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 is the Youngest Nation in Asia

As many parts of the world prepare to cope with large aging populations, sparsely populated Laos remains the youngest nation in Asia. According to a...

Tilleke & Gibbins Publishes 2018 Doing Business in Laos Guide

The Laos chapter of Global Guide 2018: Doing Business In..., a guide published by Practical Law in association with Lex Mundi, presents a comprehensive Q&A-style...

2018 Road Tax Now Due and Payable

The Ministry of Finance has called upon vehicle owners to make payment of the 2018 road tax, which is now due and payable. After multiple...

Sepon and Phu Bia Mines Set to Close Operations by 2020

Energy and Mines Minister Khammany Inthilath, in his address to the National Assembly, stated that since 1990, the Lao Government has had an open...

New Minimum Wage Set at 1,100,000 Kip Expected to be Announced On Labor Day

Within three months, the raising of the country's minimum wage to 1,100,000 kip per month is expected to materialize. The current wage has been...

Mongolia to provide Sheep to Lao People’s Army

The Mongolian government has agreed to provide 1,000 sheep to the Lao People's Army battalion in Xieng Khouang Province. A meeting was held between Mongolian...