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 Donates Supplies to Vietnam Following Natural Disaster

On Monday, November 20, Lao government officials contributed 20 tonnes of rice and a tonne of dried pork and beef in aid to those...

Panama Epidemic Invades Banana Crops in Laos

A team of researchers from Bioversity International in collaboration with local experts, have recently reported that the popular Cavendish banana grown in Laos, has been infected...

Laos-China Ties Flourish

With 70 percent of Beerlao’s exports going to China, it is evident that Laos and China have bolstered ties all across the board. In 2011,...

Nam Ou 3 Dam Eliminates River Cruises

On Monday, November 20, a river cruise option popular amongst tourists and locals on the Nam Ou River in Laos, was officially cancelled  as...

China Invests in Lao Students

With China and Laos’ bilateral ties proving to be stronger than ever, China has opened its borders to hundreds of Lao students through scholarships,...

Officials say Visit Laos-China Year 2019 Likely to Happen

With Visit Laos Year 2018 officially launched, talks of possibly introducing a Visit Laos-China Year 2019 have arose. A minister has confirmed that Lao officials have...