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...

Cuba’s President Diaz-Canel Takes East Asia Solidarity Tour to Laos

Geographically distant but with a shared solidarity born of shared experiences of struggles for independence against colonial and imperial domination and sharing similar Marxist-Leninist institutions of...

PM Thongloun Pushes Laos-made at China International lmport Expo in Shanghai

Laos' Prime Minister Thongloun Sisoulith was in China's major economic city Shanghai pushing the Made-in-Laos message as the country's policymakers and entrepreneurs seek to leverage increased...

Beer Drinkers Post-Halloween Hangover Risk Reduced as Prices Rise in Laos

Beer drinkers beware this Halloween! Lao Brewery Company announced wholesale price increases to retailers of its flagship beverage Beerlao on Monday, October 29. Suppliers and retailers were notified of...

Inequality, Disasters Risks to Development as Progress Pushed in Laos: UNDP

Inequality, disaster risk key factors to overcome in Laos' aspiration to shed Least Developed Country status by the revised target of 2024, says UNDP. "Graduation...

Connectivity, People, Environment: PM Thongloun Joins Mekong-Japan Summit in Tokyo

Mekong-Japan cooperation, connectivity, people links and the environment are major themes as Lao Prime Minister Thongloun Sisoulith meets counterparts from neighbouring countries and Japan in...

Climate, Peace, Development Desires Aired as Laos Meets World at Annual UN Assembly

Between US President Donald J. Trump's signature America First rhetoric and self-appraisals generating "spontaneous murmurs" and the attendance of New Zealand's first baby and...