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...

Laotian Eye: Faster Times At Pi Mai As Culture, Continuity, Change Collide at Lao New Year

Thailand knows the time of year as Songkran. Cambodia has Chol Chnam Thmey. Myanmar marks the occasion with Thingyan. In Laos, Boun Pi Mai. Also Known...

Max Mara vs Laos’ Oma Ethnic Group: Fashion Chain Facing Claims of Textile Plagiarism, Design Theft

The Laotian Times looks at the plagiarism accusations lodged against fashion chain Max Mara by the Traditional Arts and Ethnology Centre. In doing so, we...

Tokyo 2020’s Road: Para-Swimmers Dive In As All Laos Meet Proves Milestone En Route Toward National Teams, Paralympic Dreams

With just some 500 days or so to go to the Tokyo 2020 Paralympic Games, inclement weather did not stop swimmers including prospective Lao...

Future Electric: EV Destiny Driving Rapidly Towards Laos

Promising prospects for electric vehicles (EV) in Laos as an agreement signed between power producer ລັດວິສາຫະກິດໄຟຟ້າລາວ EDL and electric-powered vehicle proponents EVLao, The Laotian Times reports. Looking to...

Laos Criminalizes Animal Abuse in Updated Penal Code

Laos has added a new section to its penal code that criminalizes animal abuse. This section appears in the latest version of the country’s penal code,...

Lumberings & Longings: Trials, Tales As Domesticated Elephants, Handlers Adjust to A New Era in Laos

Like wildlife in biological hotspots worldwide, Laos' wild and domesticated elephants alike are facing a time of rapid and significant change, amid increased man-made developments...