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 Swine Flu Outbreak Sees Thailand, China Ban Pig Imports

China and Thailand have both ban pork and pig product imports from Laos following the country's first outbreak of African swine fever. The first cases...

Japan x Sabai: Sounds, Sights, Tastes, Smiles, Friendship a Feast at Tokyo’s Laos Festival ’19

Dancing, Friendship, Frivolity & Unmistakable Sound of World Heritage Listed Bamboo-Piped Khaen Among the Greetings to Tokyo's Famous Yoyogi Park for Japan's Laos Festival 2019, The...

Passengers Plus: 2nd Terminal In Plans for Wattay International Airport in Laos’ Capital Vientiane

Increasing passenger numbers via Vientiane's Wattay Airport as Laos pushes plans for a second terminal forward in capital. The latest push comes after the completion and opening of a...

Revitalized Role: New United Nations Resident Coordinator Ms Sara Sekkenes Assumes Post in Laos

The United Nations in Lao PDR has a new Resident Coordinator, the most senior UN Official in Laos. Ms. Sara Sekkenes a national of Norway succeeds Ms....

Infrastructure Development To Keep Laos Economy Growing Despite Headwinds, World Bank Says

Global economic headwinds are impacting on the East Asia Pacific, yet large infrastructure projects are still expected to accelerate economic growth in Laos, according to...

25 Year Span: Lao-Thai Friendship Bridge Quarter Century Anniversary Arrives Via Australian Aid

Hundreds of thousands of cross-border passenger and vehicle trips each year are made possible by the first friendship bridge that crosses the Mekong from Laos' capital...