areas to ensure the safety of residents. According to a...

Laos Sees Drop in Foreign Direct Investment Inflow

Foreign direct investment (FDI) inflow to Laos decreased in 2018 amid a drop in new investment from China, a recent report has shown. FDI inflow...

Road Accidents Continue to Plague Vientiane Capital

Road accidents continue to plague Vientiane Capital, with the latest figures for the year so far reaching a staggering 525 cases, according to a...

Laos Tackles Unemployment by Partnering with Top Jobs Site

The Lao government is to provide information on the job market through a new partnership with the country’s largest employment website operator, 108 Jobs,...