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...

City 2 Launches Public Transportation Trial Run

The Vientiane State Bus Enterprise (VSBE) will be initiating a trial run of their bus line running between Lao-ITECC and Talat Sao this week....

Chinese President’s Visit Bolsters Development Ties with Laos

With a visit from China's President Xi Jinping currently underway in Vientiane, the Minister of Energy and Mining, Mr Khammany Inthirath has spoken to...

Analysts Concerned with Laos’ Rising Debt

For the first time in twenty years, analysts have drawn their concerns back to potentially unsustainable debt that has been accruing in the region....

PM Meets with Relocated Families Due to Hydropower Plant

On Nov 5, Prime Minister Thongloun Sisoulith visited families affected by the Nam Ou 1 hydropower project in the settlement village Houaylo, Pak-ou district,...

Thai Firm to Run Bokeo Mekong River Port

In an effort to manage regional traffic the upcoming year, Laos has put forth a plan to launch a new port checkpoint located in...

Foxpress Service Delivers 2017 Road Tax Stickers to Your Door

Thanks to a local delivery company named Foxpress, obtaining 2017’s road tax stickers has just gotten easier. For a small fee of only 15,000...